Accounting Information Systems 9th Edition by James Hall

Exercise 21

Which statement is NOT true?
A) Manufacturing firms have a conversion cycle but retail firms do not.
B) The conversion cycle includes the task of determining raw materials requirements.
C) A payroll check is an example of a product document of the payroll system.
D) A journal voucher is actually a special source document.
E) Business activities begin with the acquisition of materials, property, and labor in exchange for cash