Which of the Following Accounting Information System Activities Is Completed

question 116

Multiple Choice

Which of the following accounting information system activities is completed when merchandise inventory is sold?

• A)preparation and payment of payroll
• B)processing of sales invoice
• C)receipt of goods or services
• D)payment for goods or services

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Definitions:

Rate of Unemployment

The percentage of the labor force that is jobless and actively seeking employment.

Normative Economic Statement

A statement that reflects opinions or judgments about what ought to be in economics, focusing on the desirability of certain economic policies or outcomes.

Minimum Wage

The lowest legal wage that employers are allowed to pay their workers, set by law to ensure a minimum standard of living for employees.

Federal Government

The national government of a federated state, which holds the central political authority in a federal system.