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Q: How can computerized accounting help improve the reliability and flexibility of any manual…

A: Accounting is the process of recording the financial transaction to ascertain the financial position…

Q: When does an accounting information system becomes useful?  What is the relevance of having…

A: 1.When does an accounting information system becomes useful? 2. What is the relevance of having…

Q: Namespaces must be declared at the beginning of an XBRL do

A: Answer: The Internet address(URL)  where an XBRL taxonomy "lives". Name spaces must be declared at…

Q: Why is accounting a service activity and also a process or system?

A: Accounting is adopted by every business irrespective of its nature.

Q: Accounting information systems are: A. Record, process, and output information. B. Always…

A: Accounting refers to the process of recording the financial transactions of a business. Accounting…

Q: Differentiate between manual accounting and computerized accounting.

A: Comparison Chart   BASIS FOR COMPARISON MANUAL ACCOUNTING COMPUTERIZED ACCOUNTING Meaning…

Q: explain the differences among business processes, information systems and applications. State the…

A: Business process: A business process is a series of steps to accomplish a concrete purpose carried…

Q: Explain the accounting processing cycle.

A:

Q: What document is used to determine which tables of data are necessary?

A:

Q: What are some feature of integrated Accounting Software programs?

A: Integrated Accounting Software programs are applications that can perform multiple accounting…

Q: Explain the two components of a computerized accounting information system.

A: Computerized Accounting Information System:   Computerized accounting information are software…

Q: All of the following functions are normally found within an organization's sales/collection except:…

A: An entity involved in sale of merchandise has to keep a track of multiple functions such as receipt…

Q: differentiate internal user from external user of accounting information

A: Accounting is the detailed process of recording, classifying, summarising and reporting accounting…

Q: Question: What is an Accounting Information System (AIS) ? discuss any four points.

A: Modern businesses require relevant, timely, and high-quality details concerning their internal…

Q: How does accounting provide important data to a. Internal users b. External users

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: The Financial position graph is suitable for Select one: O a. Data Input O b. Data Process O c.…

A: Financial Position depicts the position and status of recorded assets, liabilities, and equity of…

Q: which internal users need the accounting information

A: Accounting information data is the data that emerges from business exchanges. When distinguished,…

Q: Explain what is meant by the term management by exception (see, for example:…

A: Management by exception is referred to as a style of business management where the focus is on…

Q: What is receivable management? Explain it?

A: The receivable management is the process of managing and tract the account receivable, especially it…

Q: Explain how the E-R diagrams is used to prepare database tables. Also, include explanation of…

A: ER diagram stands for "Entity Relationship", which can be defined as a type of flowchart that is a…