Eugene is a self-employed business owner.In February 2011, he gathered together his income and expense records for 2010.He used them, along with appropriate software, to prepare his tax return, which he then transmitted to the Internal Revenue Service.Has Eugene used an accounting information system based on the definition provided in the text?
A)Yes, because he used software to prepare his tax return.
B)Yes, because all elements of the definition are present.
C)No, because all accounting information systems must produce general purpose financial statements.
D)No, because no internal decision maker is mentioned.

Question

Quizplus · Accepted Answer

Eugene has used an accounting information system as it involves the collection, storage, and processing of financial and accounting data used by decision-makers, which is evident from his actions of gathering income and expense records, using software to prepare his tax return, and transmitting it to the IRS.

Eugene Is a Self-Employed Business Owner