Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd
Upload
109 views

2.2 Discussion Assignment Revenue Cycle Exercise Flowchart Analysis

The summary analyzes a flowchart describing the cash receipts process. It identifies that symbol G represents the accounts receivable file, process C is posting cash receipts and depositing checks, and symbol A is the remittance list. Symbol F updates the accounts receivable records, B is the cash receipts department, symbol E is the cash receipts journal, and symbol D represents the bank.

Uploaded by

Rosemarie Cruz
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
109 views

2.2 Discussion Assignment Revenue Cycle Exercise Flowchart Analysis

The summary analyzes a flowchart describing the cash receipts process. It identifies that symbol G represents the accounts receivable file, process C is posting cash receipts and depositing checks, and symbol A is the remittance list. Symbol F updates the accounts receivable records, B is the cash receipts department, symbol E is the cash receipts journal, and symbol D represents the bank.

Uploaded by

Rosemarie Cruz
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Discussion Assignment : ( 10 points incentive) Flowchart Analysis

From the flowchart which is presented below, answer the following questions:
1. What accounting record is represented by symbol G?
Symbol G: Accounts Receivable File
2. What would be an appropriate desciption for process C?
Process C: Post cash receipts journal and deposit checks
3. What accounting document is represented by the symbol A?
Symbol A: Remittance list, also known as a Cash prelist
4. What process is represented by the symbol F?
Symbol F: Update Accounts Receivable records
5. What is an appropriate name for the department labelled B?
B: Cash Receipts Department
6. What accounting record is represented by the symbol E?
Symbol E: Cash Receipts Journal
7. What is the location represented by the symbol D?
Symbol D: Bank
8.   What is the apprpriate name for the department labelled H?
H: Accounts Receivable Department
9. What symbol 1 represents?
Symbol 1: On-page connector
10. What symbol D represents?
Symbol D: Terminal start or end operation

Honor Pledge
“I affirm that I shall not give or receive any unauthorized help on this assignment,
and that all work shall be my own.”

You might also like