The Flowchart Which Is Most Similar to a Document Flowchart

question 85

Multiple Choice

The flowchart which is most similar to a document flowchart is the

• A) IPO chart.
• B) DFD.
• C) analytic flowchart.
• D) HIPO chart.

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Definitions:

Net Method

Refers to an accounting practice of recording purchases or sales of inventory after all discounts have been applied, showing the net amount as the transaction value.

Purchases Discount

A deduction from the stated purchase price, often granted to encourage early payment or bulk buying.

Periodic Inventory System

A method that relies on occasional physical counts of inventory to determine the ending inventory balance and the cost of goods sold.