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:

Color Highlights

The use of contrasting colors to accentuate or emphasize certain parts of a text or image.

Common Language

A language or form of communication understood by all parties involved, ensuring clear and effective exchange of ideas and information.

Interpreting

The process of translating spoken or sign language communication from one language to another, facilitating understanding between speakers of different languages.

Analyzing

Analyzing involves examining something methodically and in detail, typically for purposes of explanation and interpretation, often leading to insights or conclusions.