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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

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.

 

Here is a tip:

The same information that is present in a manual invoice form is required in an electronic invoice form.

 

b. What accounts are posted from an electronic invoice form?

 

Here is a tip:

An electronic invoice form is recorded the same way as in a manual invoice form.

 

c. Why aren't special journal totals posted to control accounts at the end of the month in an electronic accounting system?

 

Here is a tip:

The technology behind electronic forms is aimed at achieving efficiency within the process.

Apr 13 2021 View more View Less

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