In a Logical Data Flow Diagram for a Cash Receipts

question 60

Multiple Choice

In a logical data flow diagram for a cash receipts system, each of the following labels might appear in a bubble except:

• A)cashier
• B)capture cash receipts
• C)endorse checks
• D)update master files

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Definitions:

Debits and Credits

The two sides of every financial transaction in accounting. Debits increase assets or expenses and decrease liabilities or equity, whereas credits do the opposite.

Account Titles

Names given to various accounts used in accounting to classify and organize financial transactions.

Trial Balance

A bookkeeping worksheet listing the balance of all ledgers for checking the balance of debits and credits, serving as a preliminary step to financial statements preparation.