accounting number 2 – Flashcards
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processing systems
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means by which the system collects, summarizes, and reports accounting information.
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supply chain management (SCM)
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Internet applications to plan supply needs and coordinate suppliers.
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QuickBooks
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A popular computerized accounting software
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Customer relationship management
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Internet applications to plan and coordinate marketing and sales efforts
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What column would be used in a purchases journal for a lawn service company?
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Accounts payable credit
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An advantage of using a computer system is
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the simultaneously updating of customer or vendor subsidiary ledgers
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The subsidiary ledger that tracks customers is the
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accounts receivable ledger
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A computerized accounting system
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allows the generation of several types of reports to meet the needs of stakeholders.
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an accounting system
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The methods and procedures for collecting, classifying, summarizing, and reporting financial information make up
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Cash receipts journal
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a common special journal to record cash sales
