FUND.ACCT.PRIN.
FUND.ACCT.PRIN.
25th Edition
ISBN: 9781260247985
Author: Wild
Publisher: RENT MCG
Question
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Chapter 7, Problem 1QS
To determine

Concept Introduction:

Accounting information System:

An information system takes the raw data as input converts into the meaningful information by processing it. The accounting information system takes source documents and input using the input devices and Processes it into the information and delivers it using the output devices. The components of an accounting information system are as follows:

  • Source Document
  • Input Devices
  • Information Processors
  • Information Storage
  • Output devices

The type of component for each of the component given

Expert Solution & Answer
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Explanation of Solution

The type of component for each of the component given is explained as follows:

    ComponentType
    1. Computer KeyboardComputer Keyboard is used as input device to enter the data into the systemB. Input Device
    2. PrinterPrinter is used as output device to get the information from the systemE. Output devices
    3. Monitor Monitor is used as output device to get the information from the systemE. Output devices
    4. Bank StatementBank Statement is a source document to process the reportsA. Source Documents
    5. Ledger Software Ledger Software is a information processing softwareC. Information Processors
    6. Cloud storage Cloud storage is a storage place for information D. Information Storage
    7. Journal SoftwareJournal Software is a information processing softwareC. Information Processors
    8. Invoice from supplierInvoice is a source document to process the reportsA. Source Documents
    9. Computer ScannerComputer Scanner is used as input device to enter the data into the systemB. Input Device
    10. Filing cabinet Filing cabinet is a storage place for information D. Information Storage

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Chapter 7 Solutions

FUND.ACCT.PRIN.

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