Which of the following is NOT an accounting sub-system within a standard Accounting Information System (AIS)?
- APurchase and account payable sub-system
- BCosting sub-system
- CFinance sub-system
- DExpense accounting sub-system
Solution & Step-by-step Explanation
Purchases/Payables, Costing, and Expense management are operational sub-systems within an AIS that handle routine transactions and tracking. In contrast, corporate finance is a broader organizational function that deals with overall capital structure and strategic investment decisions, making it an external system rather than an internal sub-system of the AIS.