10 pointsClassify the following items as:ManagementReporting SystemTransactionFinancial ReportingProcessing SystemSystemVariance ReportsSales order captureAnnual reportpreparationBudgetsPurchase orderpreparationTax returnsSales summary byproduct lineCash disbursementspreparationInvoice preparationCost-volume-profitanalysisO O O OO O O

The question is based on the concept of Business transaction analysis.

Answered: 10 points Classify the following items…

10 points Classify the following items as: Transaction Financial Reporting Management Processing System System Reporting System Variance Reports Sales order capture Annual report proporation

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

10 points
Classify the following items as:
Management
Reporting System
Transaction
Financial Reporting
Processing System
System
Variance Reports
Sales order capture
Annual report
preparation
Budgets
Purchase order
preparation
Tax returns
Sales summary by
product line
Cash disbursements
preparation
Invoice preparation
Cost-volume-profit
analysis
O O O O
O O O

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