Question: What is the difference between using check digit verification and a validity check to test the accuracy of an account number entered on a transaction

What is the difference between using check digit verification and a validity check to test the accuracy of an account number entered on a transaction record?

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 is the difference between using check digit verification and a validity check to test the accuracy of an account number entered on a transaction record?

What is the difference between using check digit verification and using a validity check to test the accuracy of an account number entered on a transaction record?

10.1 Match the following terms with the appropriate definition or example: Business continuity plan (BCP) Completeness check Hash total Incremental daily backup Archive Field check Sign check Cold...

1. When auditing around the computer, the independent auditor focuses solely on the source documents and a. Test data. b. Computer processing. c. Compliance techniques. d. Computer output. 2. In...

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...

Part 1: Applying General Controls General Controls - A company designs general controls to ensure that its overall AIS is stable and well managed. They contain (partial list): Proper Authorization of...

swer all of the following multiple-choice questions. employee who is paid a salary of $50,000 submitted a request to withhold sso in voluntary deductions to a 4010K) plan. The next weekly paycheck...

15. o. A batch total that represents the number of trans- actions processed p. An application control that validates the correet- ness of one data item in a transaction record by comparing it to the...

Applying General Controls General Controls - A company designs general controls to ensure that its overall AIS is stable and well managed. They contain (partial list): Proper Authorization of...

Study Unit 7 IT Framework and Data Analytics Questions 1. Which of the following types of controls is not described in the IT Governance Institute's Control 5. Which of the following statements is...

Wellvet Partners is renowned for its provision of currency hedging services to international clients. Recently, Square Corporation, a US-based firm, approached them for advice regarding a future...

Search the Internet for information about CASE tools that provide UML support.

cual seria el asiento View transaction list Journal entry worksheet

Some consumers don t need to pass through all five stages of the purchasing process. Select one: True False

3.72 An analyst attempting to predict a corporations earnings next year believes that the corporations business is quite sensitive to the level of interest rates. He believes that, if average rates...

3.73 Forty-two percent of a corporations blue-collar employees were in favor of a modified health care plan, and 22% of its blue-collar employees favored a proposal to change the work schedule....

3.71 A campus student club distributed material about membership to new students attending an orientation meeting. Of those receiving this material 40% were men and 60% were women. Subsequently, it...