Question

Technology: Multiple Choice Has replaced accounting. Has not improved the clerical accuracy of accounting. Reduces the time, effort and cost of recordkeeping. In accounting has replaced the need for decision makers. In accounting is only available to large corporations.

Answer 1

Reduces the time, effort and cost of recordkeeping.

Step-by-step explanation:

Advantages of technology in accounting

1. It has improved the clerical accuracy of accounting. The errors made have reduced.
2. It reduces the time, effort and cost of recordkeeping.
3. It has reduced the reliability of accounting information generated because of increased accuracy

Despite the advantages of technology in accounting, technology is yet to replace man as decision makers because man is still needed to interpret the data generated by technology and take appropriate actions based on the interpretation of the generated data