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:

Phosphorus

A chemical element essential for life, involved in many cellular processes, including energy transfer and the formation of bones and teeth.

Biogeochemical Pathway

Cycles that involve the movement and chemical transformation of substances through biological, geological, and chemical processes on Earth.

Elements

Substances that cannot be broken down into substances with different properties; composed of only one type of atom.

Reservoir

Location in a biogeochemical cycle where a chemical or resource is stored for long periods of time and is typically unavailable to living organisms.