Accounting information systems have five generic elements.Which of the following includes two examples of the same element?
A)Form W-4, Form W-2
B)Form W-2, Form 1099
C)Form W-4, Form 1099
D)All of these

Question

Quizplus · Accepted Answer

The two examples in choice B (Form W-2 and Form 1099) both represent the element of "output" in an accounting information system. Form W-2 is an output that provides information to employees about their wages and taxes withheld, while Form 1099 is an output that provides information to independent contractors and other non-employees about their income from a company. Form W-4 and Form W-2 (choice A) represent the element of "input" in an accounting information system, while Form W-4 and Form 1099 (choice C) represent the elements of "input" and "output", respectively. Choice D is incorrect because not all of the elements are represented by all of the choices.

Accounting Information Systems Have Five Generic Elements