What is one of the primary benefits of using AI in accounting?
A) Reducing electricity consumption
B) Automating data entry and analysis
C) Increasing manual workload
D) Eliminating all financial risks
Which of the following is a key feature of blockchain in accounting?
A) Centralized control
B) Immutable ledger
C) Manual auditing
D) Slow transactions
How does AI improve fraud detection in accounting?
A) By manually reviewing every transaction
B) By identifying unusual patterns in financial data
C) By replacing auditors
D) By eliminating the need for internal controls
Blockchain technology in accounting helps in:
A) Increasing financial manipulation
B) Enhancing transparency and security
C) Reducing automation
D) Slowing down transactions
Which AI technology is widely used in accounting for data analysis?
A) Virtual Reality
B) Machine Learning
C) Blockchain
D) GPS Tracking
What is a smart contract in blockchain accounting?
A) A self-executing contract with terms written in code
B) A verbal agreement between accountants
C) A traditional paper-based agreement
D) A handwritten ledger entry
AI in accounting helps reduce errors by:
A) Increasing manual calculations
B) Automating repetitive tasks
C) Eliminating accountants
D) Removing all financial records
Which of the following is a limitation of AI in accounting?
A) Lack of speed
B) Dependency on data quality
C) Increased paperwork
D) Inefficiency in automation
Blockchain can help in tax compliance by:
A) Manipulating tax records
B) Providing an auditable and transparent ledger
C) Hiding transactions
D) Increasing errors in tax calculations
Which AI tool is commonly used for predictive analytics in accounting?
A) Microsoft Paint
B) Neural Networks
C) Typewriters
D) Paper-based ledgers
How does blockchain help prevent accounting fraud?
A) By creating unchangeable financial records
B) By allowing multiple edits to past transactions
C) By making financial data private
D) By eliminating external audits
What is the role of AI chatbots in accounting?
A) Managing financial transactions autonomously
B) Assisting in customer support and financial queries
C) Replacing human accountants
D) Increasing accounting errors
Which of the following blockchain features ensures data security in accounting?
A) Smart contracts
B) Decentralization and encryption
C) Paper-based transactions
D) Manual approval of entries
How does AI help in financial forecasting?
A) By analyzing historical data and predicting trends
B) By eliminating all financial risks
C) By removing the need for accountants
D) By increasing manual calculations
Which technology ensures real-time financial reporting?
A) Blockchain
B) Typewriters
C) Paper-based accounting
D) Manual bookkeeping
What is one of the major benefits of using AI for auditing?
A) Automating error detection and risk analysis
B) Reducing transparency in financial data
C) Eliminating the need for audit reports
D) Increasing manual processing time
Which blockchain feature makes financial records tamper-proof?
A) Cloud storage
B) Immutable ledger
C) Third-party verification
D) Manual authorization
AI can assist accountants by:
A) Eliminating financial reports
B) Automating transaction categorization
C) Increasing paperwork
D) Reducing data security
What is the key advantage of blockchain-based invoices?
A) Automatic tracking and verification
B) Increased financial fraud
C) Slower processing times
D) Higher transaction costs
Which AI-driven tool is used for bookkeeping automation?
A) QuickBooks AI
B) Handwritten ledgers
C) Fax machines
D) Typewriters
How does blockchain impact payroll management?
A) Reduces fraud and improves transaction security
B) Increases payroll processing time
C) Eliminates employee payment records
D) Reduces automation
Which of the following is NOT a use of AI in accounting?
A) Fraud detection
B) Financial reporting
C) Manual bookkeeping
D) Tax compliance
Blockchain helps reduce tax evasion by:
A) Keeping an unalterable record of transactions
B) Allowing hidden transactions
C) Increasing financial fraud
D) Eliminating audits
