After a receipt is uploaded into QBO, the user will need to ______ the data and ensure the receipt is properly categorized and classified. Select one: a. Sort b. Save c. Journalize d. Review

Q: The need to physically check bills of lading and other documents can be eliminated by using RFID.…

A: We first need to understand RFID technology and how it works. Radio frequency identification (RFID)…

Q: Which of the following automated application controls would offer reasonable assurancethat inventory…

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

Q: Which of the following is NOT a test for identifying application errors? a. reconciling the source…

A: Application errors are those errors which occur when an application fails to work according to the…

Q: Explain how the SELECT and WHERE commands help a user to view the necessary data from multiple…

A:

Q: Partitioned databases are most effective when a. users in the system need to share common data. b.…

A: Answer:   Option b.

Q: Which of the following files is a temporary file? a. transaction file b. master file c. reference…

A:

Q: Describe the differences between a data flow diagram and a system flowchart. Give an example of when…

A: Data flow diagram and system flowcharts are used in the business to graphically represent the…

Q: Explain why there is a trade-off between information accuracy and information timeliness. Give an…

A: Report: The formal document used for providing information to the managers is called a report. The…

Q: For each of the following file processing operations, indicate whether a sequential file, indexed…

A: Access Method: Access method is the method by which data stored in the database can be located or…

Q: In a data visualization, the vertical axis typically shows __________.   Multiple Choice   values…

A: A column chart will include data labels along the horizontal (X) axis with measured metrics or…

Q: a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing…

A: “Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…

Q: has hired you to review its sales order procedures for internal control compliance and to make…

A: Hey there since you have posted multiple questions, we can answer only first three questions for…

Q: Identifying the condition of the data is part of which task?   A. Performing a data audit B.…

A: Identifying the data means you are in a search of some information that is useful for you.

Q: Which of the following is a control that can be used to ensure that all of the components of an…

A: The procedures for rejection inputs is a  control that can be used by the auditor to ensure that all…

Q: Computer applications use routines for checking the validity and accuracy of transaction data called…

A: Accounting Information System: The system which helps to gather, store, and process the accounting…

Q: What is the effect of not returning all client-provided documents upon request?

A: If an auditor is not returning all client provided documents upon request, then this act is an…

Q: In the sales/OE system, when a customer's order is entered into the system, and before accepting the…

A: Every entity before accepting the order from the customer needs to check the master data. It…

Q: Which statement is NOT correct? The indexed sequential access methoda. is used for very large files…

A: Defintion: Documents: In transaction processing, documentation can be defined as a record of…

Q: QBO's Dashboard displays one or more of the following: Multiple Choice Bar and pie charts. Line…

A: Quickbooks dashboard: The QBO dashboard contains boxes and options which can be used to set up…

Q: Explain how the E-R diagrams is used to prepare database tables. Also, include explanation of…

A: ER diagram stands for "Entity Relationship", which can be defined as a type of flowchart that is a…

Q: How are the summary views in a data warehouse different from views in an operational database?

A: Data Warehousing:   Data warehousing is a method through which an organization collect and manage…

Q: Briefly describe record counts, batch totals, and hash totals. What types of errors in input…

A: Input controls: It is created to provide reasonable guarantee of received data for processing by the…

Q: Process Activities PIC Order data that is inputted on the PDA is synchronized to the computer to…

A: Part 1 Automatic creation of Sales data from order data is not an effective method from Internal…

Q: The Progressive Company is considering taking customers' orders on its Web site. a. What information…

A: Enterprise resource planning (ERP) system: It is the combined management of different activities…

Q: Access, form

A: Forms in Access allow users to view database or edit it.

Q: Example of posting reversing entries in the ledger.

A: On the first day of a new accounting period, reversing entries are made to reverse accrual adjusting…

Q: How does a direct access file processing system edit individual transactions?a. takes place in a…

A:

Q: Ledger accounts are updated through a process called posting.  True  False

A: Posting is a process through which the journal entries are transferred to their respective ledger…

Q: Describe the alternative approach to record prepayments.

A: Prepayments are the amounts paid in advances for expenses of future period. Alternative approach to…

Q: Differentiate between source documents and vouchers.

A: A source document is generated routinely when the transaction takes place as a cash memo; invoice,…

Q: All of the following can provide source data except ________.A. a scanning device at the grocery…

A: Source data is the data or information which becomes the input for further processing. This source…

Q: Explain the relationship between the three levels of the data definition language. As a user, which…

A:

Q: A system contains many processes. Three common processes that are “grouped” together are transaction…

A: A functional requirement defines system and its components.  This provides functions required for…

Q: In one sentence, what does updating a master file record involve?

A: Definition: Database: A database can be defined as a collection of structured data that is stored in…

Q: Please document any AJEs you do here. Show the calcs / reasoning and then input them into the next…

A: AJE : Adjusting Journal Entries : These entries are made in the books of accounts to update the…

Q: For each of the following records, indicate the appropriate related file structure: master file,…

A: Personnel action form: Archive File because these are past transactions records which are retained…

Q: Identify the following users as either an internal (I) or an external (E) user. Purchasing manager

A: Users of the information: Users of information can be classified as internal and external users.…

Q: Which of the following statements is true?a. Journal vouchers detailing transaction activity flow…

A:

Q: “If we document a system with a systems flowchart and data flowdiagrams, we have overdocumented the…

A: AIS termed as Accounting information system which is defined as the structure that the companies…

Q: Which of the following is NOT a database management task?a. retrievalb. storagec. summarizationd.…

A: Database management is an important tool used for the management of data files. This management…