The Final Stage of Data Processing for an Accounting System

question 3

Multiple Choice

The final stage of data processing for an accounting system is the:

• A)preparation of the special journals.
• B)posting of transactions to the ledger accounts.
• C)generation of the accounting reports.
• D)preparation of the trial balance.

---

Definitions:

Sales Commission

A payment made to salespersons, often calculated as a percentage of sales revenue, for meeting or exceeding sales targets.

Maintenance

The activities and expenses related to the ongoing upkeep and repair of assets to ensure their functionality and efficiency.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.

Operating Costs

Expenses associated with the day-to-day operations of a business, including rent, utilities, payroll, and raw materials.