A Sales Transaction Document Was Coded with an Invalid Customer

question 43

Multiple Choice

A sales transaction document was coded with an invalid customer account code (7 digits rather than 8) .The error was not detected until the updating run when it was found that there was no such account to which the transaction could be posted.The best control procedure would be:

• A)Parity checks
• B)Keypunch verification
• C)A hash total check
• D)A check digit

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Definitions:

Land Rent

Payment made to the owner of land for the right to use the land, distinct from payments made for buildings or other improvements.

Henry George

A 19th-century economist known for his advocacy of a single tax on land value to improve social equity.

Land Rent

The payment made for the use of land, typically based on its value and location.

Products Produced

The goods and services created as a result of the production process by an individual, company, or economy.