The Following Data Apply to the Next Two Questions:Consider the Following

question 26

Multiple Choice

The following data apply to the next two questions:Consider the following open purchase order file in which each record contains the following fields:delivery instructionspurchase order datepart numberpurchase order numberquantity orderedunit pricevendor number
Consider the following open purchase order file in which each record contains the following fields:
delivery instructions
purchase order date
part number
purchase order number
quantity ordered
unit price
vendor number
-What would be the key for the new file created in Question 10?

• A) Part number/quantity ordered
• B) Part number/vendor number
• C) Purchase order number/part number
• D) Purchase order number/quantity ordered

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Definitions:

Controlling Account

A controlling account is a summary account in the general ledger that consolidates and reflects the total balance of all subsidiary accounts related to it.

General Ledger

The primary accounting record used to track all of a company's financial transactions, summarized from subsidiary ledgers.

Revenue Journal

An accounting journal used to record the company's revenue transactions systematically.

Office Equipment

Fixed assets intended for use over a long period of time for the purpose of performing office-related tasks.