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1. Components of a computerized accounting information system:
An accounting information system is used by various stakeholders and decision makers to collect, process, summarize, report different kind of financial and accounting data for day to day business activities. It can be either manual system or computer based system. In a computerized accounting information system the data can be processed accurately and quickly when compared to manual accounting system.
Computerized accounting information system is a set of software programs that are stored and accessible on a computer server or network. Generally computer based
To indicate: Components of Computerized accounting information system:
2. To indicate: Examples of each component :
3. To discuss: Entry level software system :
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Chapter 7 Solutions
ACCOUNTING PRINCIPLES 122 5/16 >C<
- I don't need ai answer general accounting questionarrow_forwardAnswer? ? Financial accounting questionarrow_forwardData for the two departments of Gurley Industries for September of the current fiscal year are as follows: Drawing Department Winding Department Work in process, September 1 4,900 units, 20% completed 3,000 units, 65% completed Completed and transferred to next processing department during September 67,100 units 66,000 units Work in process, September 30 3,700 units, 55% completed 4,100 units, 20% completed Production begins in the Drawing Department and finishes in the Winding Department. Question Content Area a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September for the Drawing Department. If an amount is zero, enter in "0". Drawing DepartmentDirect Materials and Conversion Equivalent Units of ProductionFor September Line Item Description Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process,…arrow_forward
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- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
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