Errors in Data Processed in a Batch Computer System May

question 12

Multiple Choice

Errors in data processed in a batch computer system may not be detected immediately because

• A)transaction trails in a batch system are available for only a limited period of time.
• B)there are time delays in processing transactions in a batch system.
• C)errors in some transactions cause rejection of other transactions in the batch.
• D)random errors are more likely in a batch system than in an online system.

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Definitions:

Depreciation

The systematic allocation of the cost of an asset over its useful life.

Net Income

The total revenue of a company minus its expenses, taxes, and the cost of goods sold, indicating the company's profit.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use.

Indirect Method

A way of preparing a cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.