Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario. To find: The benefits of effective accounting information system

Question

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Answer 1

Question

Chapter B, Problem 1QC

To determine

Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario.

To find: The benefits of effective accounting information system

Expert Solution & Answer

Answer to Problem 1QC

Compatibility

Explanation of Solution

Explanation for incorrect answer:

Option a is incorrect as flexibility is about where organization manages with unexpected changes in the business activities along the passage of time.
Option b is incorrect as accounting information system provides relevant information towards effective decision making. This help to reduce the future uncertainties.
Option d is incorrect as compatibility develops harmony between the employees and organizational structure.

Explanation for correct answer:

Option a is correct as the control system helps the accounting process towards preventing accounting data from frauds and errors.

Conclusion

Hence, the correct answer is option c.

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Answer 2

Question

Chapter B, Problem 1QC

To determine

Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario.

To find: The benefits of effective accounting information system

Expert Solution & Answer

Answer to Problem 1QC

Compatibility

Explanation of Solution

Explanation for incorrect answer:

Option a is incorrect as flexibility is about where organization manages with unexpected changes in the business activities along the passage of time.
Option b is incorrect as accounting information system provides relevant information towards effective decision making. This help to reduce the future uncertainties.
Option d is incorrect as compatibility develops harmony between the employees and organizational structure.

Explanation for correct answer:

Option a is correct as the control system helps the accounting process towards preventing accounting data from frauds and errors.

Conclusion

Hence, the correct answer is option c.

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Answer 3

Question

Chapter B, Problem 1QC

To determine

Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario.

To find: The benefits of effective accounting information system

Expert Solution & Answer

Answer to Problem 1QC

Compatibility

Explanation of Solution

Explanation for incorrect answer:

Option a is incorrect as flexibility is about where organization manages with unexpected changes in the business activities along the passage of time.
Option b is incorrect as accounting information system provides relevant information towards effective decision making. This help to reduce the future uncertainties.
Option d is incorrect as compatibility develops harmony between the employees and organizational structure.

Explanation for correct answer:

Option a is correct as the control system helps the accounting process towards preventing accounting data from frauds and errors.

Conclusion

Hence, the correct answer is option c.

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Answer 4

Question

Chapter B, Problem 1QC

To determine

Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario.

To find: The benefits of effective accounting information system

Expert Solution & Answer

Answer to Problem 1QC

Compatibility

Explanation of Solution

Explanation for incorrect answer:

Option a is incorrect as flexibility is about where organization manages with unexpected changes in the business activities along the passage of time.
Option b is incorrect as accounting information system provides relevant information towards effective decision making. This help to reduce the future uncertainties.
Option d is incorrect as compatibility develops harmony between the employees and organizational structure.

Explanation for correct answer:

Option a is correct as the control system helps the accounting process towards preventing accounting data from frauds and errors.

Conclusion

Hence, the correct answer is option c.

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Answer 5

Chapter B, Problem 1QC

To determine

Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario.

To find: The benefits of effective accounting information system

Expert Solution & Answer

Answer to Problem 1QC

Compatibility

Explanation of Solution

Explanation for incorrect answer:

Option a is incorrect as flexibility is about where organization manages with unexpected changes in the business activities along the passage of time.
Option b is incorrect as accounting information system provides relevant information towards effective decision making. This help to reduce the future uncertainties.
Option d is incorrect as compatibility develops harmony between the employees and organizational structure.

Explanation for correct answer:

Option a is correct as the control system helps the accounting process towards preventing accounting data from frauds and errors.

Conclusion

Hence, the correct answer is option c.

Answer 6

Chapter B, Problem 1QC

To determine

Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario.

To find: The benefits of effective accounting information system

Expert Solution & Answer

Answer to Problem 1QC

Compatibility

Explanation of Solution

Explanation for incorrect answer:

Option a is incorrect as flexibility is about where organization manages with unexpected changes in the business activities along the passage of time.
Option b is incorrect as accounting information system provides relevant information towards effective decision making. This help to reduce the future uncertainties.
Option d is incorrect as compatibility develops harmony between the employees and organizational structure.

Explanation for correct answer:

Option a is correct as the control system helps the accounting process towards preventing accounting data from frauds and errors.

Conclusion

Hence, the correct answer is option c.

Answer 7

Chapter B, Problem 1QC

To determine

Accounting Information System (AIS): It is a computer-based system used by decision makers to collect, organize, and report large amounts of accounting information in order to fulfill the current requirements of present business scenario.

To find: The benefits of effective accounting information system

Answer 8

Expert Solution & Answer

Answer to Problem 1QC

Compatibility

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Explanation for incorrect answer:

Option a is incorrect as flexibility is about where organization manages with unexpected changes in the business activities along the passage of time.
Option b is incorrect as accounting information system provides relevant information towards effective decision making. This help to reduce the future uncertainties.
Option d is incorrect as compatibility develops harmony between the employees and organizational structure.

Explanation for correct answer:

Option a is correct as the control system helps the accounting process towards preventing accounting data from frauds and errors.

Answer 12

Conclusion

Hence, the correct answer is option c.

Answer 13

Ch. B - Prob. 1QC Ch. B - Prob. 2QC Ch. B - Prob. 3QC Ch. B - Prob. 4QC Ch. B - Prob. 5QC Ch. B - Centex Sound Systems purchased merchandise...Ch. B - Every transaction recorded in the cash payments...Ch. B - Prob. 8QC Ch. B - Prob. 9QC Ch. B - What is an accounting information system (AIS)?

Answer to Problem 1QC

Explanation of Solution

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Chapter B Solutions