Question: What are the two basic components of a computerized accounting information system? O cash payments journal and cash receipts journal O network and cloud computing

What are the two basic components of a computerized accounting information system? O cash payments journal and cash receipts journal O network and cloud computing O sales journal and purchase journal hardware and software A Moving to another question will save this response

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!

What are the two basic components of a computerized accounting information system? a) network and cloud computing b) sales journal and purchase journal c) cash payments journal and cash receipts...

FINANCIAL FORECASTING, CORPORATE PLANNING, AND BUDGETING I.LEARNING OUTCOMES: Upon finishing this session, 1.Know and explain the basic concepts involving financial forecasting, corporate planning,...

1. Chapter 1Introduction to Accounting and Business Question MC #4 (Points: 3) An entity that is organized according to state or federal statutes and in which ownership is divided into shares of...

This question requires you to use Xero accounting software (30-day free trial version, available at: https://www.xero.com/au/). Dylan Grimes commenced a new watch repair business, called GrimesTimes....

Question 1 2.5pts Journalizing is the _______ step in the accounting cycle Group of answer choices 1st 2nd 3rd 4th Flag this Question Question 2 2.5pts The third step of the accounting cycle Group of...

Can anyone solve with full proper workings serially? Attention: Full Question 3 is in 2pages Question: 1 On December 1, 2020, G Company had the following account balances. Debit Credit Cash :5 7,200...

1-Which of the following is an example of a source document in a computerized accounting information system ? a)purchase invoices b)cash payments journal c)balance sheet d)income statement 2- A CR.5...

U Collabor Insert Table Chart Text Shape Media Comment 16) Which of the following states that the business should use the same accounting methods from period to period? A) consistency principle B)...

Question 1 2.5pts The process of transferring the data from the journal into the ledgers is called: Group of answer choices footing transponding posting journalizing Flag this Question Question 2...

Cro Nao Et C+01 0 20 For the above reaction, 1. Name the reactant. 2. Name the product 1. (if you cannot name it, describe it.) 3. Name the product 2. 4. Draw the products. Insert here if possible. (2

Explain how GEICO operates as a direct-to-consumer insurer in the auto insurance market. Why would you think humor would be an effective creative strategy in this situation? You may also remember...

1 ) Discuss the FOUR ( 4 ) benefits of diversification. 2 ) Discuss whether diversification will always lead to greater expected portfolio returns. 3 ) Elaborate the different of constructing a...

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Using the information gathered in Application Exercise 7, prepare a combination general rsum that could be used with at least three of the advertised positions. Partner with a classmate to proofread...

Technology. Assume you worked for your father at his car dealership while attending school. Because you have limited work experience, you want to include this on your rsum. You have written the...

What content should go in the closing paragraph of an application letter? (Objective 1)