Which of the Following Is an Accounting Information System Activity

question 17

Multiple Choice

Which of the following is an accounting information system activity that can be classified as a payroll business transaction?

• A) approval of new employees
• B) receipt of customer payment
• C) processing of vendor invoices
• D) payment for goods or services

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Definitions:

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Sales

the exchange of goods or services for money, representing a key activity for businesses to generate revenue.

Basket Of Goods

This term refers to a fixed set of consumer products and services valued on a regular basis for the purpose of tracking inflation in an economy.

CPI

The Consumer Price Index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.