QUESTION 1 A customer filled in the wrong account number on the remittance advice being returned with payment Consequently, the payment was credited to another customer's account Hash total Reasonableness test Field check Closed loop verification QUESTION 2 Which answer is an example of a check digit 2467 886 192 013

The Answer is in the image, click to view ...

Question: QUESTION 1 A customer filled in the wrong account number on the remittance advice being returned with payment. Consequently, the payment was credited to another

QUESTION 1

A customer filled in the wrong account number on the remittance advice being returned with payment. Consequently, the payment was credited to another customer's account.

		Hash total
		Reasonableness test
		Field check
		Closed-loop verification

QUESTION 2

Which answer is an example of a check digit?

		2467
		886
		192
		013

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

What are the answers for q1-6? QUESTION 1 A customer filled in the wrong account number on the remittance advice being returned with payment. Consequently, the payment was credited to another...

A customer filled in the wrong account number on the remittance advice being returned with payment. Consequently, the payment was credited to another customer's account. Closed-loop verification Hash...

Which control(s) would best mitigate the following threats? Sunspot activity resulted in the loss of some data being sent to the regional office. The problem was not discovered until several days...

Which controls would best mitigate the following threats? 1) The accounts receivable file was destroyed because it was accidentally used to update accounts payable 2) A salesperson mistakenly entered...

What controls (just name one) would be mitigate the following threats? A customer filled in the wrong account number on the portion of the invoice being returned with payment Consequently, the...

A data entry application control that is designed to ensure that the entry equal the total credits is called a. CHAPTER 10 PROCESSING INT 2. sign check hash total reasonableness check zero-balance...

A customer entered the wrong account number on the memo line of the check mailed to the company. Consequently, another customer's account was credited for that payment. The most effective way to...

10.5 Answer all of the following multiple-choice questions. 5. Testing whether or not all employees are being paid at least the minimum wage would be an example of a(n) . a. reasonableness test b....

What internal control(s) would you recommend preventing the following situations from occurring? Clearly state your policy recommendation . Determine what will be the effect of these events if not...

Which internal control(s) would you recommend to prevent the following situations from occurring? While entering the details about a large credit sale, a clerk mistakenly typed in a nonexistent...

An orange grower in Florida faces a dilemma. The weather forecast is for cold weather, and there is a 50% chance that the temperature tonight will be cold enough to freeze and destroy his entire...

Imagine that the two stars of a visual binary are observed to have maximum separation of 3.0 arc-seconds and trigonometric parallax of 0.10 arc-seconds. Both stars orbit a common center of mass and...

Determine SSD on - 2 . 5 % gradient at 9 0 k m h

Artificial intelligence and robots are going to replace most of the jobs we know today. Rob Stokes, Chairman of Red & Yellow Creative School of Business for 3 0 marks

=+3. How will you measure action objective?

=+2. What research methodologies would be most effective?

=+ Focus groups with representative publics. Which publics?