Explain the two components of a computerized accounting information system.
Answer to relevant QuestionsWhat is an enterprise resource planning (ERP) system? What are the advantages and disadvantages of using an ERP? Explain the posting process of the sales journal. Refer to information in Exercise EC-14. In EC-14 Feb. 1 Sold merchandise inventory on account to Crisp Co., $1,325. Cost of goods, $870. Invoice no. 401. 6 Sold merchandise inventory for cash, $920 (cost, $660). 12 Collected ...Assume Smiling Springs Glass Company uses the perpetual inventory system. The general ledger of Smiling Springs Glass Company includes the following selected ac-counts, along with their account numbers: All credit sales are ...Jun. 1 Sold merchandise inventory on account to Flynn Jackson, $1,210. Cost of goods, $920. Invoice no. 101. 8 Sold merchandise inventory on account to Ike Floyd, $2,100. Cost of goods, $1,660. Invoice no. 102. 13 Sold ...
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