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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

“Pre-billing sounds like the type of process used for catalog and Internet sales.” Do you agree? Discuss fully.

Summary Introduction

To explain: If Person X agrees with the statement.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation

The view of Person X:

Person X does not agree with the statement. The internet and catalog sales are normally done with a debit or credit card and don’t need an invoice. There is billing to the card issuer. But there is no billing to the customer. The remaining parts of the pre-billing process are used in the catalog and internet sales...

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