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