Cash receipts process, CASE A: Fred ’ s Electrical, Inc.

Cash receipts process

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CASE A: Fred ’ s Electrical, Inc. (Cash Receipts Process) Fred ’ s Electrical, Inc. sells electrical parts to electrical contractors in the northwest-ern United States. Fred ’ s customers mail their payments — attached to the stub (i.e.,remittance advice [RA]) from their monthly statement — to Fred ’ s accounts receivable(AR) office. An AR clerk confirms that the check amount agrees with the amount onthe RA and sends the checks to the cashier. The AR clerk prepares batch totals of thecustomer numbers, invoice numbers, and amount paid. The AR clerk then enters thebatch totals and RAs into the computer, where the AR master data are updated torecord the payment. The computer reconciles the batch totals, confirms job comple-tion, and reports discrepancies, if any, to the AR clerk.

Prepare an annotated table of entities and activities. Indicate on thistable the groupings, bubble numbers, and bubble titles to be used inpreparing a level 0 logical DFD.

Reference no: EM131264481

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Cash receipts process : CASE A: Fred ’ s Electrical, Inc. (Cash Receipts Process) Fred ’ s Electrical, Inc. sells electrical parts to electrical contractors in the northwest-ern United States. Prepare an annotated table of entities and activities. Indicate on thistable the ..

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