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which is probably the most immediate and significant effect of database technology on accounting? group of answer choices replacement of the double entry-system change in the nature of financial reporting elimination of traditional records such as journals and ledgers quicker access to and greater use of accounting information in decision-making

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The most immediate and significant effect of database technology on accounting is quicker access to and greater use of accounting information in decision-making.

In accounting, we carry out various mathematical calculations for income, expenses, profit, loss, revenue, calculation of tax, and many more tasks. To do all these calculations properly and correctly we need a Database Technology.

Database technology keeps all our financial records organized at one place and we don't have to maintain and search for different ledgers and journals for each task. This technology has minimized the time people used to spend on accounting. It has made accounting easier and well-maintained.

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