Accounting information systems have five generic elements.Which of the following would most appropriately be labeled "storage" within the context of the sales/collection process?
A)A paper file of outstanding customer invoices
B)An electronic database of sales transactions
C)Both a paper file of outstanding customer invoices and an electronic database of sales transactions
D)Neither a paper file of outstanding customer invoices nor an electronic database of sales transactions

Question

Quizplus · Accepted Answer

Both a paper file of outstanding customer invoices and an electronic database of sales transactions serve as storage elements in the sales/collection process, as they hold data that can be retrieved and used for future reference.

Accounting Information Systems Have Five Generic Elements