Question

Identify the output below that an accounting information system can provide.

A) income statement
B) list of sales returns
C) exception reports
D) all of the above

Answer 1

An accounting information system can provide an income statement, list of sales returns, and exception reports.

Step-by-step explanation:

An accounting information system can provide various outputs, including the income statement, a list of sales returns, and exception reports. The income statement shows the financial performance of a company by summarizing its revenues and expenses during a specific period. A list of sales returns highlights the items that customers have returned, helping the company track and manage its return process. Exception reports flag any irregularities or anomalies in the financial data, enabling the company to identify potential issues or errors.