Examlex

Solved

Which Accounting Application Is Least Suited to Batch Processing

question 121

Multiple Choice

Which accounting application is least suited to batch processing?


Definitions:

Selling Company

A business entity that primarily engages in selling goods or services to consumers or other businesses.

Sales Invoice

A bill sent to customer(s) reflecting a credit sale.

Gross Method

Gross Method in accounting is a method for recording purchases at the full invoice price without deducting any cash discounts offered.

Periodic Inventory Method

An accounting approach that updates inventory and cost of goods sold at the end of an accounting period based on a physical count.

Related Questions