Computerized Accounting Systems Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated at the top of Exhibit 7. a. Which of the following would NOT be a key input field (space) in an electronic invoice form. Customer name, Invoice Number, Amount of cost of merchandise sold, or Amount revenue b. What accounts are posted from an electronic invoice? Cash and fees earned, Accounts Payable and fees earned, Cash and Accounts receivable, or Accounts Receivable and fees earned c. Are special journal totals posted to control accounts at the end of the month in an electronic accounting system? YES OR NO
Computerized Accounting Systems Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated at the top of Exhibit 7. a. Which of the following would NOT be a key input field (space) in an electronic invoice form. Customer name, Invoice Number, Amount of cost of merchandise sold, or Amount revenue b. What accounts are posted from an electronic invoice? Cash and fees earned, Accounts Payable and fees earned, Cash and Accounts receivable, or Accounts Receivable and fees earned c. Are special journal totals posted to control accounts at the end of the month in an electronic accounting system? YES OR NO
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter9: Accounting For Purchases And Cash Payments
Section: Chapter Questions
Problem 5AP
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Computerized Accounting Systems
Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated at the top of Exhibit 7.
a. Which of the following would NOT be a key input field (space) in an electronic invoice form.
Customer name, Invoice Number, Amount of cost of merchandise sold, or Amount revenue
b. What accounts are posted from an electronic invoice?
Cash and fees earned, Accounts Payable and fees earned, Cash and Accounts receivable , or Accounts Receivable and fees earned
c. Are special journal totals posted to control accounts at the end of the month in an electronic accounting system?
YES OR NO
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