An output of the accounting system that can be used as an input in a different part of the accounting system is referred to as:
A)Round table document
B)Source document
C)Turnaround document
D)Financial report

Question

Quizplus · Accepted Answer

A turnaround document is a type of document that is created as an output of one part of an accounting system but can be used as an input in a different part of the same system. It is called a "turnaround" document because it is sent back (turned around) through the system to be used in a different part of the process. Round table documents are not a recognized term in accounting and financial report is a general term that can refer to a variety of outputs from the accounting system. Source documents are inputs to the accounting system, not outputs.

An Output of the Accounting System That Can Be Used