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Anonymous

Dec 26, 2024

In a private company’s accounting system, inputs are and outputs are

In a private company’s accounting system, what are the key inputs and outputs? Specifically, can you elaborate on the types of data that are collected as inputs and the information that is generated as outputs in this system?

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2 Answers

D
The choices can be found elsewhere and as follows:A. marketing strategy-type information;sales dataB. results of surveys on consumer satisfaction; accounts payablesC. transactions such as sales, payroll, and other expenses; financial statements D.transactions such as the cash flow statement; payroll taxesI think the correct answer is option D. In a private company’s accounting system, inputs are transactions such as the cash flow statement and outputs are payroll taxes. Hope this answers the question.
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A
Anonymous

Jan 29, 2025

In a private company's accounting system, inputs are the information, raw materials, or energy you 'put in' the system to get a certain desired or wanted outcome or output. For example, raw materials are inputted to factories to be processed to make a finished product.
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