Question: Which two statements describe how double-entry works in most accounting software? (Choose 2) 0000 The bookkeeper enters transactions and categorizes those transactions into the right

Which two statements describe how double-entry works in most accounting software? (Choose 2) 0000 The bookkeeper enters transactions and categorizes those transactions into the right accounts, the software records the debits and credits. Financial statements are generated automatically. Accounting software cannot create T-Accounts. The bookkeeper must manually enter the debits and credits. Most accounting software do not offer double-entry accounting

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!