Choose only one answer as well as state their reasons/rationale for the answer chosen. 8) A data entry application control that is designed to ensure that the total debits in a journal entry equal the total credits is called a a. Sign check b. Hash total c. Reasonableness check d. Zero-balance check e. Financial total

Choose only one answer as well as state their reasons/rationale for the answer chosen. 8) A data entry application control that is designed to ensure that the total debits in a journal entry equal the total credits is called a a. Sign check b. Hash total c. Reasonableness check d. Zero-balance check e. Financial total

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 1.4C

See similar textbooks

Similar questions

Which of the following types of transactions can be uploaded into QBO using the Receipt action. Select all that apply. Select one or more: a. Credit card receipts b. Bills c. Checks d. Invoices e. Deposits
CHECKING ACCOUNT TERMS Match the following words with their definitions:
The Maintain; Chart of Accounts window can be used to revise accounts in the chart of accounts. Question 15 options: True False
Explain the differences between a CD, a checking account, and a saving account.
AT-account is a way of depicting the basic form of an account. what the computer uses to organize bytes of information. a special account used instead of a trial balance. used for accounts that have both a debit and credit balance.
Title Accounts Receivable would appear in an REA diagram as an example of which kind of entity? a.... Description Accounts Receivable would appear in an REA diagram as an example of which kind of</o:p> entity?</o:p> a. resource</o:p> b. event</o:p> c. agent</o:p> d. none of the above</o:p> </o:p>
After analyzing transactions, the next step would be to post the transactions in the ledger. True False
One business activity data have been entered in to the system, they must be to keep the database current Select one: O a Data input O b. Data processed O C. None of the other points O d. Data report
Which of the following statements is not correct? O A trial balance would help in detecting an error made while transcribing the debit side of a journal entry to the ledger O A journal discloses in one place the complete effects of a transaction O The correct sequence of steps in the recording process is: posting. journalizing, analyzing The chart of accounts is a listing of the accounts and the account numbers which identify their location in the ledger
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 is false? Select one: a. Recording transactions in separate special journals provides users with a more efficient system and access to specific information. b. Source documents provide evidence for journal entries, which are then posted to the general ledger accounts. c. The opening balances from the general ledger accounts are used to create a trial balance, the financial statements and other reports. d. All of the choices are true
Registers in QBO: Multiple Choice Display more detailed information about accounts Display all transactions for the account Display a running balance for the account All of these choices are correct.