Which of the Following Is an Example of a Workgroup

question 61

Multiple Choice

Which of the following is an example of a workgroup information system?

• A)charging of membership fees
• B)contact manager
• C)accounts payable system
• D)ordering of restaurant supplies from suppliers

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Definitions:

Recording Process

The systematic method of capturing all financial transactions of a business in accounting records.

Adjusting Entries

At the close of an accounting cycle, journal postings are made to apportion earnings and expenditures to the period they truly happened.

Errors

Mistakes or inaccuracies in financial data, documents, or processes that can affect reporting and decision-making.

Current Liabilities

Liabilities of a company that need to be settled within a year.