Parallel Testing Involves

question 21

Multiple Choice

Parallel testing involves:

• A) processing test data against a copy of the client's application program.
• B) operating the old and the new system simultaneously.
• C) requiring the user to re-input critical fields to verify accuracy of input.
• D) implementing a new system in one part of the organisation while other locations continue to rely on the old system.

---

Definitions:

Payee

The party in a financial transaction who receives payment.

Liquidation Value

The estimated total value of a company's assets if it were to be liquidated immediately.

Aging Method

An accounting technique used to estimate the amount of uncollectable accounts receivable by categorizing outstanding invoices based on the length of time they have been due.

Dishonored

Refers to a financial instrument, such as a check or promissory note, that is not accepted or paid at maturity due to insufficient funds or other reasons.