Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated
Question:
Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated at the top of Exhibit 7 in this chapter.
a. Identify the key input fields (spaces) in an electronic invoice form.
b. What accounts are posted from an electronic invoice form?
c. Why aren’t special journal totals posted to control accounts at the end of the month in an electronic accounting system?
Exhibit 7:
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ANSWER a Based on the information provided the key input fields spaces in an electronic invoice form ...View the full answer
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Related Book For 
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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