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what is accounting informatio system?

what is accounting informatio system?

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Ans: An Accounting information System is a system of collecting, Storing and processing Financial Accounting data that is used by the internal auditing team of the company to report information to Investors and tax authority

It helps the Accountants and executive of top level to take effective and informative decision which is very crucial for any organization , Accounting information system consists of six parts i.e. people, procedure, data, software, information technology infrastructure and internal controls

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