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1. Which of the following components of an accounting
information system is responsible for identifying,
collecting, and recording financial transactions?
a) Data storage
b) Data processing
c) Data input
d) Data output
Answer: c) Data input
Rationale: The data input component of an accounting
information system includes activities such as identifying
financial transactions, collecting relevant data, and
recording them in the system.
2. Which component of an accounting information system
transforms raw financial data into meaningful and useful
information for decision-making?
a) Data storage
b) Data processing
c) Data input
d) Data output
Answer: b) Data processing
Rationale: The data processing component of an
accounting information system involves transforming raw
data into meaningful information through activities such as
sorting, classifying, summarizing, and calculating.
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