An Input Control Is Designed to Ensure That

question 30

Multiple Choice

An 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 Expense

The cost incurred by an entity for borrowed funds, encompassing interest payments on debt, loans, and credit lines.

Cost of Goods Sold

Direct expenditures involved in generating the products a company markets, namely materials and labor.

Operating Income

Income generated from a company's primary business activities, excluding deductions for interest and taxes.

Cash Sales

Revenue generated from transactions where payment is made in cash immediately upon purchase.