This quiz works best with JavaScript enabled. Home > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ERP stands for A) Enterprise resource planning. B) Enterprise resource program. C) Enterprise reporting program. D) None of the above. Show Answer Correct Answer: A) Enterprise resource planning. 2. In a database, a complete set of attributes for a single occurrence of an entity class is called A) A key. B) A file. C) A record. D) A character. Show Answer Correct Answer: C) A record. 3. Which is not a device used in computer accounting? A) Computer. B) Internet system. C) Person. D) Ready-made program. Show Answer Correct Answer: C) Person. 4. Credit sales of assets other than merchandise inventory occur infrequently and are recorded in the ..... A) General journal. B) Accounts receivable journal. C) Cash receipts journal. D) Sales journal. Show Answer Correct Answer: A) General journal. 5. Credit purchases of equipment or supplies other than merchandise are recorded in the: A) Cash payments journal. B) Cash receipts journal. C) General journal. D) Purchases journal. Show Answer Correct Answer: C) General journal. 6. Good information must consist of these things except: A) Timeliness. B) Materiality. C) Break-even. D) Mobility. Show Answer Correct Answer: D) Mobility. 7. All of the following are advantages of using subsidiary ledgers except they: A) Show transactions affecting one customer or one creditor in a single account. B) Free the general ledger of excessive details. C) Eliminate errors in individual accounts. D) Make possible a division of labor. Show Answer Correct Answer: C) Eliminate errors in individual accounts. 8. What is the final step in the data processing cycle? A) Output. B) Storage. C) Processing. D) Input. Show Answer Correct Answer: A) Output. 9. The purchase of three computers for the sales staff, on account, is recorded in the ..... journal. A) General. B) Two column purchases. C) Cash payments. D) Equipment. Show Answer Correct Answer: B) Two column purchases. 10. The ability to achieve the goals of a system depends upon the effective functioning and harmonious interaction between its subsystems. This is called A) System decomposition. B) System redundancy. C) Backup system. D) Subsystem interdependency. Show Answer Correct Answer: D) Subsystem interdependency. 11. What are the decision-making styles of middle management? A) Decision making with uncertain patterns. B) Decision making with a semi-definite-semi-definite pattern. C) Decision making with a definite format. D) Standardized decision making. Show Answer Correct Answer: B) Decision making with a semi-definite-semi-definite pattern. 12. Each student can register for multiple subjects and each subject can have students enrolled. More than one person or more What kind of relationship will be represented? A) One to one. B) One per group. C) Group to group. D) There is no correct answer. Show Answer Correct Answer: C) Group to group. 13. Posting a sales journal to the accounts in the general ledger requires a A) Debit to Sales Revenue and a credit to Inventory. B) Debit to Accounts Receivable and a credit to Sales Revenue. C) Debit to Cash and a credit to Sales Revenue. D) Debit to Accounts Receivable and a credit to Inventory. Show Answer Correct Answer: B) Debit to Accounts Receivable and a credit to Sales Revenue. 14. Information technology (IT) is the use of computers to ..... A) Sign the data or information. B) Store, retrieve, transmit, and manipulate data or information. C) Store, retrieve, look, and manipulate data or information. D) Copy, store data. Show Answer Correct Answer: B) Store, retrieve, transmit, and manipulate data or information. 15. Financial Reporting in web, minimal? A) General Ledger, Financial Posistion Report. B) Journal, Income Statement Report. C) Cash Payment Report, Cash Flow Report. D) Cash Disbursement Report, Cash Flow Report. E) Income Statement Report, Financial Posistion Report, Cash Flow Report. Show Answer Correct Answer: E) Income Statement Report, Financial Posistion Report, Cash Flow Report. 16. An information system is an example of a natural system. A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 17. What is the purpose of using a database system in an organization? A) The investment costs are quite high. B) Security must be tightly organized. C) Avoid an IRS audit. D) Management depends on a single database administrator. Show Answer Correct Answer: D) Management depends on a single database administrator. 18. Organizational resource planning is called A) Enterprise Relationship Planning. B) Customer Relationship Management. C) Enterprise Management Planning. D) Employee Relationship Plainning. Show Answer Correct Answer: C) Enterprise Management Planning. 19. An information system designed specifically to meet the needs of senior executives. What information system does this mean? A) Accounting information system. B) Management information system. C) Information system to support decision making. D) Information system for senior executives. Show Answer Correct Answer: D) Information system for senior executives. 20. Ocean Company sells a product for $ 500 on account to Great Atlantic Sales. This transaction will be recorded in the ..... A) Purchase journal. B) Cash payments journal. C) Cash receipts journal. D) Sales journal. Show Answer Correct Answer: D) Sales journal. ← PreviousNext →Related QuizzesAccounting QuizzesAccounting Information Systems Quiz 1Accounting Information Systems Quiz 2Accounting Information Systems Quiz 4Accounting Information Systems Quiz 5Accounting Information Systems Quiz 6Accounting Information Systems Quiz 7Accounting Information Systems Quiz 8Accounting Information Systems Quiz 9Accounting Information Systems Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books