What important information, related to the accounting equation, is captured by accounting information systems? How does this information get translated to the financial statements? Is it necessary for the accounting information systems to record debits and credits? Why or why not?
Why do some organizations continue to use both manual and computerized systems? What are the problems associated with dependence on human information processing and paper documentation?© BrainMass Inc. brainmass.com June 4, 2020, 4:02 am ad1c9bdddf
Accounting information systems are very important in relation to the accounting equation because these systems automatically assign each transaction to its proper place as an asset, liability, or equity. In addition, when you record any checks received, the system will automatically place the receipt of funds into a revenue/sales ...
The importance information which is captured by accounting information systems are determined. How the information gets translated to the financial statements are determined. Why organizations continue to use both manual and computerized systems are determined.