The only module in MYOB where "Transaction Journal" is NOT an available option to select from the command centre is: Select one: O a. Banking O b. Inventory C. Purchases d. Card File

Q: Which files are often found in a sales order module as opposed to an account receivable (customer)…

A: The Answer

Q: Defining components of an accounting information system Match each component of a computerized…

A: Definition:   Computerized accounting information system: An accounting information system is used…

Q: Registers in QBO: Multiple Choice Display more detailed information about accounts Display all…

A: QBO is Quick book online is a online accounting software. It is a cloud a accounting which is able…

Q: The need to physically check bills of lading and other documents can be eliminated by using RFID.…

A: We first need to understand RFID technology and how it works. Radio frequency identification (RFID)…

Q: Identify each item 1 through 10 with the system component A through E that it is best associated…

A: Accounting information System: An information system takes the raw data as input converts into the…

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

A:

Q: Revenue Cycle. a. Give three examples of access control in a point-of-sale (POS) system. a. Discuss…

A: POS is the place where the actual sale events occurred and all sales are recorded  in the books of…

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

A:

Q: Match the term in the left column with its definition in the right column. 1. CRM system a. Document…

A: Bill of lading is a  shipping document which mentions the quantity of goods shipped, and the sender…

Q: Which is not a book reconciling items? A. Credit Memo B. NFS Checks C. Debit Memo D. Outstanding…

A: The bank reconciliation statement is prepared to to record and equate the book balance and bank…

Q: journal

A: Purchase journal is a systematic book where Purchase related transactions are recorded. It is also…

Q: Describe briefly the processing of transactions, including internal control features, in the…

A: Internal control:   It is a business activity that aids in the protection of a company's assets. It…

Q: QuickBooks automatically converts transaction information entered in an onscreen form to a _____.

A: QUICKBOOKS IS AN ACCOUNTING SOFTWARE WHICH IS USED BY SMALL BUSINESS TO KEEP A TRACK OF FINANCIAL…

Q: A sales transaction was coded with an invalid customer account code (XXX-XX-XXX rather than…

A: Check digit is method used for the identification and detection of errors. For example, bank account…

Q: Select the letter of the item below that best matches the definitions that follow. a. Data Files CD…

A:

Q: Where does the client initiate the setup of QuickBooks Payments

A: QuickBooks seems to be an accounting software company whose services include desktop, internet, and…

Q: Access, form

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

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: How does a direct access file processing system edit individual transactions?a. takes place in a…

A:

Q: which is true about vendor files? A. They must be cleaned on a daily basis B. They can be in…

A: A vendor file contain all information about the supplier and vendor from every department. It…

Q: A vendor can have default accounts for Expense and HST set up in the vendor Options window. a) True…

A: A company must have all valid accounts related to the transactions so that all entries can be made…

Q: Describe the three types of anomalies associated with database tables that have not been normalized

A: 1) Anomalies refers to the inconsistency or irregularity with the common order, form, or rule. It…

Q: -20 AT-account is O a. Used for accounts that has both a debit and credit balance O b. A way of…

A: A T- account is used in double-entry system in which debits and credits are separated where debit is…

Q: All of the following can provide source data except ________.A. a scanning device at the grocery…

A: Source data is the data or information which becomes the input for further processing. This source…

Q: Which of the following is a password security problem? O A. Users are assigned passwords when…

A: A) It is correct as individual usually do not change password hence it became easily identifiable.…

Q: For each of the following items, indicate whether a sequential, block, group, alphabetic, or…

A: State Codes - Alphabetic Code - Because it corresponds to abbreviation of postal Service.  Check…

Q: Posting: transfers ledger transaction data to the journal. а. normally occurs before journalizing.…

A: Journal entry: It can be defined as the recording of financial events and transactions that have…

Q: A T-account is * a way of depicting the basic form of an account. what the computer uses to organize…

A: T account is representation of induvial accounts having credit or debit transactions. It depicts the…

Q: a. Give three examples of access control in a point-of-sale (POS) system. a. Discuss how the nature…

A: The question is based software security and access point control at point to sale system.

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: When aninventory itemfalls to the recorder point, a purchase requisition is automatically generated…

A: Develop system flow chart of expenditure cycle: The existing system performs the functions in…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.