This Batch Processing Data Entry Control Sums a Non-Financial Numeric

question 64

Multiple Choice

This batch processing data entry control sums a non-financial numeric field.

• A) record count
• B) financial total
• C) hash total
• D) sequence check

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Definitions:

Accounts Receivable

Money owed to a business by its clients for goods or services delivered but not yet paid for.

Bad Debts

Amounts owed to a company that are not expected to be received, often due to the debtor being unable to pay. These are often written off as an expense.

Financing Activities

Transactions that result in changes in the size and composition of the equity and borrowings of an entity, as reported in the cash flow statement.

Repayment of Borrowings

The process of paying back borrowed funds to creditors, including the principal amount and any applicable interest.