Some Companies Use Automated Payment Processing Technology in Which Paper

question 14

Multiple Choice

Some companies use automated payment processing technology in which paper checks that may arrive at a lockbox are converted into electronic payments then the check itself is destroyed. This process is referred to as

• A) internal control over payments.
• B) Check 21.
• C) accounts receivable conversion.
• D) electronic funds transfer.

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Definitions:

Macro Instance

A specific occurrence where a macro (a sequence of instructions or declarations that can be included in the code) is expanded.

#define Statement

A preprocessor directive used in C/C++ for macro definition to create symbolic constants or to perform macro substitution.

Typedef

A keyword in C and C++ for defining new names (aliases) for existing data types, enhancing code readability and maintainability.