developer

Multiple Choice 1) Which of the following statements is true about cloud computing? A) The elastic leasing of pooled computer resources over the Internet is called the cloud. B) A cloud is a peer-to-peer network used to share data between users. C) Cloud-based hosting does not operate over the Internet. D) Any network of servers hosted in-house by an organization for its own requirements is regarded as a cloud. 2) Which of the following is a reason for the term elastic being used to define the cloud? A) Computing resources can be increased or decreased dynamically in cloud-based hosting. B) […]

45) Indicate which adjustments would require a journal entry during the completion of the bank reconciliation. Place an “X” on the respective line(s). ________ a. Deposit in transit ________ b. Bank service charge ________ c. NSF check ________ d. Check written for $58 recorded on the company's ledger as $85 ________ e. Outstanding checks ________ f. Check written for $42 recorded as $4 ________ g. Check printing charge ________ h. Note collected by bank. 46) List the various steps and procedures included in the bank reconciliation process. What are the advantages in preparing a monthly bank reconciliation? 47) Determine the […]

25) The journal entry to reverse the entry of a customer's nonsufficient funds check would include a: A) debit to Cash. B) credit to Cash. C) debit to Accounts Payable. D) credit to Accounts Receivable. 26) From the bank reconciliation no entry was recorded for a debit memo for a new check fee expense. This would cause: A) liabilities to be understated. B) liabilities to be overstated. C) expenses to be understated. D) expenses to be overstated. 27) From the bank reconciliation no entry was recorded for deposits in transit. This would cause: A) assets to be overstated. B) assets […]

7) The bank statement included bank charges. On the bank reconciliation, the item is: A) an addition to the balance per company books. B) an addition to the balance per bank statement. C) a deduction from the balance per bank statement. D) a deduction from the balance per company books. 8) The bank would issue a credit memorandum to Maria's Life Management when the bank: A) received the deposits in transit. B) collects a note receivable from a customer. C) discovered a check that was deposited was returned for nonsufficient funds. D) None of these answers are correct. 9) How […]

11) In a database, a ________ is a column or group of columns that identifies a unique row in a table. A) field B) record C) file D) key 12) In a database, columns that are keys of a different table than the one in which they reside are known as ________ keys. A) foreign B) discrete C) relational D) continuous 13) Databases that carry their data in the form of tables and represent relationships using foreign keys are called ________ databases. A) foreign B) continuous C) relational D) discrete 14) In a database, a table is formally referred to […]