Which of the following is true of the relationship between subsidiary ledgers and general ledger accounts?
a. The two contain different and unrelated data.
b. All general ledger accounts have subsidiaries.
c. The relationship between the two provides an audit trail from the financial statements to the source documents.
d. The total of subsidiary ledger accounts usually exceeds the total in the related general ledger account.
Real time systems might be appropriate for all of the following EXCEPT
a. airline reservations.
b. payroll.
c. point of sale transactions.
d. air traffic control systems.
e. all of these applications typically utilize real time processing.
is the system flowchart symbol for:
a. on page connector.
b. off page connector.
c. home base.
d. manual operation.
e. document.
A chart of accounts would best be coded using
a(n) ______________ coding scheme.
a. alphabetic
b. mnemonic
c. block
d. sequential
Which of the following statements is NOT true?
a. Sorting records that are coded alphabetically tends to be more difficult for users than sorting numeric sequences.
b. Mnemonic coding requires the user to memorize codes.
c. Sequential codes carry no information content beyond their order in the sequence.
d. Mnemonic codes are limited in their ability to represent items within a class.