The Basic Components of an Accounting Information System Include All

question 126

Multiple Choice

The basic components of an accounting information system include all but which of the following?

• A)Source documents
• B)Input devices
• C)Cell phones
• D)Information processors
• E)Information storage

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Definitions:

Drawer

In the context of banking and finance, the person who writes or issues a check or draft instructing the drawee to pay someone else.

Drawee

The party in a transaction upon whom a check, draft, or bill of exchange is drawn and is responsible for its settlement.

Payee

The person or entity to whom a check, draft, or electronic payment is made out and who is to receive the funds.

Posting

The act of publishing content or information on a digital platform, such as a blog, forum, or social media site.