An account is a part of the ﬁnancial information system and is described by all except which one of the following?
A) An account has a debit and credit side
B) An account consists of three parts
C) An account has a title
D) An account is a source document

Question

Quizplus · Accepted Answer

An account is not a source document; it is a record in the financial information system. Source documents are the original records (like invoices, receipts, checks) that contain the details of a transaction that are then recorded in accounts.

An Account Is a Part of the ﬁNancial Information System