Operational efficiencies can be improved by
a. updating accounts both common and unique to many concurrent transactions in real time.
b. updating accounts both common and unique to many concurrent transactions in batch mode.
c. updating accounts unique to many concurrent transactions in real time and updating common accounts in batch mode.
d. None of the above are true statements
C
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Which of the following is an account that is shown on the balance sheet for a merchandiser but not on the balance sheet of a service business?
A) Unearned Revenue B) Sales Discounts Forfeited C) Estimated Returns Inventory D) Cost of Goods Sold
The petty cash fund has a current balance of $250, which is the established fund balance. Based on activity in the fund, it is determined that the balance needs to be changed to $600. Which journal entry is needed to make this change?
A) Debit the Petty Cash account and credit the Cash account for $600. B) No journal entry is needed because this change only involves cash. C) Debit the Petty Cash account and credit the Cash account for $350. D) Debit the Cash account and credit the Petty Cash account for $350.
In a job order costing system, the Factory Payroll account is a clearing account
Indicate whether the statement is true or false
Which is not an example of surface-level diversity?
a. Gender b. Ethnicity c. Values d. Age