Information System Provide an analysis/explanation of the flow of the expenses flowchart of a bookstore business. The expenses are the expenses used by the bookstore in its operations.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5MC: A document that asks you to return an identifying part of it with your payment is a(n) ________. A....
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Accounting Information System

Provide an analysis/explanation of the flow of the expenses flowchart of a bookstore business. The expenses are the expenses used by the bookstore in its operations. 

EXPENSES
START
Collect all copies of
Expenses
(Receipts)
Payments
Manager
Approval
Owner
Approves the
Payments
Prepare Voucher for
Payment
Accounting Approval
of Transactions and
Payment
Update Records of
Payments & System
END
Transcribed Image Text:EXPENSES START Collect all copies of Expenses (Receipts) Payments Manager Approval Owner Approves the Payments Prepare Voucher for Payment Accounting Approval of Transactions and Payment Update Records of Payments & System END
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