The Purchases Journal is the same in both the periodic and perpetual systems.
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Q1: Accounting information systems collect and process data
Q2: Because accounting information systems are so accurate,
Q4: Enterprise-application software packages keep the programs that
Q6: A special journal is an all-purpose journal
Q7: Computer hardware is the programs that direct
Q8: The periodic system does not record the
Q9: Source documents are a group of components
Q10: When posting from special journals all debit
Q11: Accounting information systems are designed to capture
Q20: A management information system (MIS) is designed
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