In Updating a Computerised Accounts Receivable File, Which One of the Following

question 3

Multiple Choice

In updating a computerised accounts receivable file, which one of the following would be used as a batch control to verify the accuracy of the postings of cash receipts remittances?

• A)The sum of the cash deposits, plus the discounts, less the sales returns.
• B)The sum of the cash deposits.
• C)The sum of the cash deposits, less the discounts taken by customers.
• D)The sum of the cash deposits, plus the discounts taken by customers.

Explain the significance of government budget deficits and surpluses on the national economy.

Examine the implications of changes in government spending and taxation on the economic equilibrium.

Evaluate different fiscal policy tools in closing recessionary and expansionary gaps.

Understand the impact of risk aversion and investment financing options on the required rate of return.

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