The Characteristics That Distinguish Between Batch and Real-Time Systems Include

question 87

Multiple Choice

The characteristics that distinguish between batch and real-time systems include all of the following except

• A)time frame
• B)resources used
• C)file format
• D)efficiency of processing

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Definitions:

General Ledger

A comprehensive record of all financial transactions over the life of a company, serving as the primary source of data for financial reporting.

Notes Receivable

A claim or promissory note that provides evidence of a debt due to the holder from a debtor with specified terms of repayment.

Allowance Method

An accounting technique used to account for uncollectible accounts receivable, estimating and recording bad debt expenses based on historical data.

Direct Write-off Method

An accounting practice where uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.