Marsha Is Considering Two Accounting Information Systems for Implementation in Her

question 20

Multiple Choice

Marsha is considering two accounting information systems for implementation in her organization. $\begin{array}{|l|l|l|}\hline& \text { System A } & \text { System B } \\\hline \begin{array}{l}\text { Source document } \\\text { formats }\end{array} & \begin{array}{l}\text { Paper } \\\text { only }\end{array} & \begin{array}{l}\text { Paper and } \\\text { electronic }\end{array} \\\hline \begin{array}{l}\text { Contains a table } \\\text { titled "journal } \\\text { entries" }\end{array} & \text { No } & \text { Yes } \\\hline \begin{array}{l}\text { Based on a REAL } \\\text { model }\end{array} & \text { No } & \text { No } \\\hline \begin{array}{l}\text { Generates financial } \\\text { statements and other } \\\text { pre-defined reports }\end{array} & \text { Yes } & \text { Yes } \\\hline \begin{array}{l}\text { Outputs can be } \\\text { accessed by }\end{array} & \begin{array}{l}\text { Anyone in the } \\\text { organization }\end{array} & \begin{array}{l}\text { Accounting } \\\text { personnel only }\end{array} \\\hline\end{array}$

-Which system(s) provide data for making decisions?

• A) System A.
• B) System B.
• C) Both System A and System B.
• D) Neither System A nor System B.

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Definitions:

Borrowed

The state of having taken something on loan, often with the obligation to return it or repay an equivalent amount.

Annual Rate

The interest rate for a whole year, as opposed to just a monthly or daily rate.

Days

A unit of time equivalent to 24 hours, often used to measure durations or intervals.

Grow

To grow or expand in size, volume, or intensity as time progresses.