Accounting Information SystemProvide an analysis/explanation of the flow of the expenses flowchart of a bookstore business. The expenses are the expenses used by the bookstore in its operations. EXPENSESSTARTCollect all copies ofExpenses(Receipts)PaymentsManagerApprovalOwnerApproves thePaymentsPrepare Voucher forPaymentAccounting Approvalof Transactions andPaymentUpdate Records ofPayments & SystemEND

The Accounting flow involve various steps and various accounts as the initial in world recording…

Answered: Information System Provide an…

Information System Provide an analysis/explanation of the flow of the expenses flowchart of a bookstore business. The expenses are the expenses used by the bookstore in its operations.

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

Accounting Information System

Provide an analysis/explanation of the flow of the expenses flowchart of a bookstore business. The expenses are the expenses used by the bookstore in its operations.

EXPENSES
START
Collect all copies of
Expenses
(Receipts)
Payments
Manager
Approval
Owner
Approves the
Payments
Prepare Voucher for
Payment
Accounting Approval
of Transactions and
Payment
Update Records of
Payments & System
END

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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