Accounting Information Systems Have Five Generic Elements

question 42

Multiple Choice

Accounting information systems have five generic elements. Which of the following pairs includes examples of two different elements within the context of the acquisition / payment process?

• A)Purchase requisition and schedule of accounts payable
• B)Journal entry that debits inventory and credits cash
• C)Separation of duties and a blind copy of the receiving report
• D)All of the above

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Definitions:

Divalproex

A medication used to treat seizure disorders, bipolar disorder, and to prevent migraine headaches.

Anticonvulsant

A type of medication used to prevent or treat seizures, working by stabilizing electrical nerve activity in the brain.

Special Room

A designated area set aside for a specific purpose or activity, often equipped with particular facilities or adaptations.

Mania

A mental state characterized by extremely elevated mood, energy, and abnormal levels of activity, decision-making, or impulsivity, often seen in bipolar disorder.