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A Flowchart That Depicts the Relationships Among the Input,processing,and Output

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A flowchart that depicts the relationships among the input,processing,and output of an AIS is


Definitions:

Goods

Physical items that are sold or traded, typically manufactured products or raw materials.

Business Transaction

An economic event with a third party that is recorded in an organization's accounting system.

Total Assets

The complete sum of everything a company owns or controls that has economic value, shown on the balance sheet.

Owner's Equity

Owner's equity is the residual interest in the assets of the entity after deducting liabilities, representing what the owners or shareholders own outright.

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