- 1 Marks
FA – May 2024 – L1 – SA – Q8 -Virtual Accounting: Digitisation
Defines digitisation in the context of accounting.
Question
Which of the following best describes the concept of digitisation in accounting?
A. Digitisation is the process of converting digital files into physical formats for easier storage and retrieval.
B. Digitisation refers to the use of digital technologies to create invoices and receipts.
C. Digitisation involves converting physical accounting records, such as invoices and receipts, into a computer-readable format using digital technologies.
D. Digitisation is the practice of manually entering accounting data into a computer system to ensure accuracy.
E. Accounting digitisation is solely focused on minimising human involvement in financial processes to increase efficiency.
Find Related Questions by Tags, levels, etc.
- Tags: Accounting Technology, Digital Records, Digitisation
- Level: Level 1
- Topic: Virtual Accounting: Digitisation
- Series: MAY 2024
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