ac571 week 1 hw assignment
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acct 571 week 1TRANSCRIPT
AC571Week 1 Assignment
Discussion Question 2-2
By using pre-numbered checks to write up customer orders at restaurants is an example of a good internal control. It helps managers to calculate how much payments should received from customers by comparing with customers’ orders on checks. To prevent a food server steals customers’ payments without reports them. A food server must not destroy a void check but returns it to his manager.
Problem 2-8
Identify whether the following transactions belong in a master file or a transaction file.
a. Update customer address change – Master fileb. Update unit pricing information – Master filec. Record daily sales – Transaction filed. Record payroll checks – Transaction filee. Change employee pay rates – Master filef. Record production run variances – Transaction fileg. Record Sales Commissions – Transaction fileh. Change employee office location – Master filei. Update accounts payable balance – Master filej. Update the accounts receivable balance – Master filek. Change vendor payment discount terms – Master filel. Record purchases – Transaction file
Problem 2-11
For each of the following scenarios identify which data processing method (batch or online, real-time) would be the most appropriate.
a. online-real timeb. online-real timec. batchd. online-real timee. batchf. batchg. batch