Which of the Following Is True of Outputs in an Accounting

question 131

Multiple Choice

Which of the following is true of outputs in an accounting information system?

• A)In a manual system, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint.
• B)In a computerized system, the software can generate reports instantaneously that can never be manipulated.
• C)Examples of outputs in an accounting information system include purchase invoices, bank checks, and sales invoices.
• D)Since the output in an accounting information system are audited and error-free, it provides the evidence and data for accounting transactions.

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Definitions:

Activity Cost Pools

Categories in activity-based costing where costs are accumulated before being assigned to products or services based on their consumption of activities.

Machine-Hours

A measure of the amount of time machines are used in the production process, often used for allocating manufacturing overhead.

Batches

Quantities of material or products processed or produced at the same time in a manufacturing process.

Product Margins

refer to the difference between the selling price of a product and its production costs, indicating the profitability of the product.