AC571 week 1 HW assignment - Transaction file e. Change...

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AC571 Week 1 Assignment Discussion Question 2-2 By using pre-numbered checks to write up customer orders at restaurants is an example of a good internal control. It helps managers to calculate how much payments should received from customers by comparing with customers’ orders on checks. To prevent a food server steals customers’ payments without reports them. A food server must not destroy a void check but returns it to his manager. Problem 2-8 Identify whether the following transactions belong in a master file or a transaction file. a. Update customer address change – Master file b. Update unit pricing information – Master file c. Record daily sales – Transaction file d. Record payroll checks
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Unformatted text preview: Transaction file e. Change employee pay rates Master file f. Record production run variances Transaction file g. Record Sales Commissions Transaction file h. Change employee office location Master file i. Update accounts payable balance Master file j. Update the accounts receivable balance Master file k. Change vendor payment discount terms Master file l. Record purchases Transaction file Problem 2-11 For each of the following scenarios identify which data processing method (batch or online, real-time) would be the most appropriate. a. online-real time b. online-real time c. batch d. online-real time e. batch f. batch g. batch...
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This note was uploaded on 11/20/2011 for the course ACCT 571 571 taught by Professor Heirbaum during the Summer '11 term at Keller Graduate School of Management.

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