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Today's automated accounting process: A. Is built on a structure independent of manual accounting. B. Does not require special journals or subsidiary ledgers. C. Is
Today's automated accounting process: A. Is built on a structure independent of manual accounting. B. Does not require special journals or subsidiary ledgers. C. Is built on an operational structure similar to manual accounting. D. Eliminate errors in the accounting process. E. None of above As computerized accounting systems get more and more complex and integrated: A. The level of authorization for posting gets higher in the level of responsibilities. B. The level of authorization for posting has not changed. C. The level of authorization for posting gets lower in the level of responsibilities. D. More levels of authorization are required. E. None of above Select the false statement from those provided. A. Batch processing attains a greater efficiency than real-time processing for large amounts of data items. B. Batch processing has a faster response time than real-time processing due to the grouping of like data items C. Batch processing should be utilized for payroll type processes as it groups these similar data items. D. Real-time data processing has more complex audit trails for data items than batch processing. Which of the following activities is not one the fixed assets continuance phase? A. Updating cost data for improvements to the assets B. Updating estimated figures as needed C. Adjusting for periodic depreciation D. Keep track of inventory level of assets E. None of the above A listing of all paychecks written, in check-number sequence, with the total supporting the amount of payroll funds transferred to the payroll bank account is: A) Payroll register B) Payroll summary journal C) Payroll disbursements journal D) Payroll master E) None of above. Select the correct statement from those provided below. A. If batch processing is selected due to payroll and production type processing mandates, the entire system must be batch processing. B. If real-time processing is selected due to sales and inventory type processing mandates, the entire system must be real-time processing. C. If sales and inventory are real-time, payroll and production may be batch processing in a well-designed system. D. Because sales are frequently shipped out of warehouses, sales, inventory, and payroll are all good candidates for batch processing concepts. E. None of above
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