The Correct Sequence of Subprocesses for the Batch Processing of Accounting

question 31

Multiple Choice

The correct sequence of subprocesses for the batch processing of accounting data is

• A) business event occurs, update master data, record business event data, generate outputs
• B) business event occurs, generate outputs, update master data, record business event data
• C) business event occurs, record business event data, update master data, generate outputs
• D) none of the above

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Definitions:

Strict Performance

A legal standard requiring parties to a contract to fulfill their obligations exactly as specified in the contract, without deviation or error.

Express Condition

A specific condition explicitly stated in a contract that must be fulfilled for the contract's obligations to be performed.

Condition Subsequent

A condition that operates to relieve or discharge one from his obligation under a contract.

Building Code

Regulations that specify the standards for constructed objects such as buildings and nonbuilding structures, ensuring safety, health, and welfare of the occupants.