The most accurate statement comparing the advantages and disadvantages of paper versus digital financial records is:
Digital records are easier to store.
This reflects the advantage of digital records, as they typically require less physical space compared to paper records, which need physical storage.
The other options either contain inaccuracies or don't adequately compare the two formats:
- Digital records can be difficult to permanently destroy due to backups and cloud storage.
- Paper records are often harder to send compared to digital records, which can be sent electronically with ease.
- Digital records are typically easier to access remotely, not just if they are "nearby."
So, "Digital records are easier to store" is the most straightforward and accurate comparison.