Match the Following Terms with Their Definitions

question 88

Multiple Choice

Match the following terms with their definitions.
-Deposits in transit

• A)Document that records deposit
• B)Added to bank balance
• C)Used in mobile banking
• D)Automatic teller machines
• E)One to receive amount of check
• F)Bank adds to your account
• G)Record keeping device
• H)Bounced check
• I)Check must be deposited to payee's account
• J)A report sent by bank
• K)Total credit card sales minus credit accounts
• L)Identifies to whom check is to be transferred
• M)Bank is charging your account
• N)No restrictions
• O)One who writes a check
• P)Eliminates the use of paper checks
• Q)Signing back of checks
• R)Comparing bank balance to checkbook balance
• S)Not processed by bank yet

Identify different programming paradigms and where UML fits within them.

Grasp the concept of containers and iterators in programming.

Understand the significance of class diagrams in representing data structures.

Comprehend the use of inheritance in UML diagrams and software design.

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Definitions:

Computerized Accounting System

An application or software used for recording and processing accounting transactions within functional modules such as accounts payable, accounts receivable, and payroll.

Incorrect Account

An accounting error where a transaction is recorded in the wrong account, potentially misleading financial statements.

Computerized Accounting Systems

Digital systems that automate and manage financial transactions and records, enhancing accuracy and efficiency in financial reporting.

Journalizing Errors

Mistakes made during the process of recording transactions in the accounting journal.