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The operations performed on data to generate meaningful and relevant information are referred to collectively as the ________.
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Data Processing Cycle
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Historically, most businesses used paper _____ _______ to collect data about their business ativities. They later transferred that data into the computer.
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Source Documents
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These are company output sent to an external party, who often adds data to the document, and then are returned to the company as an input document.
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Turnaround Documents
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These devices capture transaction data in machine-readable form at the time and place of their origin. Examples include ATMs used by banks, point-of-sale (POS) scanners used in retail stores, and bar code scanners used in warehouses.
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Source Data Automation
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This ledger contains summary-level data for every asset, liability, equity, revenue, and expense account.
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General Ledger
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This ledger contains detailed data for any general ledger account with many individiaul subaccounts.
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Subsidiary Ledger
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The general ledger account corresponding to a subsidiary ledger is called a ___________ account.
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Control Account
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This is the systematic assignment of numbers or letters to items to classify and organize them.
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Coding
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With these types of codes, items are numbered consecutively to account for all items.
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Sequence Code
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With these types of codes, blocks are of numbers are reserved for specific categories of data.
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Block Code
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These are the codes which consist of two or more subgroups of digits used to code items, often used in conjunction with block codes.
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Group Code
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With these codes, letters and numbers are interspersed to identify an item.
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Mnemonic Code
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This is a list of the numbers assigned to each general ledger account. These account numbers allow transaction data to be coded, calcified , and entered into the proper accounts.
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Chart of Accounts
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This journal is used to record infrequent or non-routine transactions, such as loan payments and end-of-period adjusting and closing entries.
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General Journal
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This journal records large numbers of repetitive transactions such as sales, cash receipts, and cash disbursements.
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Specialized Journal
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