Th3 task is pr0vided in th3 pictur3. (creat3 a DATA FLOW DIAGRAM for the Creat3 a DATA FLOW DIAGRAM for the CASH RECEIPTS SYSTEM that is pr0vided in the pictur3I WILL RAT3 TH3 TUT0R H3LPFUL IF ANSW3RED ASAP You are an audit associate assigned to understand the cash receipt system of the ABCco. After interviewing the cash receipts clerks, your audit senior asks you to develop aData Flow Diagram (DFD) for the cash receipts system. The following are noted duringthe interview:At day's end, the treasurer endorses all checks and prepares a deposit slipfor the checks and the cash.A clerk then deposits the checks, cash, and deposit slip at the local bankeach day.• When checks are received as payment for accounts due, a remittance slipis included with the payment. The remittance slips are used to update theaccounts receivable file at the end of the day.The remittance slips are stored in a file drawer by date.●●Customer payments include cash received at the time of purchase andaccount payments received in the mail.●Every week, a cash receipts report and an aged trial balance are generatedfrom the data in the accounts receivable ledger.The cash receipts report is sent to the management.A copy of the aged trial balance by customer account is sent to the creditand collections department.

A data flow diagram (DFD) is a graphical representation of data flowing through a system. It can be…

Answered: (creat3 a DATA FLOW DIAGRAM for the…

(creat3 a DATA FLOW DIAGRAM for the Creat3 a DATA FLOW DIAGRAM for the CASH RECEIPTS SYSTEM that is pr0vided in the pictur3

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Th3 task is pr0vided in th3 pictur3.

(creat3 a DATA FLOW DIAGRAM for the Creat3 a DATA FLOW DIAGRAM for the CASH RECEIPTS SYSTEM that is pr0vided in the pictur3

I WILL RAT3 TH3 TUT0R H3LPFUL IF ANSW3RED ASAP

You are an audit associate assigned to understand the cash receipt system of the ABC
co. After interviewing the cash receipts clerks, your audit senior asks you to develop a
Data Flow Diagram (DFD) for the cash receipts system. The following are noted during
the interview:
At day's end, the treasurer endorses all checks and prepares a deposit slip
for the checks and the cash.
A clerk then deposits the checks, cash, and deposit slip at the local bank
each day.
• When checks are received as payment for accounts due, a remittance slip
is included with the payment. The remittance slips are used to update the
accounts receivable file at the end of the day.
The remittance slips are stored in a file drawer by date.
●
●
Customer payments include cash received at the time of purchase and
account payments received in the mail.
●
Every week, a cash receipts report and an aged trial balance are generated
from the data in the accounts receivable ledger.
The cash receipts report is sent to the management.
A copy of the aged trial balance by customer account is sent to the credit
and collections department.

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