An Account Is Used as Part of the Recording Process

question 162

Multiple Choice

An account is used as part of the recording process and is described by all EXCEPT which one of the following?

• A) An account can have either a debit or credit balance.
• B) An account is a source document.
• C) An account may be part of a manual or a computerized accounting system.
• D) An account has a title.

---

Definitions:

Cross-Departmental Processes

Activities and workflows that involve collaboration and interaction between different departments or units within an organization.

Cloud-Based ERP

Enterprise Resource Planning systems that are hosted on a vendor's cloud platform rather than an organization’s own servers, facilitating access from anywhere via the Internet.

ERP System

Enterprise Resource Planning System, a suite of integrated applications that an organization uses to manage core business processes.

Types of Reports

Various categories of documents that present and analyze information, including statistical, research, and progress reports.