Review Questions
1. What is an accounting application ? What is a module?
2. List some key modules in a typical accounting application
3. How is the purchasing module in a typical accounting application integrated
with the inventory module?
4. How is the sales module in a typical accounting application integrated with the
general ledger module?
5. List the main sections in a menu of a typical accounting application. Give
examples of items that you might find in each section.
6. Explain the differences between real time and batch recording systems as to
recording and updating
7. What are the relative merits of the real time versus batch recording system
8. Explain the differences between real time systems and immediate recording
with batch update
9. What are the relative merits between real time systems and batch update
systems?
10. What is the difference between batch on line entry and off line entry with
batch recording?
11. For each of the following applications, explain whether a real time system is
necessary:
a. payroll
b. paying bills
c. billing customers