When Preparing the Transaction File in a Batch Processing with Sequential

question 11

Multiple Choice

When preparing the transaction file in a batch processing with sequential file system,the edit program

• A) builds a transaction file from processed batch input.
• B) performs batch balancing procedures.
• C) ensures all documents are accounted for prior to processing.
• D) accumulates revised batch-control totals for the input data.

Distinguish between different types of sales (cash sales, sales on account, sales with bank credit cards).

Recognize the accounting entries for purchases and sales under a perpetual inventory system.

Calculate sales discounts and understand their financial impact.

Record transactions related to merchandise returns and allowances.

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Definitions:

Parameter Data

Data or values that define or control the behavior of a mathematical function or system.

Nominal Data

This data type categorizes variables without a natural order or ranking among the categories.

Ordinal Data

A type of categorical data in which the order of values is significant, but the differences between values are not necessarily consistent.

Interval Data

A type of data measurement that not only keeps order but also has consistent differences between consecutive values, without a true zero point.