The Data Flow Diagram Graphically Characterizes Data Processes and Flows

question 36

True/False

The data flow diagram graphically characterizes data processes and flows in a business system.

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Definitions:

Voucher

A written document that serves as evidence of a transaction and authorizes payment.

Vouchers Payable

These are obligations or liabilities for goods and services received that are not yet paid for, usually validated by a voucher system.

Gross Method

An accounting practice where purchases are recorded at their full invoice price without deducting any purchase discounts taken.

Periodic Method

An accounting method where inventory purchases are recorded in a purchases account, with the inventory count and cost of goods sold calculated at the end of the accounting period.