An accounting information system is defined by the text as a set of three interrelated elements.Which of the following choices best gives an example of each element?
A)Buying inventory, selling inventory, balance sheet
B)Buying inventory, sales invoice, general ledger software
C)Selling inventory, sales invoice, balance sheet
D)Selling inventory, writing a check, general ledger software

Question

Quizplus · Accepted Answer

- Buying inventory is an example of the transaction processing element.
- Sales invoice is an example of the information processing element.
- General ledger software is an example of the information storage and retrieval element.

An Accounting Information System Is Defined by the Text as a Set