FUNDAMENTAL ACCOUNTING PRINCIPLES
25th Edition
ISBN: 9781264303236
Author: Wild
Publisher: MCG
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Question
Chapter 7, Problem 1QS
To determine
Concept Introduction:
An information system takes the raw data as input converts into the meaningful information by processing it. The accounting information system takes source documents and input using the input devices and Processes it into the information and delivers it using the output devices. The components of an accounting information system are as follows:
- Source Document
- Input Devices
- Information Processors
- Information Storage
- Output devices
The type of component for each of the component given
Expert Solution & Answer
Explanation of Solution
The type of component for each of the component given is explained as follows:
| Component | Type | |
| 1. Computer Keyboard | Computer Keyboard is used as input device to enter the data into the system | B. Input Device |
| 2. Printer | Printer is used as output device to get the information from the system | E. Output devices |
| 3. Monitor | Monitor is used as output device to get the information from the system | E. Output devices |
| 4. Bank Statement | Bank Statement is a source document to process the reports | A. Source Documents |
| 5. Ledger Software | Ledger Software is a information processing software | C. Information Processors |
| 6. Cloud storage | Cloud storage is a storage place for information | D. Information Storage |
| 7. Journal Software | Journal Software is a information processing software | C. Information Processors |
| 8. Invoice from supplier | Invoice is a source document to process the reports | A. Source Documents |
| 9. Computer Scanner | Computer Scanner is used as input device to enter the data into the system | B. Input Device |
| 10. Filing cabinet | Filing cabinet is a storage place for information | D. Information Storage |
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Chapter 7 Solutions
FUNDAMENTAL ACCOUNTING PRINCIPLES
Ch. 7 - Prob. 1QSCh. 7 - Prob. 2QSCh. 7 - Identifying general and subsidiary ledgers C2 For...Ch. 7 - QS 7-4 Controlling accounts and subsidiary ledgers...Ch. 7 - QS7-3
Identifying the special journal of...Ch. 7 - Prob. 6QSCh. 7 - Prob. 7QSCh. 7 - Prob. 8QSCh. 7 - QS 7-9 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 10QS
Ch. 7 - Prob. 11QSCh. 7 - Prob. 12QSCh. 7 - Prob. 13QSCh. 7 - Prob. 14QSCh. 7 - Prob. 15QSCh. 7 - Prob. 1ECh. 7 - Exercise 7-2 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 3ECh. 7 - Exercise 7-4 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 5ECh. 7 - Exercise 7-6 Purchases journal P3 Gomez Company...Ch. 7 - Prob. 7ECh. 7 - Exercise 7-8 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 9ECh. 7 - Exercise 7-10 Purchases journal and error...Ch. 7 - Prob. 11ECh. 7 - Exercise 7-10
Posting to subsidiary ledger...Ch. 7 - Exercise 7-13 Days 'payable outstanding A1
The...Ch. 7 - Prob. 14ECh. 7 - Prob. 1PSACh. 7 - Prob. 2PSACh. 7 - Problem 7-3A Special journals, subsidiary ledgers,...Ch. 7 - Prob. 1PSBCh. 7 - Prob. 2PSBCh. 7 - Prob. 3PSBCh. 7 - Assume that Santana Rey expands Business...Ch. 7 - Prob. 1CPCh. 7 - Prob. 1GLPCh. 7 - Prob. 1AACh. 7 - Prob. 2AACh. 7 - Prob. 3AACh. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - Prob. 3DQCh. 7 - Prob. 4DQCh. 7 - What purpose is served by the output devices of an...Ch. 7 - When special journals are used, they are usually...Ch. 7 - Prob. 7DQCh. 7 - Prob. 8DQCh. 7 - Credits to customer accounts and credits to Other...Ch. 7 - Prob. 10DQCh. 7 - Prob. 1BTNCh. 7 - Prob. 2BTNCh. 7 - Prob. 3BTNCh. 7 - Prob. 4BTN
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