Accounting Information Systems Generate Both Monetary and Non-Monetary Accounting Information

question 50

Essay

Accounting information systems generate both monetary and non-monetary accounting information. List two examples of eachtype of accounting information.

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Definitions:

Mishandling

Inappropriate or careless management, leading to damage or loss.

Harmful

Causing or potentially causing damage, injury, or negative effects to someone or something.

Make Goods

Products or services offered to compensate for a deficiency or to fulfill a previously unmet obligation.

Sell or Lease

The commercial decision to either transfer ownership of a property or product for a price or to grant its use to someone else under a rental agreement.