An IT Input Control Is Designed to Ensure That

question 23

Multiple Choice

An IT input control is designed to ensure that:

• A)machine processing is accurate.
• B)only authorised personnel have access to the computer area.
• C)data received for processing are properly authorised and converted to machine readable form.
• D)electronic data processing has been performed as intended for the particular application.

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Definitions:

Interest

The cost paid for borrowing money, typically expressed as a percentage of the total amount loaned.

Periodic Inventory

An inventory accounting system where inventory and cost of goods sold are determined at the end of an accounting period based on a physical count.

Defaulted Note

A note or loan for which the borrower has failed to make the agreed-upon payments by the due date.

Account

An accounting device used in bookkeeping to record increases and decreases of business transactions relating to individual assets, liabilities, capital, withdrawals, revenue, expenses, and so on.