In a Document Flowchart of a Manual Payroll Processing System,"update

question 32

Multiple Choice

In a document flowchart of a manual payroll processing system,"update customer file" will be shown by a(n) ________ symbol,and "prepare vendor check" will be shown by a(n) ________ symbol.

• A) input; output
• B) input; manual operation
• C) manual operation; output
• D) manual operation; manual operation

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Definitions:

Operating Activities

Business activities that relate directly to the production, sale, and delivery of a company's products or services, generating revenue.

Cash Dividends

Payments made by a corporation to its shareholders out of its profits or reserves in the form of cash.

Direct Method

An accounting approach for preparing the cash flow statement where operating cash receipts and payments are listed directly.

Inventories

are stocks of goods and materials held by a business in anticipation of future sales or production needs.