Accounting information systems have five generic elements. Which of the following pairs includes examples of two different elements within the context of the acquisition / payment process?
A)Purchase requisition and schedule of accounts payable
B)Journal entry that debits inventory and credits cash
C)Separation of duties and a blind copy of the receiving report
D)All of the above

Question

Quizplus · Accepted Answer

The purchase requisition is an example of the data element, which refers to the information that is collected, stored, processed, and transmitted by the accounting information system. On the other hand, the schedule of accounts payable is an example of the output element, which includes reports and other types of output that are generated by the system. Both of these elements are part of the acquisition/payment process.

Accounting Information Systems Have Five Generic Elements