BU486 Chapter Notes - Chapter 2: Subledger, General Ledger, Block Code
Document Summary
Bu486 chapter 2 notes: the four operations (data input, data storage, data processing and information output) performed on data to generate meaningful and relevant information. Data must be collected about 3 facets of each business activity: 1. The resource(s) affected by each activity: 3. Source documents: documents used to capture transaction data at its source- when the transaction take place. Examples include sales orders, purchase orders and employee time cards. Turnaround documents: records of company data sent to an external party and then returned to the system as input. Turn around documents are in machine-readable form to facilitate their subsequent processing as input records. Source data automation: the collection of transaction data in machine readable form at the time and place of origin. Examples are point of sale terminals and atms. A ledger that contains summary level data for every asset, liability, equity, revenue and expense account of the organization: subsidiary ledger:
