Chapter 4, Problem 1SP

Summary Introduction

Narrative summary:

Company F is a grocery shop where the purchases will be given to the sales clerk by the customer along with the cash. The sales clerk will put the cash into the drawer and enter the sales in the register. The cash and the sales will be handed over to the cashier at the end of the shift. He will review the sales register and cash.

To prepare: The table of entities and activities.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.