Thursday, December 15, 2011

An account is a part of the financial information system n is described by all except which 1 of the following

a)An account is a source document.





b)An account has a debit and credit side.





c)An account consists of three parts.





d)An account has a title.|||An account is NOT a source document, but source documents can get posted to an account.





An account typically includes debit and credit support.





The number of parts of an account depends on the sophistication of the financial system ... where I work, each account has scores of fields of data.





An account typically has one or more descriptive titles. The computer system is such that an incompetent employee could leave the title blank, or the same as some other account.

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