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Accounting
Classify the following items as either:   TPS—transaction processing system FRS—financial reporting system MRS—management reporting system   1. Variance reports   2. Sales order capture   3. Balance sheet   4. Budgets   5. Purchase order preparation   6. Tax returns   7. Sales summary by product line   8. Cash disbursements preparation   9. Annual report preparation   10. Invoice preparation   11. Cost-volume-profit analysis   12. Journal entries

Classify the following items as either:   TPS—transaction processing system FRS—financial reporting system MRS—management reporting system   1. Variance reports   2. Sales order capture   3. Balance sheet   4. Budgets   5. Purchase order preparation   6. Tax returns   7. Sales summary by product line   8. Cash disbursements preparation   9. Annual report preparation   10. Invoice preparation   11. Cost-volume-profit analysis   12. Journal entries

FINANCIAL ACCOUNTING
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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Classify the following items as either:
 
TPS—transaction processing system
FRS—financial reporting system
MRS—management reporting system

 

1. Variance reports
 
2. Sales order capture
 
3. Balance sheet
 
4. Budgets
 
5. Purchase order preparation
 
6. Tax returns
 
7. Sales summary by product line
 
8. Cash disbursements preparation
 
9. Annual report preparation
 
10. Invoice preparation
 
11. Cost-volume-profit analysis
 
12. Journal entries
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