Andrea Pafko, a fellow student, contends that the doubleentrysystem means that each transaction must berecorded twice. Is Andrea correct? Explain.

Q: Can you please check my work

A: Accounting rate of return is equal to net income divided by average investment.

Q: Which of the following can be used to link two tables together? Select one: a. Primary Key b.…

A: Foreign key is a column or group of columns in a relational database table that provides a link…

Q: I just need to verify that these IRRs are correct.

A: Data given:  Year  CF 1 0 500000 1 -447000 2 -447000 3 -447000 4 881000   To check…

Q: Which statement is NOT correct?a. Indexed random files are dispersed throughout the storage device…

A:

Q: ee the image below.  Please provide some solutions so that I can verify that I solved the problem…

A: Solution: We are required to find the overstatement of receivable from Lazaro From the comment…

Q: What are the possible reasons for keeping incomplete records?

A: Incomplete records:   It refers to a situation where an organization does not use double entry book…

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

A:

Q: involves checking the mathematical accuracy of documents.

A: Inquiry :- Inquiry means written or oral responses made by the management.    Analytical Procedure:…

Q: An advantage of a physical address pointer is thata. it points directly to the actual disk storage…

A: Hashing structure: The hashing structure refers to the process that summarizes a large amount of…

Q: I already found the correct answers for a. and b. but they do not match what is here... The correct…

A: Value of a firm now is essentially the sum of present values of all its future cash flows. This is…

Q: What are the major procedural differences in applying the current rate and temporal methods of…

A: The key differences related to monetary assets carried at historical cost. Under the temporal…

Q: Which statement is true about a hashing structure? a. The same address could be calculated for two…

A: Answer:   Option a.

Q: Please check if the information is correct

A: Information given in the question : Your RRSP contributions are tax deductible. That means you can…

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: What are the classes of transcription errors?

A: Definition: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What is the purpose of the blind copy of a PO?

A: The blind copy of a Purchase order(PO) provides no details regarding the amount or pricing of the…

Q: Distinguish between a fictitious transaction and an artificial transaction?

A: The difference between fictitious transaction and an artificial transaction is based on the…

Q: Can you check my work

A: The following procedures are identified with, whether, it is a Strength or weakness: 1. The same…

Q: Can you tell me if i am on the right track and confirm i am correct on these

A:

Q: In a postcondition loop, the statements in the loop are always executed at least once because the…

A: The question is based on the concept of financial analysis.

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: How does block chain make the trail of transactions permanent and who can view the block chained…

A: Blockchain can be said to be a diary or register where transactions are recorded. Every transaction…

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: I have the exact same question but it says that general journal entries g and j are incorrect

A: Cost bifurcation of Gymnasium Building and Value of Gym Equipment: Total Cost= $56000

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: After all the ledgers had been drawn up, the following differences and errors were identified.…

A: Debtor Control account is a ledger account that analyses the amount owed to your company. The…

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

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

Q: Who were Modigliani and Miller (MM), and whatassumptions are embedded in the MM and Millermodels?

A: Introduction: Capital structure relates to financing of the overall activities and development of a…

Q: Which of the following associations requires a separate table in the database? a. 1:1 b. 1:M c. M:M…

A: Association: The type of relationship which one entity shares with other entity is called…

Q: What does the DuPont identity tell us that ROE is affected by?

A: DuPont = Net profit margin*Asset turnover*Equity multiplierNet incomeRevenue*SalesAvg total…

Q: Access, form

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

Q: Which of the following is true of the correcting entry method? a.It cannot be used to correct a…

A: A correcting entry is a journal entry used to rectify the net effect of an error.

Q: Explain Counting and Record Keeping?

A: Although counting is the process of adding up numbers or marking a succession of numerals from…

Q: Is the answer I have for b correct? The software keeps telling me I'm wrong

A: Since question specifies only part (b) to be answered , hence only part (b) solved.  Formula…

Q: partial dependency A.) is the result of simultaneous user requests for the same data in a…

A: Partial Dependency: Partial dependency implies to a situation where one or more non-key attributes…

Q: How do reversing entries simplify recordkeeping?

A: Reversing Entries   Reversing entries are the journal entries that are made in the beginning of the…

Q: A partial dependency a. is the result of simultaneous user requests for the same data in a…

A:

Q: What is the purpose of a check digit?

A: A check digit is a form of control check which is used for the purpose of error detection on…

Q: In a hashing structurea. two records can be stored at the same address.b. pointers are used to…

A:

Q: Discuss the three common methods of handling errors in transaction files.

A: Errors in the books of accounting should be corrected as soon as possible, so that the financial…

Q: Briefly discuss the nature of Single entry and double entry system.

A: The double entry system of accounting or bookkeeping means that for each and every business…

Q: Why is a separate link table required when an M:M association exits between related tables?

A:

Q: What prevents you from deleting the record of the vendor list? This from quitbooks.

A: Quick books has  system of accounting control  where in all users do not have access to updating…

Q: A transitive dependencya. is a database condition that is resolved through special monitoring…

A: A transitive dependency is a functional dependency where dependency occurs in relation of two or…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.