Concept explainers
(a)
The Accounting Information System is a system that a business uses for collecting, storing, and processing the data of the accounting transactions and provides the financial information to the decision makers.
Accounting information cycle:
Figure (1)
To indicate: The proper flow of accounting information, as Person B is confused about the accounting information flows.
(b)
To indicate: The proper flow of accounting information, as Person B is confused about the accounting information flows.
(c)
To indicate: The proper flow of accounting information, as Person B is confused about the accounting information flows.
(d)
To indicate: The proper flow of accounting information, as Person B is confused about the accounting information flows.
(e)
To indicate: The proper flow of accounting information, as Person B is confused about the accounting information flows.
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FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
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