Organizations design and implement accounting information systems to capture the details of transactions involved in each business.
<h3>What is accounting information?</h3>
Accounting information is fed into an accounting information system that uses computers to process data. It records and tracks all the accounting activity of the business by making use of information technology systems and resources.
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Answer:
Inventory at the end of march will be 150
Explanation:
We have given inventory at the end of April = 200 units
Expected demand during April = 50 units
Production expected during April = 100 units
We have to find the inventory at the end of march
Inventory at the end of April is given by
Inventory at the end of April = production in april - demand in april + inventory of march
So 200 = 100 - 50 + inventory of march
So inventory of march = 150
Answer: Option C
Explanation:
A. As per the general principles of accounting expenses are recorded on the debit side thus they are increases when debit transaction is made.
B. Transactions involving liabilities are recorded on credit side of the accounts.
C. Revenues are recorded on credit side of the transactions thus revenues increased when accounts are credited.
D. Transactions involving purchase of assets are recorded on debit side thus debit transactions increases debits.
I believe it's the subject line.
Hope this helps. :)
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