Question: The technology component of accounting systems has evolved dramatically over the last two decades. Nevertheless, many mom and pop type businesses have no bookkeepers and

The technology component of accounting systems has evolved dramatically over the last two decades. Nevertheless, many "mom and pop" type businesses have no bookkeepers and simply collect their transactions and turn them over to a CPA at the end of the year. Which of the following best describes this type of accounting system?
Responses
Journals and ledgers
Journals and ledgers
Transaction files
Transaction files
Worksheet
Worksheet
Shoe box

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!