Bookmarks People Window Help ? CengageNOWV2 | Online teaci?Q Accounting Review C

Question

Bookmarks People Window Help ? CengageNOWV2 | Online teaci?Q Accounting Review Chapter 5 x Q Accounting-Chapter 5 Flashc ow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-.; Calculator Which of the following statements is false? a. Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions. Ob. Most computerized accounting systems use principles from manual systems. Oc.Large companies often integrate their accounting system with their automated business systems. Od. Even small companies use computerized accounting systems.

Explanation / Answer

Solution:

The false statement is "Subsidiary ledger and special journals are only useful when a business does not have a large number of similar transactions"

Subsidiary ledger and special journals are useful only when a business have a large number of similar transactions.

Hence option a is correct.

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