Figure 8.1 in the chapter shows that an accounting system works on a cycle to convert raw data into usable information for making decisions about operating a small business.

Question

Quizplus · Accepted Answer

Figure 8.1 in the chapter illustrates the accounting cycle, which is a process that converts raw data into usable information for decision-making in small businesses. Therefore, the statement is true.

Figure 81 in the Chapter Shows That an Accounting System Works