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:

Shelter for Relics

A specially designed space or container, often within a religious setting, used to house sacred objects or relics.

Ise Jingu

A Shinto shrine in Japan, considered one of the most sacred, dedicated to the sun goddess Amaterasu and renowned for its tradition of rebuilding every 20 years.

Honden

Main hall of a Shinto sanctuary.

Early Granary

A storage facility of ancient or early historical periods used for preserving grains and agricultural produce, crucial for sustaining sedentary societies.