This quiz works best with JavaScript enabled. Home > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Forms not used in the purchasing system A) Purchase requisition. B) Product return form. C) Purchase order. D) Product return receipt. Show Answer Correct Answer: D) Product return receipt. 2. A control account ..... A) Does not appear on the balance sheet. B) Is equivalent to a contra account and represents the offsetting nature of debits and credits on a firm's financial statements. C) Has a balance that equals the sum of the balances in a group of related accounts in a subsidiary ledger. D) Holds individual accounts that support a general ledger account. Show Answer Correct Answer: C) Has a balance that equals the sum of the balances in a group of related accounts in a subsidiary ledger. 3. Which is not a characteristic of good data and information? A) Correct. B) Fast. C) Exotic. D) Reliable. Show Answer Correct Answer: C) Exotic. 4. Figure the first web? A) H index 0:Body. B) H index 1:Naratif. C) H Index 3:Product. D) Hindex 4:Price. E) H Index 5:Revenue Report. Show Answer Correct Answer: A) H index 0:Body. 5. Information lacking reliability may still have value A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 6. Which of the following economic events would not be recorded in the cash receipts journal? A) Collections of accounts receivable. B) Cash sales of merchandise. C) Cash from sale of land. D) Cash purchases of merchandise. Show Answer Correct Answer: D) Cash purchases of merchandise. 7. What is another name for a database management system? A) BSBM. B) DBMS. C) DMBS. D) DBSM. Show Answer Correct Answer: B) DBMS. 8. Enterprise resource planning (ERP) systems are typically used by companies with revenues of less than $ 5 million and up to 20 employees A) True. B) False. Show Answer Correct Answer: B) False. 9. Database management software A) Word processing software. B) Spreadsheet software. C) Database management software. D) Presentation software. Show Answer Correct Answer: C) Database management software. 10. What are the characteristics of information that are useful in decision making? A) Complete. B) Can be evaluated in numbers. C) Related to the past. D) Sources are based on individuals only. Show Answer Correct Answer: A) Complete. 11. What are the disadvantages of using a database? A) A security system must be established. B) Information can be shared. C) Reduce data redundancy. D) Avoid data conflicts. Show Answer Correct Answer: A) A security system must be established. 12. Which of the following is not one of the credit columns in the cash receipts journal: A) Other accounts. B) Accounts payable. C) Accounts receivable. D) Sales. Show Answer Correct Answer: B) Accounts payable. 13. The major difference between the Financial Reporting System (FRS) and the Management Reporting System (MRS) is the A) FRS provides information to internal and external users; the MRS provides information to internal users. B) FRS provides discretionary information; the MRS provides nondiscretionary information. C) FRS reports are prepared using information provided by the General Ledger System; the MRS provides information to the General Ledger System. D) FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are prepared in standardized, formal formats. Show Answer Correct Answer: A) FRS provides information to internal and external users; the MRS provides information to internal users. 14. Purchase of office supplies for cash 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. 15. Input blocks include A) Annual report. B) Form. C) Profit = income-expenses. D) Computer. Show Answer Correct Answer: B) Form. 16. Which of the following is incorrect concerning theposting of the cash receipts journal? A) The total of the Other Accounts column is notposted. B) All column totals except the total for the Other Accounts column are posted once at the end of the month to the account title(s) specified in the column heading. C) The totals of all columns are posted daily to theaccounts specified in the column heading. D) The individual amounts in a column posted intotal to a control account are posted daily to thesubsidiary ledger account specified in the AccountCredited column. Show Answer Correct Answer: C) The totals of all columns are posted daily to theaccounts specified in the column heading. 17. Following are The Organizational Structure except A) Functional segmentation. B) Business segment. C) Marketing function. D) Information Technology function. Show Answer Correct Answer: C) Marketing function. 18. What is the accounting theory that states that a source document provides evidence to capture the occurrence of a transaction? A) Historical cost. B) Original cost. C) Objectivity. D) Monetary . Show Answer Correct Answer: C) Objectivity. 19. Symbol Flowchart Different with DFD, there are? A) Data Source, Document, Storage. B) Data Source, Document, Data Flow. C) Data Source, Document, Database. D) Data Source, Document, Storage, Process. E) Data Source, Data Flows, Process, Data Storage. Show Answer Correct Answer: E) Data Source, Data Flows, Process, Data Storage. 20. A backbone system is completely finished, tested, and ready for implementation A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. ← PreviousNext →Related QuizzesAccounting QuizzesAccounting Information Systems Quiz 1Accounting Information Systems Quiz 2Accounting Information Systems Quiz 3Accounting 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