Many modern accounting software packages offer separate transaction cycle modules.What is the reason for this?
A)Every organization does not need to implement all of the available transaction cycle modules.
B)Most businesses do not need the revenue cycle module as part of their AIS.
C)The nature of a given transaction cycle is the same irrespective of the type of organization.
D)A properly designed AIS does not use the concept of separate business transaction cycles to process transactions.

Question

Quizplus · Accepted Answer

Different organizations have different needs and therefore not all organizations require all the available transaction cycle modules. Offering separate modules allows organizations to select and implement only the modules that are relevant to their business processes.

Many Modern Accounting Software Packages Offer Separate Transaction Cycle Modules