Transaction Processing

Which of the following is MOST likely to be a general ledger control account?

• Rent Payable

• Accounts Payable

• Prepaid Supplies

• Capital

Which of the following is NOT a specialized journal?

• Sales Journal

• Prepaid Rent Journal

• Cash Receipts Journal

• Payroll Journal

It used to capture used to capture and formalize transaction data needed for transaction processing.

• Turnaround Document

• Product Document

• Source Document

• Digital Document

What do you call a ledger that shows activity for each account listed on chart of accounts?

• General Ledger

• Inventory Ledger

• Payroll Ledger

• Subsidiary Ledger

What do you call a system that traces account balances contained in the financial statements back to source documents and the economic events that created them?

• The Audit Trail

• File Structuring

• Master File Backup

• System Documentation

Under what transaction cycle is the acquisition of vehicle equipment?

• Expenditure Cycle

• Revenue Cycle

• Conversion Cycle

• Investment Cycle

What is the subsystem of acquisition of vehicle equipment?

• Purchasing System

• Cash Disbursement System

• Payroll System

• Fixed Asset System

Batch or Real Time?

Booking a concert ticket

• Batch Processing

• Real Time Processing

Batch or Real-Time?

Remittance of daily cash collections to the treasury.

• Batch Processing

• Real-Time Processing

What is the appropriate related file structure?

Tax Table

• Master File

• Transaction File

• Reference File

• Archive File