Components of Accounting System Definition – What are Compon

Accounting Glossary 

Components of accounting system definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. Components of accounting system can be defined as: Five basic components of accounting systems are source documents, input devices, information processor, information storage, and output. All components of accounting system should be considered when deciding to make changes to any areal of the accounting system because all components of the accounting system are related.