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Summary ACCT 360 - Exam 1 Multiple Choice

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ACCT 360 - Exam 1 Multiple Choice

Institution
ACCT 360
Course
ACCT 360

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1-21 of 21

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Every program represented in a System Flowchart should have a what that describes
its logic?


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Program Flowchart




What contains account data and is updated through subsidiary ledgers?

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Master File




What is the monitoring of the flow of costs?


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Cost Accounting




What data used to be updated information in the master file and are temporary files
or transactions?


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Transaction File




What are financial transactions that effect the assets and equities of the firm and have
three cycles?


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TPS




What contains the details that support a master account (does NOT follow double
entry accounting)?

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ACCT 360
Course
ACCT 360

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