a.
Determine the department which has stewardship over the customer open order file.
b.
Determine the department which has stewardship over the sales journal.
c.
Determine the department which has stewardship over the journal voucher file.
d.
Determine the department which has stewardship over the cash receipts journal.
e.
Determine the department which has stewardship for the inventory subsidiary ledger.
f.
Determine the department which has stewardship over the accounts receivable subsidiary ledger.
g.
Determine the department which has stewardship over the sales history file.
h.
Determine the department which has stewardship over the shipping report file.
i.
Determine the department which has stewardship over the credit memo file.
j.
Determine the department which has stewardship over the sales order file.
k.
Determine the department which has stewardship over the closed sales order file.
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Chapter 4 Solutions
MindTap Accounting, 1 term (6 months) Printed Access Card for Hall's Accounting Information Systems, 10th
- What is the accounts receivable ledger? a. A record of credit customers and their balances b. A record of vendors and their balances c. Part of the sales journal d. Part of the general journal e. Part of the general ledgerarrow_forwardINFORMATION SYSTEM CATEGORIZATIONClassify the following as tasks performed by either:TPS—transaction processing SystemFRS—financial reporting SystemMRS—management reporting Systema. Preparation of balance sheetb. Capture customer sales orderc. Preparation of variance reportsd. Preparation of budgetse. Purchase order preparationf. Summary of inventory purchases by vendorg. Preparation of comparative sales report by divisionh. Preparation of cash disbursements to vendorsi. Annual report preparationj. Customer billing processk. Cost-volume-profit analysisarrow_forwardCompare and contrast a manual accounting system for processing customer transactions. Include an explanation of how the accounts receivable subsidiary ledger compares with the Customer Center.arrow_forward
- 4. Indicate which department-accounts payable, cash disbursements, data processing, purchasing, inventory, or receiving- has ownership over the following files and registers: a. open purchase order file b. purchase requisition file C. open purchase requisition file d. closed purchase requisition file e. inventory f. closed purchase order file g. valid vendor filearrow_forwardMultiple-Choice Questions 3. Which function should the billing departmentNOT perform?a. record the sales in the sales journalb. send the ledger copy of the sales order toaccounts receivablec. send the stock release document and the shipping notice to the billing department as proofof shipmentd. send the stock release document to inventorycontrolarrow_forwardOLTP VERSUS OLAP SERVERS For each of the following processes, state whether OLTP or OLAP is appropriate, and why. An order entry system that retrieves customer information, invoice information, and inventory information for local sales. An order entry system that retrieves customer information, invoice information, inventory information, and several years of sales information about both the customer and the inventory items. An order entry system that retrieves customer information, invoice information, inventory information, and information to compare the current sale to sales across several geographic regions. An order entry system that retrieves customer information, invoice information, inventory information, and accounts receivable information for sales within one marketing region. An insurance company requires a system that will allow it to determine total claims by region, whether a relationship exists between claims and meteorological phenomena, and why one region seems to be…arrow_forward
- Master data store Reason(s) for checking Master data store Customer Accounts receivable Inventoryarrow_forwardWhich of the following activities would use number of customer orders as an activity base? A. Order shipping B. Invoicing & collecting C. Customer return processing D. Both A & Barrow_forwardIndicate which department—accounts payable, cash disbursements, data processing, purchasing, inventory, or receiving—has ownership over the following files and registers:a. open purchase order fileb. purchase requisition filec. open purchase requisition filed. closed purchase requisition filee. inventoryf. closed purchase order fileg. valid vendor fileh. voucher registeri. open vouchers payable filej. receiving report filek. closed voucher filel. check register (cash disbursements journal)arrow_forward
- College Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College Pub