Explain principles of accounting information system

Question

Question 1: What Is Manual Accounting?

Question 2: How do you balance your finances? Do you get a pen and paper and write everything out, or do you use a computer? Which method would be the best method for you? Businesses ask themselves the same question.

Question 3: What is an Accounting Information System (AIS)?

Question 4: Explain Principles of Accounting Information System are follow?

a) Cost-effectiveness

b) Useful Output/ Necessity

c) Flexibility

Question 5: What are the four functions associated with payroll activities?

Question 6: What is a Subsidiary Ledger? And advantages of Subsidiary Ledgers?

Question 7: What Are the Basic Phases of Accounting?

Question 8: What are the four steps involved in finding differences between the balance per books and balance per bank?

Question 9: Discuss the Importance of Internal Controls in Accounting?

Question 10: What are the essential features of the allowance method of accounting for bad debts?

Question 11: To have maximum effective internal control over cash disbursements is this true explain true?

Question 12: Compare affects cash dividend and stock dividend on a balance sheet?

Question 13: What are payroll internal controls?

Question 14: What is the difference between Accounts Receivable and Notes Receivable?

Question 15: What Is Contingent Liability? How Recording a Contingent Liability?

Question 16: What is a long-term liability?

Question 17: Explain Disadvantages/Demerits of Long Term Loans.

Question 18: How do the financial statements for a corporate differ from the statement for a proprietorship?

Question 19: What is Investment Cost?

Question 20: Why do corporation invest securities?

Question 21: Why corporations invest in stock corporations invest?

Question 22: Distinguish between the cost and equity methods of accounting for investments in stocks?

Question 23: Distinguish between short-term and long-term investments?

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