This Data Entry Control Compares the ID Number in Transaction

question 10

Multiple Choice

This data entry control compares the ID number in transaction data to a master file to verify that the ID number exists.

• A) reasonableness test
• B) user review
• C) data matching
• D) validity check

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Definitions:

Chronological Record

A method of recording events or transactions in the order of their occurrence in time.

Debits and Credits

Accounting entries that either increase or decrease accounts on a company's balance sheet and income statement.

Posting Process

The act of transferring entries from a journal to the corresponding accounts in the ledger as part of the accounting cycle.

Journal

A detailed record of all financial transactions, used as the primary source for all accounting entries.