Explanation Transaction Process: Transaction process system helps a business to process all the transactions as the required information is gathered, modified and recovered in this system. Expenditure cycle, conversion cycle and revenue cycle are the sub-part of the transaction process. Activity Number Activities Category a. Customer records. Master file Master file contains the value of account data that are changed by the transaction. b. Purchase orders. Transaction file Transaction file records those transactions that help in updating the master file. Therefore, purchase order is a transaction file. c. List of authorized vendors. Reference file Reference file stores the data that is referred and used as a standard while processing transactions Therefore, list of authorized vendors is a reference file. d. Records related to prior pay periods. Archive file Archive file records the past transactions which are retained and never used in the future...

10th Edition

ISBN: 9781337619202

Author: Hall, James A.

Publisher: Cengage Learning,

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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 specifi…

Question

Chapter 2, Problem 2P

To determine

Categorize the given activities into master file, transaction file, reference file or archive file.

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Chapter 2 Solutions

Accounting Information Systems

Ch. 2 - Prob. 1RQ Ch. 2 - Prob. 2RQ Ch. 2 - Prob. 3RQ Ch. 2 - Prob. 4RQ Ch. 2 - Name the major subsystems of the revenue cycle.Ch. 2 - Prob. 6RQ Ch. 2 - Name the two types of journals.Ch. 2 - Distinguish between a general journal and journal...Ch. 2 - Name the two types of ledgers.Ch. 2 - Prob. 10RQ

Ch. 2 - Prob. 11RQ Ch. 2 - Prob. 12RQ Ch. 2 - Prob. 13RQ Ch. 2 - Prob. 14RQ Ch. 2 - Prob. 15RQ Ch. 2 - Prob. 16RQ Ch. 2 - Prob. 17RQ Ch. 2 - Prob. 18RQ Ch. 2 - Prob. 19RQ Ch. 2 - Distinguish between batch and real-time...Ch. 2 - Prob. 21RQ Ch. 2 - Prob. 22RQ Ch. 2 - Prob. 23RQ Ch. 2 - Prob. 24RQ Ch. 2 - Prob. 25RQ Ch. 2 - Prob. 26RQ Ch. 2 - Prob. 27RQ Ch. 2 - Prob. 28RQ Ch. 2 - Prob. 29RQ Ch. 2 - Prob. 30RQ Ch. 2 - Prob. 31RQ Ch. 2 - Prob. 32RQ Ch. 2 - Prob. 33RQ Ch. 2 - Prob. 34RQ Ch. 2 - Prob. 35RQ Ch. 2 - Prob. 36RQ Ch. 2 - Prob. 37RQ Ch. 2 - Prob. 38RQ Ch. 2 - Discuss the flow of cash through the transaction...Ch. 2 - Explain whether the cost accounting system...Ch. 2 - Prob. 3DQ Ch. 2 - Prob. 4DQ Ch. 2 - Would the writing down of obsolete inventory be...Ch. 2 - Are both registers and special journals necessary?Ch. 2 - Discuss the relationship between the balance in...Ch. 2 - Prob. 8DQ Ch. 2 - Prob. 9DQ Ch. 2 - Are large batch sizes preferable to small batch...Ch. 2 - Prob. 11DQ Ch. 2 - Prob. 12DQ Ch. 2 - Prob. 13DQ Ch. 2 - Prob. 14DQ Ch. 2 - Prob. 15DQ Ch. 2 - Prob. 16DQ Ch. 2 - Prob. 17DQ Ch. 2 - Prob. 18DQ Ch. 2 - Prob. 19DQ Ch. 2 - Prob. 1MCQ Ch. 2 - Prob. 2MCQ Ch. 2 - Prob. 3MCQ Ch. 2 - Prob. 4MCQ Ch. 2 - Prob. 5MCQ Ch. 2 - Prob. 6MCQ Ch. 2 - Which of the following is NOT a true statement? a....Ch. 2 - Which of the following is true of the relationship...Ch. 2 - Prob. 9MCQ Ch. 2 - Prob. 10MCQ Ch. 2 - Prob. 11MCQ Ch. 2 - Prob. 12MCQ Ch. 2 - Prob. 13MCQ Ch. 2 - Prob. 14MCQ Ch. 2 - Prob. 15MCQ Ch. 2 - Prob. 16MCQ Ch. 2 - Prob. 17MCQ Ch. 2 - Prob. 18MCQ Ch. 2 - Prob. 19MCQ Ch. 2 - The production subsystem of the conversion cycle...Ch. 2 - Prob. 21MCQ Ch. 2 - Prob. 22MCQ Ch. 2 - Prob. 1P Ch. 2 - Prob. 2P Ch. 2 - Prob. 3P Ch. 2 - Prob. 4P Ch. 2 - Prob. 5P Ch. 2 - Prob. 6P Ch. 2 - Prob. 7P Ch. 2 - Prob. 8P Ch. 2 - Prob. 9P Ch. 2 - Prob. 10P Ch. 2 - Prob. 11P Ch. 2 - Prob. 12P Ch. 2 - Prob. 13P Ch. 2 - Prob. 14P Ch. 2 - Prob. 15P Ch. 2 - Prob. 16P Ch. 2 - Prob. 17P Ch. 2 - Prob. 18P Ch. 2 - Prob. 19P Ch. 2 - The following describes the payroll procedures for...Ch. 2 - Prob. 21P Ch. 2 - Prob. 22P Ch. 2 - Prob. 23P Ch. 2 - Prob. 24P Ch. 2 - Prob. 25P Ch. 2 - Prob. 26P Ch. 2 - CODING SCHEME Devise a coding scheme using block...

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Using the following revenue journal for Bowman Cleaners Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to subsidiary ledger accounts:
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