Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization. Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work. To identify: Relevance of accounting and technology.

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Answer 1

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Chapter 1, Problem 2DQ

To determine

Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work.

To identify: Relevance of accounting and technology.

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Technology is increasingly used to process accounting data. Why then must we study and understand accounting?

Accounting data is progressively being processed using technology. So, why do we need to learn and comprehend accounting?

Answer 2

Question

Chapter 1, Problem 2DQ

To determine

Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work.

To identify: Relevance of accounting and technology.

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Answer 3

Question

Chapter 1, Problem 2DQ

To determine

Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work.

To identify: Relevance of accounting and technology.

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Answer 4

Question

Chapter 1, Problem 2DQ

To determine

Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work.

To identify: Relevance of accounting and technology.

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Answer 5

Chapter 1, Problem 2DQ

To determine

Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work.

To identify: Relevance of accounting and technology.

Answer 6

Chapter 1, Problem 2DQ

To determine

Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work.

To identify: Relevance of accounting and technology.

Answer 7

Chapter 1, Problem 2DQ

To determine

Accounting: Accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity. Accounting is one of the major activities done in any organization, accounting is necessary to see the present as well as the future position of an organization.

Technology: Technology is a science of doing activities in easy way instead of complex procedure. The presence of technology can be seen in daily life, like use of mobile phone to communicate, use of washing machine to wash clothes, use of computer to complete work.

To identify: Relevance of accounting and technology.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 1 - Prob. 1MCQ Ch. 1 - Prob. 2MCQ Ch. 1 - If the assets of a company increase by $100,000...Ch. 1 - Brunswick borrows $50,000 cash from Third National...Ch. 1 - Geek Squad performs services for a customer and...Ch. 1 - Prob. 1DQ Ch. 1 - Prob. 2DQ Ch. 1 - Identify four kinds of external users and describe...Ch. 1 - Prob. 4DQ Ch. 1 - Prob. 5DQ

Solution Summary: The author explains that accounting is the technique of recording the financial events and transaction occurring in a business while doing any business activity.

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