The ______________________________ Process Is an Interacting Structure of People, Equipment

question 15

Short Answer

The ______________________________ process is an interacting structure of people, equipment, activities, and controls that is designed to accomplish both operations and information system functions with the purpose of generating accounting and other reports.

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Definitions:

Legal Entity Type

Categories under which business or organization structures are legally recognized, such as LLC, corporation, partnership.

Tax Form

A document used to report financial information to a governmental body for the purposes of tax calculation and compliance.

IRS

Internal Revenue Service, the federal agency responsible for administering and enforcing tax laws in the United States.

Form 1040 Schedule C

A tax form used in the United States for reporting income or loss from a business operated as a sole proprietorship.