Describe what is meant by posting, the fourth step in the processing cycle.

Q: Post these transactions into ledger.

A: Ledger account: It is used to record the business transactions that were made during a financial…

Q: Distinguish between continuous, batch, and made-to-order processing.

A: In a batch processing, a sequence of steps are followed in a defined order. Continuous processing…

Q: A chart of accounts would best be coded using a(n) ______________ coding scheme. a. alphabetic b.…

A: Chart of Accounts: Chart of Accounts shows all the ledgers (expenses, revenue, assets, etc) and…

Q: What is the objective of a transaction log?

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

Q: ork in process -End in Dep

A: Process costing is a method of cost accounting, which is used where there is continuous production…

Q: INDICATE THE ORDER IN WHICH THE GIVEN STEPS ARE EXECUTED. BRIEFLY EXPLAIN

A: BPEL is a shortcut for expressing Web service-based business process behaviour. There are two…

Q: is the target of data flow. Select one: O a. Destination O b. Pass O c. Source O d. Stores

A: Which is the target of data flow as follows:-

Q: What are three or more exception routines when a customer order is processed?

A: Nowadays we use the computerized system to handle the overall operations of the business. It…

Q: Name the major subsystems of the conversion cycle.

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

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Q: Define the term posting process.

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Q: Name the major transaction cycles

A: In simple terms, the transaction cycle categorizes the basic business processes. It helps in…

Q: What are the three cycles of transaction processing systems?

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Q: Prepare the Worksheet

A: Worksheet is prepared in accounting in order to summarise unadjusted trial balance, then adjustments…

Q: What is the most crucial aspect of the transition from serial to batch processing?

A: Batch accounting is referred as the transferring system of an items from the ledger, journal, and…

Q: Using the diagram for Problem 7, answer the following questions:   • What do Symbols 1 and 2…

A: 1. Symbol 1: It indicates the start or end of any flowchart. It basically represents the source of…

Q: Distinguish between an edit run, a short run, and an update run

A: Accounting Information System is defined as the collection of software’s aiding the process of…

Q: Prepare journal entries to record the above transaction , showing all necessary computations.

A: Payroll expenses: Payroll expenses can be defined as the expenses made in respect of compensation…

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: The next step after the preparation of ledger is

A: General ledger can be defined as the second process in the accounting cycle, where the closing…

Q: What is the suggested order for carrying out tasks using an ABC system?

A: The ABC system is a way of allocating indirect costs and overheads like salaries and utilities to…

Q: Describe the four common programmed edit checks.

A: Accounting information system is system which used by businesses for storing, collecting, managing,…

Q: ) The time is progressed by using the event count method.

A: Event count method is the process of measure the no. Of discrete events over period of time.

Q: When viewed from the highest to most elemental level, the data hierarchy is a. attribute, record,…

A: Answer:   Option b.

Q: The process of making the units of the filing name (pr segment) by which the record is to be stored…

A: The process of making the units of the filing name by which the record is to be stored is called…

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: Distinguish between an edit run, a sort run, and an update run.

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Q: What role does the general ledger department play in the conversion cycle?

A: Conversion Cycle: A set of all processes that are used to collect inputs and convert them into final…

Q: Which of the following is a value-added activity? a.waiting b.inspection c.processing d.moving

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Post the journal entries to T accounts using the template given.

A: The entries made in the cash payments journal is then posted in the general ledger in either of the…

Q: ents in the cycle a

A: Definition of Source Documents The physical basis on which business transactions are recorded is…

Q: Give an example of a record that might comprise each of the four file types found in a computer…

A: Computer-based system files:   The emergence of computer transformed almost all major working…

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

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Q: What is a data warehouse?

A: Definition: Database: A database can be defined as the collection of data in an organized manner…

Q: Computer-based systems employ four types of files. Name them.

A: In a computer based systems, there are four types of files: Master Files Transaction Files…

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: Give an example for each of the following control activities in the conversion cycle: transaction…

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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: Explain each step in the update process

A:

Q: Each of the following is a necessary element for the successful warehousing of data EXCEPT a.…

A: Data warehouse:   Data warehouse refers to a database which helps in making business decisions. The…