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The system that keeps track of the results of each of the three business activities is called an Accounting Information System.
Accounting Information System: For the benefit of accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies, a company employs an accounting information system (AIS) to gather, store, manage, process, retrieve, and report its financial data.
There are three types of Accounting Information Systems:
1) Manual,
2)Legacy and
3)Modern/Integrated systems.
The system that keeps track of the results of each of the three business activities is called an Accounting Information System.
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