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Difficulty: EasyComponents of Computerized Accounting Systems

In a computerized accounting system, the physical electronic equipment used to input, process, store, and display financial transactions is categorized as hardware.

Answer: Answer

Answer

The statement is true because the physical equipment of a computer system used in processing accounting data is defined as hardware.
The statement accurately identifies that all physical electronic devices used in financial data processing constitute the hardware component of a computerized accounting system.

Step-by-Step Solution

1
Identify the basic components of a computerized accounting system.
A computerized accounting system comprises five core elements: hardware, software, data, procedures, and peopleware.
Understanding component definitions helps distinguish physical items from operational programs.
2
Evaluate the definition of physical electronic equipment.
Tangible machinery such as monitors, central processing units, keyboards, and printers fall specifically under hardware.
Hardware is defined by its physical, tangible nature in contrast to software applications.

Key Concept

Hardware component of a computerized accounting system
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Components of Computerized Accounting Systems

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