An Approach That Enters and Processes Data into the Accounting

question 81

Multiple Choice

An approach that enters and processes data into the accounting system as soon as source documents are available is called:

• A)Date storage.
• B)Batch processing.
• C)Online processing.
• D)Computer programming.
• E)Web communications.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Cash Sales

are transactions where payment is made in cash immediately upon the sale of goods or services.

NCI

Non-Controlling Interest; a minority stake in a subsidiary that is not owned or controlled by the parent corporation.

Ownership Interest

The right or stake that an individual or entity has in an asset, often implying a share of the asset's profits or losses.