In an Accounting Information System,source Documents Are the Documents Which

question 144

Multiple Choice

In an accounting information system,source documents are the documents which ________.

• A) are not needed if a computerized system is used
• B) detail the strategic planning of the business
• C) have complete information about the financial statements
• D) provide the evidence and data for accounting transactions

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Definitions:

CVP Income Statement

A financial report that analyzes the cost, volume, and profit relationships within a company, emphasizing how sales affect profits.

Variable

An element, feature, or factor that is liable to vary or change; in the context of finance and economics, it often refers to costs that fluctuate with the level of output or activity.

Fixed-Cost

Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.

Activity Level

A measure of the amount of work or operations conducted by a business or organization during a specific period.