ACCOUNTING TERMS

\begin{tabular}{|c|c|} \hline -1.atribute & \begin{tabular}{l} a. Contains summary-level data for every asset, liability, equity, \\ revenue, and expense account \end{tabular} \\ \hline . audit trail & \begin{tabular}{l} b. thems numbered consecutively to account to all items; missing \\ items cause agap in the numerical secuence \end{tabular} \\ \hline \begin{tabular}{c} -3. batch \\ processing \end{tabular} & \begin{tabular}{l} c. Path of transactio through a datat processing system from point \\ of of origt to final output, or backward trom tinal output to point of \\ origin \end{tabular} \\ \hline -4.block code & \\ \hline -5. chart of & e. contents of a specific field, such as "George" in a name field \\ \hline-6. coding & \begin{tabular}{l} f. Portion of a data record that contains the datat value for a particularar \\ attribute, ike a cell in a spreadsheet \end{tabular} \\ \hline -7. control & \begin{tabular}{l} 9. Company datat sent to a nexternal party and then returned to the \\ system as input \end{tabular} \\ \hline \begin{tabular}{l} -8. data \\ processing cycle \end{tabular} & h. used to record infrequent or nonroutine transactions \\ \hline 9. data value & i. Characteristics of interest that need to be stored \\ \hlinebase10.data & \begin{tabular}{l} is Steps a company must follow to efficicienty and effectively process \\ data about its transactions \end{tabular} \\ \hline -11. entity & k. something about which information is stored \\ \hline -12. field & \begin{tabular}{l} I. Stores cumulative intormation about an organization; ilke a lededger in \\ a manual Als \end{tabular} \\ \hline13.general & \begin{tabular}{l} m. Contans sdetaled data for anny general ledger account with many \\ individual subaccounts \end{tabular} \\ \hline Ledger 14.general & \begin{tabular}{l} n. Contains records of individual business transactions that occur \\ during a specific time period \end{tabular} \\ \hline - 15. group code & 0. Uddating each transaction asit toccurs \\ \hline - 16. master file & \begin{tabular}{l} p. Devices that capture transaction data in macchine-readable torm at \\ the time and place of their origin \end{tabular} \\ \hline \begin{tabular}{l} - 17 . mememonic \\ code \end{tabular} & q. Used to record large numbers of repe etitive transactions \\ \hline & r. Set of intereralated, centrally corridinated files \\ \hline 19. record & s. Two or more subgroups of digits used to code items \\ \hlinecode20.sequence & t. Updating done periodically, such as daily \\ \hline \begin{tabular}{l} -21. source data \\ automation \end{tabular} & \begin{tabular}{l} u. Systematic assignment of numbers or letters to items to classity \\ and organize them \end{tabular} \\ \hline \begin{tabular}{l} documents \\ de. source \end{tabular} & \begin{tabular}{l} v. Letters and numbers, derived trom the item description, \\ interspersed to identity items; usually easy to memorize \end{tabular} \\ \hline \begin{tabular}{l} - 23. speciairized \\ journal \end{tabular} & \\ \hline \begin{tabular}{l} -24. subsidary \\ ledger \end{tabular} & \begin{tabular}{l} x. Fields contalining datata about entity attributes, ike a row in a \\ spreadsheet \end{tabular} \\ \hlinefile25.transaction & v. Sets of numbers reserved for specific categories of data \\ \hline \begin{tabular}{l} -26. turnaround \\ documents \end{tabular} & \\ \hline \end{tabular}