Why does a student need to understand how to use a manual, paper-based accounting information system since everyone uses computerized systems?
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Why does a student need to understand how to use a manual, paper-based
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- Why does a student need to understand how to use a manual, paper-based accounting information system since everyone uses computerized systems?Answer each of the questions below. Due by Wednesday at 11:59 pm. What are a few of the main advantages of the use of special journals? Now that things are more computerized what happens to the special journal in a computerized accounting system that uses electronic forms? Do you feel that the computerized accounting system will soon take over the need for full time accountants?Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated at the top of Exhibit 7 in this chapter.a. Identify the key input fields (spaces) in an electronic invoice form.b. What accounts are posted from an electronic invoice form?c. Why aren’t special journal totals posted to control accounts at the end of the month in an electronic accounting system?
- Good evening I need assistance with my Grade 10 Accounting Assignment please. I need to post the attached in the different ledgers in accounting.Identify the various users of accounting information and state how this information can benefit them. Your response should be no more than one page or no more than 200 words. It must reflect evidence of research. 2. Post your reflection in the student tutor exchange forum and critically respond to the posting of one of your peers.You are required to write a essay for no less that 300 words on all the users of accounting infornation. Why do they need accounting information? 1. Investors 2. Employees and labour unions 3. Lenders 4. Suppliers 5. Suppliers and other trade creditors 6. Customers 7. Governments and their agencies 8. The general public 9. Managment
- LO 7.1 Why does a student need to understand how to use a manual, paper-based accounting information system since everyone uses computerized systems?Select all of the source documents: Group of answer choices Check written for office supplies Invoice from a supplier of inventory - Yes Payroll check - Yes Time card - Yes Computer software Keyboard Grocery store barcode scanner - Yes Printer Flash drive Hard drive - Yes The cloud Computer screen Am I missing any?With the information given from the first picture, I need the general ledger filled out, although with how the second pictures showing the layout. I need the transaction of the general ledger in cash, office supplies, office equipment, accounts payable, Diane Bernick capital, Diane Bernice drawing, consulting fees, wage expense, rent expense, phone expense, utilities expense, and miscellaneous expense, thank you!
- a) Define the term accounitng, explain any five types of accounting informationusers using five different types of industires and how their accounting information would be relevant to decision. b) What do you understand by the term booking, explain the process of bookkeeping to be aopted by a petty trader and the likely summarized doucuments that can come out of the book keeping process? c) The process of preparing accounting records require care and good practice, explain to Maame Monkuah the characteristics of information needed to prepare a balance sheet or profit and loss acccount.Do you agree to the student answer to this question Buddy Dupree is the accounting manager for On-Time Geeks, a tech support company for individuals and small businesses. As part of his job, Buddy is responsible for preparing the company’s trial balance. His supervisor placed a “hard deadline” of Friday at 5p.m. for the completion of the trial balance. Unfortunately, Buddy was unable to get the trial balance to balance by the due date. The credit side of the trial balance exceeded the debit side by $3,000. To make the deadline, Buddy decided to add $3,000 debit to the vehicles account balance. He selected the vehicles account because it will not be significantly affected by the additional $3,000. Questions: Is Buddy behaving ethically? Why or why not? Who is affected by Buddy’s decision? How should Buddy have handled this situation? Businesses, proprietors, and or individuals, are entrusting that when someone is put into a position such as an accounting manager they are going…Accounting professionals apply many technology tools to aid them in their everyday tasks and decision making. The General Ledger tool in Connect automates several of the procedural steps in the accounting cycle so the accounting professional can focus on the impacts of each transaction on the full set of financial statements. use this tool in helping students see the advantages of technology and, in particular, the power of the General Ledger tool in accounting practice, including financial analysis and “what-if” scenarios. How much are total expenses for Apple for the current year?
