Accounting information systems?
1.Which of the following describes an accounting information system?
I.Paper-based journals and ledgers with manually generated financial statements
II.A general ledger package, such as Peachtree, that also includes modules for manufacturing and purchasing
III.Your checkbook
a.I and II
b.II and III
c.I and III
d.I, II and III
The correct answer is d)
All 3 are systems of records a business may keep to maintain its accounting system. This includes the purchase, sales, and other financial processes of the business.
Remember, the purpose of an AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information.
Mifos Peachtree Accounting Integration