This quiz works best with JavaScript enabled. Home > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If a customer returns goods for credit, the sellingcompany normally makes an entry in the: A) Cash payments journal. B) General journal. C) Sales journal. D) Cash receipts journal. Show Answer Correct Answer: B) General journal. 2. What is the meaning of hardware? A) Program that tells the computer to work. B) Computer components. C) Steps in work. D) Personnel working with computers. Show Answer Correct Answer: B) Computer components. 3. Implementation of an ERP system requires effective segregation of responsibility for A) Recording, risk assessment, and control procedures. B) Authorization, monitoring, and risk assessment. C) Recording and monitoring of organizational assets. D) Authorization, recording, and custody of organizational assets. Show Answer Correct Answer: D) Authorization, recording, and custody of organizational assets. 4. What does accounting information system mean? A) Report on work performance. B) Processing. C) Control of systems or resources. D) A system that is responsible for collecting and processing. Show Answer Correct Answer: D) A system that is responsible for collecting and processing. 5. ABC Ltd found that it has undercharged us for the joysticks bought earlier. A) Invoice. B) Receipt. C) Debit note. D) Credit note. E) Payment voucher. Show Answer Correct Answer: C) Debit note. 6. Which of the following flowcharts illustrates the flow of data among areas of responsibility in an organization? A) Program flowchart. B) Document flowchart. C) Computer configuration chart. D) System flowchart. E) A system flowchart is a narrative representation of an information system. Show Answer Correct Answer: B) Document flowchart. 7. Which of the following attributes in the Cash Receipts table (representing payments received from customers) would most likely be a foreign key? A) Cash receipt number. B) Customer number. C) Cash receipt number. D) Cash receipt monthly. E) Cash receipt date. Show Answer Correct Answer: B) Customer number. 8. Which statement is correct regarding financial accounting and management accounting? A) Management accounting Focused specifically on preparing financial information for internal users or management. B) Management accounting It is not necessary to prepare according to generally accepted accounting principles. C) Management accounting is not compulsory. D) All correct. Show Answer Correct Answer: D) All correct. 9. Which statement is correct regarding the words data and information? A) Data is more complex than information. B) The information can be used for management to make immediate decisions. C) Data becomes information in the hands of the user. D) Information is easier to understand than data. Show Answer Correct Answer: C) Data becomes information in the hands of the user. 10. Evolution of information system models are A) Modern model, REA model, Database model. B) Manual Data, REA model, Database model. C) Technology Data, REA model, Database model. D) Manual Data, REA model, Technology model. Show Answer Correct Answer: B) Manual Data, REA model, Database model. 11. Which statement is correct regarding ERP programs? A) Budget planning program. B) Accounting packaged program. C) Enterprise resource planning program. D) Accounting information system development program. Show Answer Correct Answer: C) Enterprise resource planning program. 12. Clerical activities include A) Transaction journal. B) Posting journals. C) Counting units. D) Operational procedures. Show Answer Correct Answer: C) Counting units. 13. What documents are in the process of receiving orders from customers? A) Sales order form. B) Tax invoice. C) Credit note. D) Waybill. Show Answer Correct Answer: A) Sales order form. 14. What type of business does not require a sales and billing system? A) Industrial affairs. B) Government. C) Bank. D) Hospital or nursing home. Show Answer Correct Answer: B) Government. 15. Which is not a good feature of accounting programs? A) There is a system developed through Android. B) There is flexibility in closing the accounting period. C) There is a system to prevent incorrect account entries. D) There is a multi-level password setting system. Show Answer Correct Answer: C) There is a system to prevent incorrect account entries. 16. Which of the following is incorrect concerning subsidiary ledgers? A) The purchases ledger is a common subsidiaryledger for creditor accounts . B) The accounts receivable ledger is a subsidiaryledger. C) A subsidiary ledger is a group of accounts with acommon characteristic. D) An advantage of the subsidiary ledger is that itpermits a division of labor in posting. Show Answer Correct Answer: A) The purchases ledger is a common subsidiaryledger for creditor accounts . 17. Cash sales of merchandise are recorded in the A) Cash payments journal. B) Cash receipts journal. C) General journal. D) Sales journal. Show Answer Correct Answer: B) Cash receipts journal. 18. What are the four stages of the accounting cycle? A) Adjust $\rightarrow$ Identify and record $\rightarrow$ Report $\rightarrow$ Close. B) Report $\rightarrow$ Close $\rightarrow$ Identify and record $\rightarrow$ Adjust. C) Identify and record $\rightarrow$ Adjust $\rightarrow$ Report $\rightarrow$ Close. D) Identify and Record $\rightarrow$ Report $\rightarrow$ Adjust $\rightarrow$ Close . Show Answer Correct Answer: C) Identify and record $\rightarrow$ Adjust $\rightarrow$ Report $\rightarrow$ Close. 19. The internal auditor represents the interests of third-party outsiders. A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 20. Which one correctly expresses the relationship between data and information? A) Process data and information. B) Information, data processing. C) Data process information. D) Data, information, processing. Show Answer Correct Answer: C) Data process information. ← PreviousNext →Related QuizzesAccounting QuizzesAccounting Information Systems Quiz 1Accounting Information Systems Quiz 2Accounting Information Systems Quiz 3Accounting Information Systems Quiz 4Accounting 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