Which of the following explains why there is no month end

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Reference no: EM131013511

1.Which of the following explains why there is no Month end posting to controlling accounts in a computerized accounting system?
a) Controlling accounts are the sum of the balance in the subsidiary.
b) When transactions are entered, they are posted immediately to all affected accounts.
c) the computer does not make posting and mathematical errors.
d) computerized accounting keeps a "running balance" on all accounts; therefore, posting is not necessary.

Reference no: EM131013511

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