7:46 1 Answer the below statements by stating (True or False) only. a. An accounting information system should be cost effective; that is, the benefits of the information must outweigh the cost of providing it. b. An accounting system has flexibility if it is able to be used by many different companies at the same time. c. General ledger accounting systems are software programs that integrate the various accounting functions related to sales, purchases, cash receipts and disbursements, and payroll. d. Enterprise resource planning systems integrate all aspects of the organization, including accounting, sales, human resource management, and manufacturing. e. Special journals are used to record unique transactions which do not ocur very often. f. A cash receipts journal can be used to record all transactions involving cash coming into the business, regardless of the source. g. The cash payments journal only has one column because require a credit to the Cash account. entries recorded in this journal h. A cash payments journal should not be used to record transactions which require payment by .check

7:46 1 Answer the below statements by stating (True or False) only. a. An accounting information system should be cost effective; that is, the benefits of the information must outweigh the cost of providing it. b. An accounting system has flexibility if it is able to be used by many different companies at the same time. c. General ledger accounting systems are software programs that integrate the various accounting functions related to sales, purchases, cash receipts and disbursements, and payroll. d. Enterprise resource planning systems integrate all aspects of the organization, including accounting, sales, human resource management, and manufacturing. e. Special journals are used to record unique transactions which do not ocur very often. f. A cash receipts journal can be used to record all transactions involving cash coming into the business, regardless of the source. g. The cash payments journal only has one column because require a credit to the Cash account. entries recorded in this journal h. A cash payments journal should not be used to record transactions which require payment by .check

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter16: The General Ledger And Business Reporting (gl/br) Process

Section: Chapter Questions

Problem 4P

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