Which of the following accounting information system activities is completed when merchandise inventory is sold?
A)preparation and payment of payroll
B)processing of sales invoice
C)receipt of goods or services
D)payment for goods or services

Question

Quizplus · Accepted Answer

When merchandise inventory is sold, the accounting information system activity that is completed is the processing of a sales invoice. This is the document that records the sale and provides details such as the date of sale, the customer’s name and address, the quantity and price of the items sold, and any applicable discounts or taxes. This information is used to update the company’s records and accounts, such as the revenue account and the accounts receivable account. The preparation and payment of payroll, receipt of goods or services, and payment for goods or services are all separate activities that are not directly related to the sale of merchandise inventory.

Which of the Following Accounting Information System Activities Is Completed