Some events are NOT recorded in the accounting information system because
A) the service has been provided but the cash has not yet been received.
B) the service has not been provided but the cash has already been received.
C) their measurement is too complex.
D) the amounts are not material.

Question

Quizplus · Accepted Answer

Events that are not recorded in the accounting information system are those whose measurement is too complex. These events may involve intangible assets, contingencies, and other difficult-to-measure items that cannot be easily quantified or reliably estimated, and therefore cannot be accurately recorded in the financial statements.

Some Events Are NOT Recorded in the Accounting Information System