Draw a system flowchart to account

Assignment Help Accounting Basics
Reference no: EM133187230

Question - Draw a System flowchart to account for EVERY ACTIVITY described in the scenario below: A customer sends a customer order document to a company. A clerk in the sales department enters the data from the customer order document into the computer system using a keyboard. After keying in the data, the customer order document is filed in the sales department by customer number. A computer program processes the entered data by checking customer's credit by referring the customer file (online storage) and by checking inventory availability by referring the inventory file (online storage). This process also produces a transaction file (online storage). The transaction file is then processed by a computer program that records the transaction data to a sales order file (online storage) and produces three paper copies of a sales order. Copy 1 is sent to the warehouse; copy 2 is sent to the shipping department; copy 3 is sent to the billing department.

Reference no: EM133187230

Questions Cloud

How much is the adjusted bank balance : How much is the adjusted bank balance - This is not yet recorded in the books of accounts. A 02,500 check deposited by Entity A during the month is not yet
What would be impact of these different rates of inflation : US inflation has been steady at around 2% to 3% for over a decade, What would be impact of these different rates of inflation
Calculate the draft budgeted break-even point : Total fixed overheads attributable to the Bryant product are GHC700,000. Calculate the draft budgeted break-even point
Calculate the return on equity : Calculate the return on equity (ROE) and residual income (RI) for years 1-4, as well as the abnormal earnings growth (AEG) for years 2-4 in 4 decimal places
Draw a system flowchart to account : Draw a System flowchart to account for EVERY ACTIVITY described in the scenario below: A customer sends a customer order document to a company
Determine which forklift system should be purchased : If the company uses a 12 percent discount rate for all projects, determine which forklift system should be purchased using the net present value (NPV) approach
How many child tax credits may the parents claim : T was a high school freshman and had no income during the year. How many child tax credits may the parents claim on their joint tax return
Prepare zika consolidated balance sheet : On the same date (3/31/2022), Zika's balance sheet reported Total Assets of $800,000,000. Prepare Zika consolidated balance sheet
Calculate the amount to be allocated to each department : Indirect, undistributed costs of $28,000 are to be allocated to two departments. Department "1" occupies 46%. Calculate the amount to be allocated

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the journal entry

He wrote cheque #489bforn$361.20 to reimburse himself for this expense. The telephone bill was $344 plus $17.20 GST. What is the journal entry

  Discuss any additional disclosures in financial statements

Discuss any additional disclosures in the financial statements and footnotes that the auditor should recommend to his client

  Closing entries for the capital projects fund

You are a Hometown accountant. The Capital Project Fund has just been created to account for resources received and expended for the construction of a new Health Center.

  How much net income was recorded

If a company had a beginning balance of $69,000 on its statement of changes in owner's equity, How much net income was recorded

  Determine the total amount of overhead assigned

Determine the total amount of overhead assigned to each production department based on the three department costing methods.

  Determine the amount and recipient of the partner bonus

Maples has a capital balance of $65,000 after adjusting assets to fair market value. Baker contributes $25,000 to receive a 30% interest in a new partnership with Maples.

  Calculate their taxable income supposing they file jointly

carl and carol have salaries of 14000 and 22000 respectively. their itemized deductions total 6000. they are married

  What is the value of the bond upon issuance

Silver Corporation issued a five-year, P1,000 non-callable bond which pays P40 semi-annually on June 30, 2015. What is the value of the bond upon issuance

  Prepare journal entry to establish the fund on january

Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $270 on January 8, assuming no entry in part 2. (Hint: Make two separate entries for part 3.)

  What is priyankas taxable income

Priyanka wishes to minimize her income tax. What is Priyanka's taxable income

  What items and amounts appear in the cash flows

During the current year, Paxon Corporation's intangible assets account (at cost) increased $15,000, which was the net result of purchasing new intangible.

  Prepare the pdc company projected income statement

PDC's sales are projected to be $80,000 in September 2014. Prepare the PDC Company's projected income statement for August

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd