This quiz works best with JavaScript enabled. Home > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In a flat-file system, files are easily shared by users A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 2. Which is the first part that must be created when creating a database program? A) Table. B) Questionnaire. C) Form. D) Report. Show Answer Correct Answer: A) Table. 3. Under SOX legislation auditors are no longer allowed to provide consulting services to audit clients. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 4. The balance of a control account in the general ledger A) Must equal the amount of total assets. B) Must always be zero. C) Must equal the composite balance of individual accounts in a related subsidiary ledger. D) Is always greater than the composite balance of individual accounts in a related subsidiary ledger. Show Answer Correct Answer: C) Must equal the composite balance of individual accounts in a related subsidiary ledger. 5. Which form is the first step in the expense cycle? A) Purchase offer. B) Purchase order. C) Product receipt. D) Payment voucher. Show Answer Correct Answer: A) Purchase offer. 6. Collection on account from customers A) General Journal. B) Sales Journal. C) Cash Receipt Journal. D) Cash Payment Journal. E) Purchases Journal. Show Answer Correct Answer: C) Cash Receipt Journal. 7. The warehouse department sees that Product Type A is almost out of stock and has reached the point of order. Therefore, documents were created to be sent to the purchasing department. A) Purchase offer. B) Invitation to bid. C) Purchase order. D) Shipping order. Show Answer Correct Answer: A) Purchase offer. 8. Which source document would be used to increase the amount owed by a credit customer? A) Receipt. B) Invoice. C) Credit note. D) Debit note. Show Answer Correct Answer: D) Debit note. 9. The warehouse department sees that Product Type A is almost out of stock and has reached the point of order. Therefore, documents were created to be sent to the purchasing department. Proceed What documents should the warehouse department prepare? A) Purchase offer. B) Invitation to bid. C) Purchase order. D) Shipping order. Show Answer Correct Answer: A) Purchase offer. 10. A company typically enters data only once in a manual accounting system A) True. B) False. Show Answer Correct Answer: B) False. 11. What does electronic commerce (E-Commerce) mean? A) Doing business between each other. B) Doing international business. C) Transactions through media electronics. D) Transactions via mail. Show Answer Correct Answer: C) Transactions through media electronics. 12. Which is NOT part of information system professionalism? A) Personal values. B) State and legislation. C) Profession and code of conduct. D) Company safety. Show Answer Correct Answer: D) Company safety. 13. Two common subsidiary ledgers are: A) Accounts receivable and cash receipts. B) Accounts payable and cash payments. C) Accounts receivable and accounts payable. D) Sales and cost of goods sold. Show Answer Correct Answer: C) Accounts receivable and accounts payable. 14. Which of the following should be done first when designing a database? A) Gather user information and needs. B) Define field and file formats. C) Check the correctness of the information. D) Design relationships between files. Show Answer Correct Answer: A) Gather user information and needs. 15. One teacher can have many students. But each student can have only one advisor. What is the relationship like? A) One to one. B) One per group. C) Group to group. D) There is no correct answer. Show Answer Correct Answer: B) One per group. 16. Advantages of Computerized Accounting Systems, except A) Typically enter data only once. B) Many human errors are eliminated. C) More timely information. D) Low Cost. Show Answer Correct Answer: D) Low Cost. 17. Here is advantages of Subsidiary Ledgers, except A) Show in a single account transactions affecting one customer or one creditor. B) Help the customer. C) Help locate errors in individual accounts. D) Free the general ledger of excessive details. Show Answer Correct Answer: B) Help the customer. 18. The total amount owed to all vendors is summarized in a single general ledger account, Accounts Payable. A) True. B) False. Show Answer Correct Answer: A) True. 19. Accounting is a system that is..... A) Closed. B) Relatively closed. C) Open. D) Feedback. Show Answer Correct Answer: B) Relatively closed. 20. Cash payments of merchandise are recorded in the A) Cash payments journal. B) Cash receipts journal. C) General journal. D) Purchases journal. Show Answer Correct Answer: A) Cash payments 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 9Accounting Information Systems Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books