Subject accouting information system please solve all questions Economic enterprises, both for profit and nonprofit, generate revenues through businessprocesses that constitute their revenue cycle. In its simplest form, the revenue cycle is thedirect exchange of finished goods or services for cash in a single transaction between a sellerand a buyer.Distinguish between a packing slip, a shipping notice and a bill of lading.b. All the companies must have separate department for warehousing and shipping for theirbusiness operation. Discuss.Discuss how the nature of the necessary internal control features is affected by switchingfrom a manual system to a large scale computer based accounting system.

A thriving RCM method is crucial for a care observe to take care of monetary viability and still…

Economic enterprises, both for profit and nonprofit, generate revenues through business processes that constitute their revenue cycle. In its simplest form, the revenue cycle is the direct exchange of finished goods or services for cash in a single transaction between a seller and a buyer. a. Distinguish between a packing slip, a shipping notice and a bill of lading. p. All the companies must have separate department for warehousing and shipping for their business operation. Discuss. Discuss how the nature of the necessary internal control features is affected by switching from a manual system to a large scale computer based accounting system.

Economic enterprises, both for profit and nonprofit, generate revenues through business processes that constitute their revenue cycle. In its simplest form, the revenue cycle is the direct exchange of finished goods or services for cash in a single transaction between a seller and a buyer. a. Distinguish between a packing slip, a shipping notice and a bill of lading. p. All the companies must have separate department for warehousing and shipping for their business operation. Discuss. Discuss how the nature of the necessary internal control features is affected by switching from a manual system to a large scale computer based accounting system.

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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