Computerised Accounting Systems Are Collectively Referred to As

question 37

Multiple Choice

Computerised accounting systems are collectively referred to as:

• A) ledger systems.
• B) accounting information systems.
• C) software packages.
• D) cloud systems.

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Definitions:

Income From Operations

Income from operations refers to the profit realized from a firm's core business activities, excluding deductions for interest and taxes.

Office Salaries Expense

The costs associated with paying salaries to administrative and office employees.

Indirect Expense

Expenses incurred that are not directly linked to a specific product or service, such as utilities or rent for the business premises.

Service Department Charges

The costs of services provided by an internal service department and transferred to a responsibility center.