Accounting information systems have five generic elements. Which of the following includes two examples of the same element?

Question

Quizplus · Accepted Answer

The five generic elements of accounting information systems are inputs, processes, outputs, storage, and internal controls. Form W-2 and Form 1099 are both examples of outputs, which provide information to employees and contractors about their earnings and tax withholdings. Form W-4 is an example of an input, which is information provided by employees to their employers to establish tax withholdings. Therefore, option A and C are incorrect because they include examples of different elements (an input and an output). Option D is also incorrect because only option B includes two examples of the same element (outputs).

Accounting Information Systems Have Five Generic Elements