A journal entry in a view-driven AIS debits equipment for $10,000, credits cash for $2,000 and credits notes payable for $8,000. Which of the following pieces of data would you expect to see in an event-driven AIS but not in the view-driven AIS?
A)The transaction date
B)The expected life of the equipment
C)Both A and B
D)Neither A nor B

Question

Quizplus · Accepted Answer

An event-driven AIS would include additional details like the expected life of the equipment, which is relevant for future events like depreciation, whereas a view-driven AIS focuses on the immediate financial transaction.

A Journal Entry in a View-Driven AIS Debits Equipment for $10,000