The correct answer is: D. purchasing system
An accounts receivable system is a system that tracks and manages a company’s outstanding invoices. It is closely interrelated with the sales order system, as the sales order system generates the invoices that are tracked by the accounts receivable system. The accounts receivable system is also closely interrelated with the cost accounting system, as the cost accounting system provides the data that is used to calculate the cost of goods sold, which is then used to determine the amount of each invoice. The accounts receivable system is not closely interrelated with the payroll system, as the payroll system is used to track and manage employee wages, which are not directly related to outstanding invoices. The accounts receivable system is also not closely interrelated with the purchasing system, as the purchasing system is used to track and manage purchases of goods and services, which are not directly related to outstanding invoices.
Here is a more detailed explanation of each option:
- A. Cost accounting system
A cost accounting system is a system that tracks and manages the costs of a company’s products or services. It is closely interrelated with the accounts receivable system, as the cost accounting system provides the data that is used to calculate the cost of goods sold, which is then used to determine the amount of each invoice.
- B. Payroll system
A payroll system is a system that tracks and manages employee wages. It is not closely interrelated with the accounts receivable system, as employee wages are not directly related to outstanding invoices.
- C. Sales order system
A sales order system is a system that tracks and manages sales orders. It is closely interrelated with the accounts receivable system, as the sales order system generates the invoices that are tracked by the accounts receivable system.
- D. Purchasing system
A purchasing system is a system that tracks and manages purchases of goods and services. It is not closely interrelated with the accounts receivable system, as purchases of goods and services are not directly related to outstanding invoices.
- E. None of the above
This option is not correct, as the accounts receivable system is closely interrelated with the sales order system and the cost accounting system.