When Studying an Information System,examples of Actual Documents Should Be

question 62

Multiple Choice

When studying an information system,examples of actual documents should be collected using a process called _____.

• A) stratification
• B) randomization
• C) indexing
• D) sampling

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Definitions:

Cash Balance

The amount of cash that a company or an individual has on hand at any given time.

Deposits

Funds placed into an account at a financial institution for safekeeping.

Adjusted Cash Balance

The cash balance reported on a company's financial statements, modified for checks that have not yet cleared or deposits in transit.

Outstanding Checks

Checks that have been written and recorded in a ledger but have not yet been cashed or cleared by the bank.