What File in a Computerized Accounting System Corresponds to a Pending

question 12

Multiple Choice

What file in a computerized accounting system corresponds to a pending file in a paper-based system?

• A) Transaction file.
• B) Master file.
• C) Open file.
• D) Reference file.

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Definitions:

Standard Costing System

A cost accounting method that assigns expected costs to products in order to estimate the cost of production and help with budget planning.

Direct Labour Hours

The total hours worked directly on a specific job or task by employees, often used to allocate labor costs to products or services.

Variances

Differences between planned, budgeted, or standard costs and actual costs in business operations.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.