Accounting Information System Essay Example | Topics and Well Written Essays - 250 words

Accounting Information System - Essay ExampleAs per the system, all the 30 proceeding have been processed, starting from the Journal entries to adjustments, to trial balance, to profit and loss statement and finally the balance sheet, reflecting the military posture of the information processing system.The attach to has invested all the prize money in the business and constantly strives to deepen its products sales. The money invested has been utilised towards purchase of different products to be resold to customers at a different price. The business has enter a 25% gross profit margin on total sales, which is a sign that the company is using its investment in an effective way to generate profits.The resulting pass loss of the company is out-of-pocket to the expenses incurred by the company on wages and rent. This tendency should be curbed to maintain a profit take aim for the company in future. However, this doesnt at all symbolise the ineffectiveness of business operations, as the company has enter a sufficient level of sales and gross profit, but the in operation(p) expenses amounted to more than the gross profit. Therefore, the net loss of this period can easily be converted to profit by minimising and reducing the operating expenses and maintaining the current sales level.