Data is the principal element of any information system

Indicate whether the statement is true or false.

Answer: TRUE

Business

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If a coal deposit has 700,000 tons available and was purchased for $1,750,000, record the removal of 50,000 tons in year 1 and 70,000 tons in year 2

What will be an ideal response?

Business

The receiving report is used to

a. accompany physical inventories to the storeroom or warehouse b. advise the purchasing department of the dollar value of the goods delivered c. advise general ledger of the accounting entry to be made d. advise the vendor that the goods arrived safely

Business