4. The customer checks accompanied by the control tape (refer to symbol A) would be: a. forwarded daily to the billing department for deposit. b. taken by the mail clerk to the bank for deposit daily. c. forwarded to the treasurer for deposit daily. d. accumulated for a week and then forwarded to the treasurer for deposit weekly. [CMA adapted] 5. The appropriate description that should be placed in symbol B would be: a. keying and verifying. b. collate remittance advices. 6. The next action to take with the customer remittance advices (refer to symbol C) would be to: a. discard them immediately. b. file them daily by batch number. c. forward them to the internal audit department for internal review. d. forward them to the treasurer to compare with the monthly bank statement. [CMA adapted] 7. The appropriate description that should be placed in symbol D would be: a. attach batch total to report and file. b. reconcile cash balances. c. compare batch total and correct as necessary.

4. The customer checks accompanied by the control tape (refer to symbol A) would be: a. forwarded daily to the billing department for deposit. b. taken by the mail clerk to the bank for deposit daily. c. forwarded to the treasurer for deposit daily. d. accumulated for a week and then forwarded to the treasurer for deposit weekly. [CMA adapted] 5. The appropriate description that should be placed in symbol B would be: a. keying and verifying. b. collate remittance advices. 6. The next action to take with the customer remittance advices (refer to symbol C) would be to: a. discard them immediately. b. file them daily by batch number. c. forward them to the internal audit department for internal review. d. forward them to the treasurer to compare with the monthly bank statement. [CMA adapted] 7. The appropriate description that should be placed in symbol D would be: a. attach batch total to report and file. b. reconcile cash balances. c. compare batch total and correct as necessary.

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter2: Introduction To Transaction Processing

Section: Chapter Questions

Problem 19P

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