{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online