1. The following is a list of three types of accounts receivable systems and...
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Accounting
1.
The following is a list of three types of accounts receivable systems and two organizations/systems:
I. Open item II. Balance forward III. Balance only
IV. B2B V. Credit card companies (i.e., VISA)
Which of the following pairs normally are correct?
Group of answer choices
a. I and IV, II and V
b. I and V, II and IV
c. II and IV, III and V
d. II and V, III and IV
e. I and V, III and IV
2.
Which of the following statements is false?:
Group of answer choices
a. On-line inquiry is not available in the sequential file organization method
b. Retrieval of data is very fast in direct access files
c. The indexed sequential file method uses an index to identify the location of records
d. A record in indexed sequential files can be accessed as fast as in direct access files.
3. Often, performance reports are part of a managerial reporting system known as a(n) ______________________________ system where departments are in general classified as cost centers, profit centers or investment centers.
4. Sarbanes-Oxley Section 401 covers ______________________________ in financial reports.
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