The flow of financial data through the accounting information system does NOT include
A) analyzing transactions.
B) journalizing and posting transactions.
C) preparing a trial balance.
D) receiving payment for all accounts receivable.

Question

Quizplus · Accepted Answer

Receiving payment for all accounts receivable is a separate function of the accounting information system and is not directly related to the flow of financial data. The flow of financial data typically involves analyzing transactions, journalizing and posting them to the appropriate accounts, and preparing a trial balance to ensure the debits and credits are equal.

The Flow of Financial Data Through the Accounting Information System