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Title: accounting information system
Description: test bank accounting information system
Description: test bank accounting information system
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Accounting Information Systems
(A
...
S)
Test Your Self
Chapter (2)
Overview of transaction
processing and ERP systems
حممود حممد بدوي
Mahmoud Mohamed Badwi
Accounting Information Systems (A
...
S)
1) What usually initiates data input into a system?
A) The transaction system automatically checks each hour to see if any new data is available for input and processing
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C) A general ledger program is queried to produce a trial balance at the end of an accounting period
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2) An ERP system might facilitate the purchase of direct materials by all of the following except
A) selecting the best supplier by comparing bids
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C) routing a purchase order to a purchasing agent for approval
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3) Which of the following is not true about the accounts receivable subsidiary ledger?
A) Debits and credits in the subsidiary ledger must always equal
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C) The total of the subsidiary ledgers must equal the control account
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4) Which of the following is not usually a consideration when designing a coding system?
A) Government regulations on coding systems
B) Standardization
C) Future expansion needs
D) Facilitating report preparation
5) The general ledger
A) summarizes the transactions in journals
...
C) is posted in total to the general journal
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6) For a retail business, a delivery of inventory, from a vendor (with whom there is an established credit relationship) would be
initially recorded in which type of accounting record as part of which transaction cycle?
A) purchases journal; expenditure cycle
B) general journal; expenditure cycle
C) general ledger; expenditure cycle
D) cash disbursements journal; production cycle
7) Which of the following statements regarding special journals is not true?
A) The balances in a special journal must always reconcile to the general ledger
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C) Special journals are periodically summarized and posted to the general ledger
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8) Changing an employee's hourly wage rate would be recorded in which file?
A) Employee master file
B) Employee transaction file
C) Payroll master file
D) Payroll transaction file
9) A typical source document could be
A) in some paper form
...
C) a notepad entry
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I
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What are they?
A) the business activity, the resources it affects, the people who participate
B) the business activity, the transactions it creates, the impact on the financial statements
C) the inputs, outputs and processes used
D) who is involved, what was sold, how much was paid
12) The issuing of a purchase order is part of which transaction cycle?
A) the revenue cycle
B) the production cycle
C) the human resources cycle
D) the expenditure cycle
13) The collection of job time tickets or time sheets is part of which transaction cycle?
A) revenue cycle
B) production cycle
C) human resources cycle
D) expenditure cycle
14) Common source documents for the revenue cycle include all of the following except
A) sales order
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C) delivery ticket
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15) Which of the following documents would be found in the expenditure cycle?
A) delivery ticket
B) timecard
C) credit memo
D) purchase order
16) Documents that are sent to customers or suppliers and then sent back to the company in the course of a business
transaction are known as
A) turnaround documents
...
C) source data automation
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17) Which of the following is an example of source data automation?
A) a utility bills
B) POS (point-of-sale) scanners in retail stores
C) a bill of lading
D) a subsidiary ledger
18) Pre-numbering of source documents helps to verify that
A) all transactions have been recorded since the numerical sequence serves as a control
...
C) documents have been used in order
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Page | 3
Mahmoud Mohamed Badwi
Accounting Information Systems (A
...
S)
19) Source documents generally help to improve accuracy in transaction processing because
A) they specify which information to collect
...
C) they provide directions and steps for completing the form
...
20) When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account, it is
assumed that
A) the recording processes were accurate
...
C) adjusting entries are not required
...
21) The general ledger account that corresponds to a subsidiary ledger account is known as a
A) dependent account
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C) entity account
...
22) Pre-numbered checks, invoices, and purchase orders are examples of
A) sequence codes
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C) group codes
...
23) A chart of accounts is an example of (select all that apply)
A) sequence codes
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C) group codes
...
24) Product items are often coded with (select all that apply)
A) sequence codes
...
C) group codes
...
25) Which of the following statements is false?
A) Codes should be consistent with intended use
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C) Codes should be as simple as possible
...
26) To be effective, the chart of accounts must
A) be as concise as possible
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C) utilize only one coding technique
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27) The chart of accounts of a corporate retail bookstore would probably include
A) work-in-process inventory
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C) retained earnings
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I
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B) specialized journals
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D) subsidiary ledgers
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B) simplifies the process of recording large numbers of repetitive transactions
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D) contains summary-level data for every account of the organization
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B) simplifies the process of recording large numbers of repetitive transactions
...
D) contains summary-level data for every account of the organization
...
B) simplifies the process of recording large numbers of repetitive transactions
...
D) contains summary-level data for every account of the organization
...
B) simplifies the process of recording large numbers of repetitive transactions
...
D) contains summary-level data for every account of the organization
...
B) begins with the general journal
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D) is a summary of recorded transactions
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B) A master file stores cumulative information
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D) A master file's individual records are rarely, if ever, changed
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I
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B) Batch input is more accurate than on-line data entry
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D) Batch processing not frequently used
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B) batch processing
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D) real-time batch processing
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B) Both traditional financial measures and operational data are required for proper and complete evaluation of performance
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D) Traditionally, most AIS have been designed so that both financial and operational data are stored in a manner that
facilitates their integration in reports
...
B) changing customer addresses
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D) adding the name of a new vendor
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B) monthly depreciation adjustments
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D) stock issuance transactions
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B) weekly credit and cash sales comparison
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D) expense variances outside acceptable range
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B) The audit trail consists of records stored sequentially in an audit file
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D) The audit trail is created with document numbers and posting references
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I
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B) resources affected by the business activity
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D) place the business activity occurs
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B) Batch processing cannot be used to update a master file
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D) Online real-time processing is only possible with source data automation
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B) purchase to pay
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D) customer relationship management
Title: accounting information system
Description: test bank accounting information system
Description: test bank accounting information system