Briefly Explain Pseudocode,flowcharts,and the Three Logic Structures

question 58

Essay

Briefly explain pseudocode,flowcharts,and the three logic structures.

Recognize the role and methods of internal controls over cash transactions.

Identify the components and objectives of an internal control system.

Distinguish between proper and weak internal control practices in managing cash.

Comprehend the corrections and adjustments made during bank reconciliation.

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Definitions:

Quantitative Variable

A quantitative variable is a type of variable that can be measured quantitatively and expresses a certain quantity, amount, or range.

Slope Coefficient

It is a number that measures the degree of relationship between a dependent variable and an independent variable in a regression model.

Stepwise Procedure

A method of adding or removing variables incrementally in regression analysis based on certain criteria, such as the statistical significance of the variables.

Dependent Variable

The variable in a study or experiment that is affected by changes in another variable and is measured or observed.