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Accounting Information Systems 9th Edition by James Hall
Edition 9ISBN: 978-1133934400Accounting Information Systems 9th Edition by James Hall
Edition 9ISBN: 978-1133934400 Exercise 2
RECORD STRUCTURES FOR
RECEIPT OF CASH ON ACCOUNT
Refer to Figure 2-30 and the discussion about updating master files from transaction files. The discussion presents the record structures for a sales transaction. Prepare a diagram (similar to Figure 2-30) that presents the record structures for the receipt of cash from customers who are paying their outstanding accounts receivable. Assume a cash receipts file exists, which contains the transaction records to be processed. Show the subsidiary and general ledger files. Explain each step in the update process
RECEIPT OF CASH ON ACCOUNT
Refer to Figure 2-30 and the discussion about updating master files from transaction files. The discussion presents the record structures for a sales transaction. Prepare a diagram (similar to Figure 2-30) that presents the record structures for the receipt of cash from customers who are paying their outstanding accounts receivable. Assume a cash receipts file exists, which contains the transaction records to be processed. Show the subsidiary and general ledger files. Explain each step in the update process
Explanation
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Refer to the Figure 2-30 and the discuss...
Accounting Information Systems 9th Edition by James Hall
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