A good responsibility accounting system makes every effort to provide: relevant information to the right person at the right time.
An accounting system is a system used by a company to organize financial information. It can be manual or computerized. The main reason for using an accounting system is to track expenses, income, and other activities.
The Basic Accounting System (BAS) is a basic accounting system (also cash-based) developed in 1992 to meet basic government accounting requirements. The architecture is newer than the others, presumed to be roughly in the middle of the normal system life cycle.
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