Question

what is a purpose of an accounting system and what are it's basic functions?​

Answer 1

Explanation:

Importance of the Accounting Cycle

The accounting information system serves three basic functions: to collect and process data, to provide information to decision-makers within the organization and to see that accounting personnel records information accurately and protects the data.

Answer 2

Answer:

The purpose of an accounting information system (AIS) is to collect, store, and process financial and accounting data and produce informational reports that managers or other interested parties can use to make business decisions.

Explanation:

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