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

Q: What type of internal control would recalculating the totals on a computer report be?

A: Step 1:   The rules and procedures implemented by a company to ensure the integrity of the…

Q: What is the general ledger

A: Lets understand the basics,General ledger is used in double entry accounting system in order to…

Q: Which of the following forms cannot be customized? Select one: A. Estimate B. Sales Receipt C.…

A: Under QBO there is a feature to customize your forms.

Q: Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer…

A: Definition: REA model: The graphical representation which shows the re-engineered accounting system…

Q: Why is a “blind” purchase order used as a receiving report document?

A: Blind Purchase Order: Blind purchase order contains all the information related to the purchase of…

Q: In the sales/OE system, when a customer's order is entered into the system, and before accepting the…

A: Every entity before accepting the order from the customer needs to check the master data. It…

Q: What would the Accounting Memo and Email to Client look like?

A: When the merchandise is sold, the company estimates the possible returns and accordingly provides…

Q: What columns are included in a typical ledger format?

A: Ledger indicates the posting of entries from the journals in their respective categorized accounts…

Q: What is the most common type of customer statement? Select an answer: transaction balance…

A: In accounting, there are three common types of customer statements: transaction, balance forward,…

Q: Why are denormalized tables used in data ware-houses?

A: Data Warehouse:   Data warehouse is also termed as enterprise data warehouse. It can be defined as…

Q: What order is advised when doing tasks using an ABC system?

A: Introduction: Overhead and indirect costs are assigned to related products and services using the…

Q: What is the suggested order for performing tasks using the ABC system?

A: Activity-based costing, or ABC for short, is a way of allocating overhead and indirect expenses to…

Q: What is an order book?

A: Introduction: Order books are utilized by almost every exchange for numerous assets like stocks,…

Q: What is task data dependency? (this is related to Accounting Information Systems

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

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

A: Accounting Cycle:Accounting cycle refers to the process of recording a business transaction in the…

Q: An optional step in the account cycle is the preparation of:

A: The accounting cycle is a comprehensive procedure for locating, evaluating, and documenting a…