Describe the output, input and process used in an accounting system.
Question:
Describe the output, input and process used in an accounting system.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
An accounting system is a structured framework used by organizations to manage financial transactions record financial data and generate financial reports It involves the use of specific inputs proces...View the full answer
Answered By
Deepak Sharma
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
Question Posted:
Students also viewed these Business questions
-
1. Which of the following statements does NOT describe an advantage of a computerized accounting system? a. Many accounting cycle steps are performed by the computer. b. It is easier to control than...
-
Pies by Skye is a owner operated company located in Centerville, Pennsylvania. The shop bakes mile-high pies, to order, and has been popular in the area for years. Recently, Pies by Skye has enjoyed...
-
The objective of multiprogramming is to have some process running at the same time to maximize CPU utilization. However, for a uniprocessor system, there will never be more than one running process....
-
The most common way of calculating finance charges is not the simplified one we used but rather the average daily balance. With this method, we calculate the account balance at the end of each day of...
-
In a recent Wall Street Journal article, the author notes that various retailers in the U.S. (e.g., Meijer, Inc., Gap, Inc., Office Depot, Inc., and Toys R Us, Inc.) are turning to consulting firms,...
-
According to an Allstate/National Journal poll, 39% of the U.S. adults polled said that it is extremely or very likely that there will be a female president within 1015 years in the United States...
-
Alpha Semiconductors experienced the following activity in its Photolithography Department during December. Materials are added at the beginning of the photolithography process. Requirements: 1....
-
When evaluating new projects and investments, the ABC Corporation calculates after-tax cash flows and earnings assuming the firms marginal tax rate equals the top federal statutory tax rate of 35%....
-
(d) Define Floating-point representation, Truncation error, and Global error with examples.
-
Define the purpose of each of these terms: Ledger account. Trial balance. Statement of profit or loss & other comprehensive income. Statement of financial position.
-
On 1 September 20x1, Robert Shaw established an enterprise under the name Shaw Agencies. Transactions for the month: 1. A business bank account was opened with a deposit of R24 000 from Robert,...
-
Calculate the power output in watts and horsepower of a shot-putter who takes 1.20 s to accelerate the 7.27-kg shot from rest to 14.0 m/s, while raising it 0.800 m. (Do not include the power produced...
-
Pet Food Market to Reach $127.21 Billion By 2027 The global pet food market has four dominant firms that produce more than 50 percent of the market. These firms strive to maintain their dominance by...
-
Unilever was founded in 1929, by the merger of the Dutch margarine producer Margarine Unie and the British soap maker Lever Brothers. The company has grown significantly since then, expanding its...
-
Outline the main stages in the new product development process, identifying the potential sources of failure at each stage.
-
a. What is the quantity of Newfoundland cod fish that fishers catch and the price of Newfoundland cod fish? Is the Newfoundland cod fish stock being used efficiently? Explain why or why not. b. What...
-
For each of the following goods, explain why a free-rider problem arises or how it is avoided. Public parks and gardens Wireless Internet access in cafs Wikipedia webpages Christmas tree lighting...
-
On January 1, 2016, Prairie Enterprises purchased a parcel of land for $28,000 cash. At the time of purchase, the company planned to use the land for a warehouse site. In 2018, Prairie Enterprises...
-
Consider model (9.18). What is the effect on the model parameter estimates, their standard errors, and the goodness-of-fit statistics when (a) The times at risk are doubled, but the numbers of deaths...
-
Flaherty is considering an investment that, if paid for immediately, is expected to return $140,000 five years from now. If Flaherty demands a 9% return, how much is she willing to pay for this...
-
CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 10 years...
-
CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 10 years...
-
Macmillan Learning Tax Bracket Tax Rate $0.00+ 10% $11,600.00+ 12% $47,150.00+ 22% $100,525.00+ 24% $191,950.00+ 32% $243,725.00+ 35% $609,350.00+ 37% Given this Federal Income Tax schedule, what...
-
A project requires an initial investment of 1 1 , 0 0 0 dollars. The lifetime of the project will be 1 4 years with a cashflow stream of 2 , 0 0 0 per year and an interest rate of 1 0 . 9 8 . Compute...
-
Q2. REPLACING EQUIPMENT Old Equipment: Book Value $300 000 $400 000 Disposal Value (now) $ 56 000 Remaining useful life Disposal Value at end 10 yr. 0 Annual Estim. Sales $480 000 Annual Operating...
Study smarter with the SolutionInn App