Accounting Information Systems Have Five Generic Elements

question 49

Multiple Choice

Accounting information systems have five generic elements.Which of the following would most appropriately be labeled "storage" within the context of the sales/collection process?

• A)A paper file of outstanding customer invoices
• B)An electronic database of sales transactions
• C)Both a paper file of outstanding customer invoices and an electronic database of sales transactions
• D)Neither a paper file of outstanding customer invoices nor an electronic database of sales transactions

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Definitions:

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Documents or presentations created to convey information, analyses, or research findings without making recommendations or decisions.

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Documents that provide detailed examination and interpretation of data or information, often used to assess problems, perform analysis, and propose solutions.

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