Which of the Following Is a Major Subsystem of the Cost

question 39

Multiple Choice

Which of the following is a major subsystem of the cost accounting information system?

• A)ERP
• B)Operational control information system
• C)OLAP
• D)EDI

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Definitions:

Recorded

The act of documenting financial transactions in the accounting records or ledgers of a company.

Adjusted Trial Balance

A financial statement that lists all accounts of a company and their balances after adjustments have been made.

Adjusting Entries

Journal entries made in accounting to update the records for revenues and expenses that have accrued but not yet been recorded through standard accounting transactions.

Prepaid Expenses

Costs paid in advance of their use, such as insurance or rent, which are recorded as assets on a balance sheet until they are actually incurred.