According to the Book,an HRIS

question 27

Multiple Choice

According to the book,an HRIS

• A) is defined only by the software-hardware configuration it uses
• B) is used to store data for use by the MIS department
• C) includes people, forms, policies, procedures, and data
• D) cannot be used to manipulate and analyze data

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Definitions:

Account Nature

Refers to the classification of an account as either an asset, liability, equity, revenue, or expense, which dictates its role and presentation in financial statements.

Normal Balance

The side of an account on which increases are recorded, typically the debit side for assets and expenses, and the credit side for liabilities, equity, and revenue.

Account Nature

The characteristic of an account that classifies it as an asset, liability, equity, revenue, or expense.

Periodic Inventory Method

An accounting method where inventory and cost of goods sold are calculated at set intervals, such as yearly or quarterly.