A Network of Activities, Resources, Facilities, and Information That Interact

question 17

Short Answer

A network of activities, resources, facilities, and information that interact to achieve some business function is a(n) ________.

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Definitions:

Internal Controls

Systems and procedures implemented by a company to ensure the integrity of financial and accounting information.

Information Processing

The collection, manipulation, storage, retrieval, and classification of information.

Revenue Journal

An accounting ledger dedicated to recording sales transactions that generate revenue for a business.

Account

An accounting form that is used to record the increases and decreases in each financial statement item.