This quiz works best with JavaScript enabled. Home > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The expenditure cycle refers to the iterative process of business activities and information processing that involves what? A) Purchasing and paying. B) Sales and Payments. C) Receiving money and paying. D) Production and payment. Show Answer Correct Answer: A) Purchasing and paying. 2. Which statement is incorrect regarding the generaljournal? A) Only transactions that cannot be entered in a special journal are recorded in the general journal. B) Dual postings are always required in the general journal. C) The general journal may be used to record acceptance of a note receivable in payment of an account receivable. D) Correcting, adjusting, and closing entries are made in the general journal. Show Answer Correct Answer: B) Dual postings are always required in the general journal. 3. What does Input-Process-Output mean? A) Import steps. B) Steps for displaying results. C) Data that is information comes from passing through 3 processes. D) Analyze accounting information. Show Answer Correct Answer: C) Data that is information comes from passing through 3 processes. 4. Information Technology (IT) audits can be performed by both internal and external auditors. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 5. Understanding the system A) Processor group. B) Sequence of clerical activities. C) The result of a process. D) Administrative process. Show Answer Correct Answer: A) Processor group. 6. The principles of developing an accounting information system do not include A) Flexibility. B) Usefulness. C) Cost effectiveness. D) Elimination of human involvement. Show Answer Correct Answer: D) Elimination of human involvement. 7. Who is the founder and creator of Facebook.com? A) Mark Zuckerberg. B) Steve Jobs. C) Larry Page. D) Step Cheng. Show Answer Correct Answer: A) Mark Zuckerberg. 8. Design View has the same meaning as which of the following in the database management program? A) Datasheet view. B) Design view. C) Import table view. D) Linked Grid View. Show Answer Correct Answer: B) Design view. 9. Payment of employee wages. A) General Journal. B) Sales Journal. C) Cash Receipt Journal. D) Cash Payment Journal. E) Purchases Journal. Show Answer Correct Answer: D) Cash Payment Journal. 10. From the employee's main file. What is a Primary record key? A) Employee ID. B) Employee name. C) Employee salary rate. D) Employee address. Show Answer Correct Answer: A) Employee ID. 11. What database format is commonly used in database system design? A) Hierarchical database. B) Network database. C) Relational database. D) Single database. Show Answer Correct Answer: C) Relational database. 12. Tian Kai decides to pay his supplier $ 2 500 with cheque from his business bank account after 10 weeks. A) Cash transaction. B) Credit transaction. Show Answer Correct Answer: B) Credit transaction. 13. A sales journal is..... A) Used to record the sales of assets other than merchandise inventory. B) A general journal used to record the adjustments in revenue account. C) A special journal used to record all the cash sales. D) A special journal used to record credit sales. Show Answer Correct Answer: D) A special journal used to record credit sales. 14. The purchasing system is classified as an accounting information system of which type? A) Resource management. B) Expense side. C) Income side. D) Financial. Show Answer Correct Answer: B) Expense side. 15. A balance sheet prepared in conformity with GAAP is an example of discretionary reporting. A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 16. In the distributed data processing approach A) Computer services are consolidated and managed as a sharedorganization resource. B) The computer service function is a cost center. C) The end users are billed using a charge-back system. D) Computer services are organized into small information processing units under the control of end users. Show Answer Correct Answer: D) Computer services are organized into small information processing units under the control of end users. 17. In a perpetual inventory system, when cash sales are recorded, ..... A) Sales revenue increases and cash decreases. B) Sales revenue increases and cost of goods sold decreases. C) Merchandise inventory decreases and cost of goods sold increases. D) Merchandise inventory decreases and cost of goods sold decreases. Show Answer Correct Answer: C) Merchandise inventory decreases and cost of goods sold increases. 18. When companies use special journals: A) They record all purchase transactions in the purchases journal. B) They record all cash received, except from cashsales, in the cash receipts journal. C) They record all cash disbursements in the cashpayments journal. D) A general journal is not necessary. Show Answer Correct Answer: C) They record all cash disbursements in the cashpayments journal. 19. 3 Basics types of entities EXCEPT A) Resource. B) Agents. C) Events. D) Place. Show Answer Correct Answer: D) Place. 20. A purchase of equipment on account is recorded inthe: A) Cash receipts journal. B) Cash payments journal. C) One-column purchases journal. D) General journal. Show Answer Correct Answer: D) General journal. ← PreviousNext →Related QuizzesAccounting QuizzesAccounting Information Systems Quiz 1Accounting Information Systems Quiz 2Accounting Information Systems Quiz 3Accounting Information Systems Quiz 4Accounting Information Systems Quiz 5Accounting Information Systems Quiz 6Accounting Information Systems Quiz 7Accounting Information Systems Quiz 8Accounting Information Systems Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books