Refer to Exhibit AII.2. Identify which component of the AIS would process each of the following source
Question:
Refer to Exhibit AII.2. Identify which component of the AIS would process each of the following source documents:
Exhibit AII.2
Transcribed Image Text:
Accounts Payable (AP) Accounts Receivable (AR) Payroll (P) 1. Time cards from employees. 2. Sales invoice; terms 2/10, n/30. 3. Deposit slip regarding cash collections from credit customers. 4. Cheque written to pay account with supplier Feedback Loop Accounting Information System Inputs Accounts Accounts Outputs Receivable Payable Source Reports/Information to Internal/External Users Documents Property, Plant, and Equipment Payroll Assets (specialty component)
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Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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