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Chris Perez
on Nov 09, 2024

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The system within a business for converting raw data from source documents (like invoices, sales receipts, bills, and checks) into information that will help a manager make business decisions is known as a/an ______.

A) computer system
B) accounting system
C) record system
D) data system

Accounting System

A systematic process of recording, reporting, and analyzing financial transactions of a business.

Data from Source Documents

Information collected from original records or documents used for analysis or decision-making.

Raw Data

Unprocessed and unanalyzed information collected from observations, measurements, or responses, often the initial step before analysis or interpretation.

  • Understand the role and importance of an accounting system in a business setting.
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Simran AroraNov 10, 2024
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