This flowchart depicts the processing of daily cash receipts for Rockmart Manufa

Question

This flowchart depicts the processing of daily cash receipts for Rockmart Manufacturing. Please note that some procedures are not shown in this flowchart. Checks Customer Remittance Advices Separate Customer Checks Tape Daily Checks and Checks Total of Remittance Batches of Remittance Customer Remittance Advices Assemble | Advices Batches Batch Totals Advices Error Listing and Summary Information Daily Accounts Receivable 1 Run The appropriate description that should be placed in symbol E is A. B. Cash projection file C. Accounts receivable master file. Bad debts master file. D. Remittance advice master file.

Explanation / Answer

Answer. C. Accounts receivable master file.

The flowcharting figure at symbol E indicates magnetic disk storage.Given that it is an input and output for the daily computer processing of accounts receivable, it must be the accounts receivable master file. Bad debts are not a part of processing daily receipts

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