A company using a centralized database approach to data management might not maintain a relational table for ACCOUNTS PAYABLE. Rather, accounts payable balances at any point in time could be computed as the difference between the relations for which of the following continuous events?
a. PURCHASE_ORDERS and INVENTORY_RECEIPTS
b. INVENTORY and INVENTORY_RECEIPTS
c. VALID_ INVOICES and INVENTORY_RECEIPTS
d. VALID_ INVOICES and CASH_DISBURSEMENTS
D
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To test for unsupported entries in the ledger, the direction of audit testing should start from the:
A. Original source documents. B. Ledger entries. C. Sales invoices or shipping documents. D. Externally generated documents.
A legal document that indicates the name of the issuer, the face value of the bond and such other data is called
A) trading on the equity. B) convertible bond. C) a bond debenture. D) a bond certificate.
Drones support logistics.
Answer the following statement true (T) or false (F)
What occurs when a business sells directly to the customer online and cuts out the middle man?
A. Reintermediation B. Intermediaries C. Cybermediation D. Disintermediation