a. In your own words, explain the similarities and differences between accountin

Question

a. In your own words, explain the similarities and differences between accounting and keeping, b. What systens do accountants use to create and modify a chat of accounts? c. What internal controls are common in the accounting cydle? d. How is human jodgment involved in the sccounting cycle? e. How has information technology been employed in the accounting cycle? E Lis and discusthe six common types of adjusting entries found in most accounting infor- mation systems g. Explain the purpose and structure of each general-purpose financial statement h. Respond to the questions for the chapter's "AIS in the Business World." 2. Multiple choice review questions. Please indicate the best answer for each question. l. Which of the folowing besit explains the nelationship hetwaen bookkceping and accounting? a. Bookkeeping is one sctivity involved in accounting. b Accounting is one acivity imolved in bookkeeping c. Bookkeeping and accourting are two terns for the sane thing d. Bookkeping never involves human jadgment, while acccunting always does. 2 How may trial balasces ane commonly prepared a part of the l0 steps in the acouning cycle? a. One b. Two e. Three d. More than three 3. Which of the following is the best example of an accrued revenue? a. Interest earned bat not received on a note receivable b. Interest received but not earned on a note receivable c. Sales on account d. Purchases on account 4. All of the following chat of accounts eoding sysems typicaly ue nurmbers cucept a. Block b. Hierarchhical c: Mnemoric d. Sequential Human judgment can be involved in the AIS via: Designing scurce documents

Explanation / Answer

Too many questions posted and as per chegg policy i am solving 2nd part
1)Option D
2)Option c
3)option A
4)option C
5)option D(all of the above)

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