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Adaeze Nwobu

Study questions for chapter twenty two

22.1 The use of accounting software is …….. method of generating accounting information.


22.2 ………… is a technology-based protocol used to create, maintain, store, process financial records, making such transactions available to every participant.


22.3 Blockchain accounting technology reduces the amount spent on keeping and ……. ledgers, while showing the history, resources owned and controlled and the existence of obligations.


22.4 In relation to financial accounting, blockchain chronologically records transactions in its …….. and is accessible to persons who have permission.


22.5 When a business entity uses blockchain accounting technology to post transactions to the relevant ledger, the transactions are posted to a ……….. and are periodically grouped into a ……….


22.6 Blockchain is a ………. ledger technology.


22.7 Transactions are recorded in a ………. manner into a blockchain.


22.8 ………. are codes added to a blockchain.


22.9 Blockchain records cannot be changed because a unique …… is assigned to a block when it is initially created.


22.10 Each entry of financial transactions is shared …….. and ……... with those connected to the blockchain through computers.

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