Accounting information systems have five generic elements. Which of the following pairs includes two examples of the same element within the context of the acquisition / payment process?
A)Purchase order and schedule of accounts payable
B)Purchase order and adequate documentation
C)Schedule of accounts payable and adequate documentation
D)All of the above

Question

Quizplus · Accepted Answer

Both the purchase order and schedule of accounts payable are examples of documents used in the acquisition/payment process. They are both part of the documentation necessary for recording and processing transactions related to purchasing goods and services.

Accounting Information Systems Have Five Generic Elements