Identify several points where reconciliation of control totals should occur in the batch processing of transactions against a master file.
Answer to relevant QuestionsExplain son– father– grandfather file retention.Identify and describe several output controls. Why are such controls necessary?The Foxx Company is designing a standard postings file to be used in the editing of transactions to be posted to the general ledger. The file ( relation) as designed has the following format:< IPGM> STANDARD- ENTRIES ( ...The With- It Company, an Internet service provider, uses direct, online processing in its customer payments business process. Data entry terminals in the cashier’s department allow direct entry of customer payments data ...The customer billing and collection functions of the Misty Company, a small paint manufacturer, are attended to by a receptionist, an accounts receivable clerk, and a cashier who also serves as a secretary. The company’s ...
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