The identification of transactions, based on application of accounting principles, is common to _________ accounting system.

manual

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computerised

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Both (a) and (b)

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None of the above

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Solution

The correct option is C Both (a) and (b)
Identification of transactions is one of the activities in the context of a comparison between manual and computerized accounting systems. The identification of transactions, based on the application of accounting principles, is common to both manual and computerized accounting systems.

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