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Accounting Information Systems 8th Edition by James Hall
Edition 8ISBN: 978-1111972141Accounting Information Systems 8th Edition by James Hall
Edition 8ISBN: 978-1111972141 Exercise 32
Which statement is NOT true?
A) Business activities begin with the acquisition of materials, property, and labor in exchange for cash.
B) The conversion cycle includes the task of determining raw materials requirements.
C) Manufacturing firms have a conversion cycle but retail firms do not.
D) A payroll check is an example of a product document of the payroll system.
E) A journal voucher is actually a special source document.
A) Business activities begin with the acquisition of materials, property, and labor in exchange for cash.
B) The conversion cycle includes the task of determining raw materials requirements.
C) Manufacturing firms have a conversion cycle but retail firms do not.
D) A payroll check is an example of a product document of the payroll system.
E) A journal voucher is actually a special source document.
Explanation
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Verified
It's a myth that retail firms do not con...
Accounting Information Systems 8th Edition by James Hall
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