2.1 Assignment Revenue Cycle Exercise - Flowchart Analysis PDF

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Summary

From the flowchart which is presented above, answer the following questions:1. What accounting record is represented by symbol G? - It represents the accounting record of the Accounts Receivable file. 2. What would be an appropriate description for process C? - The right description of C should be P...

Description

From the flowchart which is presented above, answer the following questions: 1. What accounting record is represented by symbol G? - It represents the accounting record of the Accounts Receivable file. 2. What would be an appropriate description for process C? - The right description of C should be Post to Cash Receipts Journal and deposit checks. 3. What accounting document is represented by the symbol A? - It symbolizes the accounting document which is the Cash prelist or remittance list. 4. What process is represented by the symbol F? - It represents the Update Accounts Receivables. 5. What is an appropriate name for the department labeled B? - The appropriate name for it is the Cash Receipts department. 6. What accounting record is represented by the symbol E? - Symbol E represents the accounting record of the Cash Receipts Journal. 7. What is the location represented by the symbol D? - The symbol D represents the location of the Bank. 8. What is the appropriate name for the department labeled H? - The suitable name for it is the Accounts Receivable Department. 9. What symbol 1 represents? - Symbol 1 represents the on-page connector. 10. What symbol D represents? - It represents the terminal showing the source or destination of documents and reports....