An Information System Should Collect Data from Both External and Internal

question 75

True/False

An information system should collect data from both external and internal sources, although organizational objectives and the type of application also determine what sources to use.

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Definitions:

Voucher System

An accounting system that involves the process of creating, approving, and documenting all purchases made by the company through vouchers.

Voucher Register

A comprehensive log that records details of all vouchers issued, including payment information, for accounting and auditing purposes.

Check Register

A record of checks written, deposits made, and balances in a checking account, used for tracking financial transactions.

Vouchers Payable

A liability account that records the obligation of the company to pay off a debt, typically for goods or services received.