The four business processes in an accounting information system are revenue, purchasing, inventory, and investment.
Correct Answer:
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Q40: Assume a firm has paid an invoice
Q41: File maintenance is a routine process that
Q42: Only one status or activity report may
Q43: The transaction data in the general journal
Q44: All transaction data are classified by the
Q46: The cash receipts transaction file is used
Q47: A new account is added to the
Q48: A cash sale is recorded in only
Q49: Any organization that provides goods or services
Q50: One of the subsystems of the purchasing
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