In a Logical DFD for a B/AR/CR Process, You Would

question 69

Multiple Choice

In a logical DFD for a B/AR/CR process, you would expect that a credit memo would be sent by the B/AR/CR process to the customer from which of the following processes?

• A) perform billing
• B) manage customer accounts
• C) receive payment
• D) validate sales order

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Definitions:

Compounded Quarterly

Compounded quarterly refers to the calculation and addition of interest to the principal sum of an investment or loan on a quarterly basis, accelerating the growth of the investment's value.

RRSP

A Registered Retirement Savings Plan is a Canadian account for holding savings and investment assets, aimed at retirement planning, with certain tax benefits.

Payments

Definition: The act of transferring money to settle a debt or account balance.

Compounded Annually

This refers to the process of applying interest to an initial amount and the accumulated interest from previous periods once every year.