Question: Q1. Please list 2 (two) common Accounting source documents and the information normally included in these source documents that are used to retrieve financial data.

 Q1. Please list 2 (two) common Accounting source documents and the

Q1. Please list 2 (two) common Accounting source documents and the information normally included in these source documents that are used to retrieve financial data. Answer: Q2: List at least two (2) features of desktop and two (2) features of cloud-based computerised accounting systems. Answer: Q3: Xero allows the organisation to elect to use either the perpetual or periodic method of accounting for inventory. Please describe the information procedures on how Xero sets up and operates this in the system. Answer: Q4: Computerised accounting systems have important requirements in handling personal information about individuals under The Privacy Act 1988 and maintaining a secure record of all processed transactions for audit purposes. Explain several methods employed by Xero to protect data privacy and secure record of processed transactions for audit purposes

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