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The Accounting System The major purpose of the accounting system is to help managers make decisions, so managers need to understand how the accounting system

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The Accounting System The major purpose of the accounting system is to help managers make decisions, so managers need to understand how the accounting system works and how accounting information within that system is categorized Accounting information is categorized as Inputs, processing, or outputs. This activity is important because organizations use different types of accounting information to make business decisions. They also report this information to interested stakeholders The goal of this activity is to differentiate among these different types of accounting information. Instructions: Accounting information is categorized as inputs, processing or outputs. Select the hppropriate category for each type of accounting information listed 1. Sales Documents Click to select 2. Journal Entries Entries Inputs 3. Payroll Records Click to select) 4 Travel Records Cack to select 5. Income Statement Click to select) 6. Posting to Accounts The goal of this activity is to differentiate among these different types of accounting information Instructions: Accounting information is categorized as inputs, processing, or outputs. Select the appropriate category for each type or accounting information listed 1 Sales Documents Click to select) 2. Journal Entries Inputs 3. Payroll Records Click to select 4. Travel Records Click to select 5. Income Statement Click to select) 6. Posting to Accounts (Click to select) 7 Balance Sheet l(click to select) 8. Summarizing Accounts (Click to select) 9 Statement of Cash Flows Click to select)

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