Accounting Information Systems Have Five Generic Elements

question 14

Essay

Accounting information systems have five generic elements.Which one applies to each item listed below within the context of the acquisition/payment process?
a.Adequate documentation of the process
b.Check, from the viewpoint of the buyer
c.Inventory status report
d.Purchase order, from the viewpoint of the purchasing department
e.Purchase requisition, from the viewpoint of the purchasing department
f.Purchases/inventory junction file
g.Recording journal entries to purchase inventory
h.Separation of duties
i.Steps in the acquisition/payment process
j.Vendor master file

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Definitions:

Neuronal Synapses

The junctions between neurons, where information is transferred from one neuron to another.

Broca's Aphasia

A condition resulting from damage to the Broca's area of the brain, characterized by difficulty in producing speech but with preserved comprehension.

Frontal Lobe

A part of the brain located in the front area of the skull, responsible for voluntary movements, speech, decision making, and problem-solving.

Adrenal Glands

Endocrine glands located above the kidneys that produce hormones such as adrenaline and cortisol, which help control stress responses, blood pressure, and metabolism.