Accounting information systems have five generic parts. Outputs of the acquisition / payment process can include:
A)Schedule of accounts payable.
B)Checks.
C)Both A and B.
D)Neither A nor B.

Question

Quizplus · Accepted Answer

The acquisition/payment process involves obtaining goods and services from external sources and recording and paying for them. The outputs of this process can include a schedule of accounts payable, which lists the amounts owed to vendors, as well as checks that are written to pay those debts. Therefore, both options A and B are correct.

Accounting Information Systems Have Five Generic Parts