Answers
relationship bw records, files, and fields - CORRECT ANSWER✔✔field > record > file
field = a cell
record = a row of info based on an entity
file = collection of records
sequence code - CORRECT ANSWER✔✔items or activities numbered in chronological order are
given codes based on their order. Their will be gaps if anything is missing from the sequence.
*ex of items are prenumbered checks or purchase orders
source data automation - CORRECT ANSWER✔✔collecting transaction data in a machine-
readable format at the time and place it occurred
group codes - CORRECT ANSWER✔✔Two or more subgroups of digits used to code an item. A
group code is often used in conjunction with a block code. Group codes CAN contain both
numbers and letters. but the numbers and letters will be separate.
Ex: ACCT 3371. One subgroup are the letters and the other are the numbers.
batch processing - CORRECT ANSWER✔✔processing multiple things of data at a time.
ex: you would want to do batch processing for payroll so when you print checks, they're not
processed and printed individually
, smart contract - CORRECT ANSWER✔✔contracts that already have their details integrated into
blockchain (check to make sure this is correct).
All of the information (name, GPA, major, etc.) about a particular student is stored in the same _
- CORRECT ANSWER✔✔record.
a file would have all this info about all their students
Which of the following would contain the total value of all inventory owned by an organization?
- CORRECT ANSWER✔✔general ledger
Which of the following documents is most likely to be used in the expenditure cycle?
job time ticket
credit memo
sales order
receiving report - CORRECT ANSWER✔✔receiving report
Which of the following is LEAST likely to be a specialized journal?
cash receipts journal
prepaid insurance journal
sales journal
cash disbursements journal - CORRECT ANSWER✔✔prepaid insurance.
all the other options are things that happen very regularly. prepaid insurance would go on the
general journal
How does the chart of accounts list general ledger accounts?