An output of the accounting system that can be used as an input in a different part of the accounting system is referred to as:
A)Round table document
B)Source document
C)Turnaround document
D)Financial report

Question

An output of the accounting system that can be used as an input in a different part of the accounting system is referred to as:
A)Round table document
B)Source document 
C)Turnaround document
D)Financial report

Quizplus · Accepted Answer

A turnaround document is an output of one part of the accounting system that serves as an input in another part of the system after processing. It is designed in a way that the information is entered once and then used multiple times throughout the accounting system. The other options do not fit this definition. A source document is typically an input into the accounting system, not an output. A round table document is not a commonly used accounting term. A financial report is an output of the accounting system but is not typically used as an input to another part of the system.

An Output of the Accounting System That Can Be Used