Data Analytics For Accounting
19th Edition
ISBN: 9781260375183
Author: RICHARDSON
Publisher: MCG
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Chapter 2, Problem 8MCQ
To determine
Identify the appropriate answer for the given statement from the given choices.
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Chapter 2 Solutions
Data Analytics For Accounting
Ch. 2 - Prob. 1MCQCh. 2 - Prob. 2MCQCh. 2 - Prob. 3MCQCh. 2 - Prob. 4MCQCh. 2 - Prob. 5MCQCh. 2 - Prob. 6MCQCh. 2 - Prob. 7MCQCh. 2 - Prob. 8MCQCh. 2 - Prob. 9MCQCh. 2 - Prob. 10MCQ
Ch. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQCh. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 10DQCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Which attributes from the College Scorecard data...Ch. 2 - Prob. 5PCh. 2 - Which attributes from the College Scorecard data...Ch. 2 - Use the College Scorecard data to determine if...Ch. 2 - Prob. 8PCh. 2 - Prob. 9P
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- Explain the difference between external transactions and internal transactions. If a company purchases supplies from a local vendor, would this be classified as an external or internal transaction?arrow_forwardMatch each of the numbered descriptions with the principle, component, or descriptor that it best reflects. Indicate your answer by entering the letter A through J in the blank provided. A. Control principle B. Relevance principle C. Compatibility principle D. Flexibility principle E. Cost-benefit principle F. Source documents G. Input devices H. Information processors I. Information storage J. Output devices 1. Capture information from source documents and transfer to information processing. 2. Keeps data accessible to information processors. 3. Systems that summarize information for use. 4. Means to take information out of an accounting system and make it available to users. 5. Provide the information processed by the accounting system. 6. Prescribes that benefits from an activity in a system outweigh the costs. 7. Prescribes that a system be adaptable to changes in the company, environment, and user needs. 8. Prescribes that a system conform with a company’s activities, personnel,…arrow_forwardUse the flowchart to answer these questions:a. What accounting document is represented by symbol A?b. What is an appropriate name for the department labeled B?c. What would be an appropriate description for process C?d. What is the location represented by symbol D?e. What accounting record is represented by symbol E?f. What is an appropriate name for the department labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented by symbol G?arrow_forward
- Identify the business that can claim presumptive input VAT. Use can use the acronym SaMaMiCoPaRearrow_forwardUse the flowchart above toanswer these questions: a. What accounting document is representedby symbol A?b. What is an appropriate name for thedepartment labeled B?c. What would be an appropriate descriptionfor process C?d. What is the location represented bysymbol D?e. What accounting record is represented bysymbol E?f. What is an appropriate name for thedepartment labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented bysymbol G?arrow_forward1arrow_forward
- EXPLAIN IT IN YOUR OWN WORDSarrow_forwardWhen assigning foreign keys in a 1:M associationa. the primary key of each table should be embedded as a foreign key in the related table. b. the primary key on the 0,M side of the relation should be embedded as the foreign key on the 1,1 side.c. the primary key on the 1,1 side of the relation should be embedded as the foreign key on the 0,M side.d. a link table must be created to accept the foreign keys of both tables.e. none of the above is true.arrow_forwardWhen assigning foreign keys in a 1:1 associationa. the primary key of each table should be embedded as a foreign key in the related table.b. the primary key on the 0,1 side of the relation should be embedded as the foreign key on the 1,1 side.c. the primary key on the 1,1 side of the relation should be embedded as the foreign key on the 0,1 side.d. a link table must be created to accept the foreign keys of both tables.e. none of the above is true.arrow_forward
- Which of the following allows consumers and suppliers to connect directly, removing the need for a third party? Select one: A. Gold Chain Technologies B. Black Chain Technologies C. Block Change Technologies O D. Block Chain Technologiesarrow_forwardIf you were in charge of authorization payment in an organisation,what information would you require before you could authorize payment?arrow_forwardA relational database system contains the following inventory data: part number, description, quantity on-hand, and reorder point. These individual items are called a. attributes. b. relations. c. associations. d. occurrences.arrow_forward
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