Which of the Following Is Not One of the Three

question 23

Multiple Choice

Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?

• A) Name of the employee who completed the sale
• B) Daily sales quota
• C) Product sold
• D) Date

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Definitions:

Current Liabilities

Short-term financial obligations due within one year, such as accounts payable and short-term loans.

TIE

The Times Interest Earned (TIE) ratio is a financial metric that measures a company's ability to meet its debt obligations based on its current income.

Interest Expense

Interest Expense is the cost incurred by an entity for borrowed funds, which can include loans, bonds, or lines of credit, over a specific period.

Earnings Before Interest and Taxes

An indicator of a company's profitability, calculated as revenue minus expenses excluding tax and interest.