This Batch Processing Data Entry Control Tests If a Batch

question 35

Multiple Choice

This batch processing data entry control tests if a batch of input data is in the proper numerical or alphabetical sequence.

• A)Batch total
• B)Financial total
• C)Hash total
• D)Sequence check

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Definitions:

Monetary Items

Assets and liabilities that are to be received or paid in a fixed or determinable amount of money.

Functional Currency

The main currency used by a business or economy, reflecting the primary economic environment in which it operates.

Shareholders' Equity

The residual interest in the assets of an entity that remains after deducting its liabilities, representing ownership value in the company.

Presentation Currency

The currency in which the financial statements of an entity are presented.