1. What is the importance of the job ticket? Illustrate the flow of this document and its information from inception to impact on the financial statements.
2. Are any time lags in recording economic events typically experienced in payroll systems? If so, what are they? Discuss the accounting profession's view on this matter as it pertains to financial reporting.
3. What advantages are achieved in choosing a basic batch computer system over a manual system?
What advantages are achieved in choosing a batch system with real-time data input over a basic batch system?