This quiz works best with JavaScript enabled. Home > Finance > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 1 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The type of business that is considered to have the most difficult and complex accounting information system. A) Financial institution. B) Industry. C) Serve. D) Commerce. Show Answer Correct Answer: B) Industry. 2. Citizen development is a business process that encourages non-IT trained employees to become software developers, using IT-sanctioned low-code / no-code (LCNC) platforms to create business applications. Which category of social issue is it? A) Employment. B) Skilling and deskilling. C) Digital divide. D) Information warrior. Show Answer Correct Answer: B) Skilling and deskilling. 3. Economic agents are individuals and departments that participate in an economic event. They are parties both inside and outside the organization with discretionary power to use or dispose of economic resources. A) False. B) True. Show Answer Correct Answer: B) True. 4. Income summary closed to owner's capital. A) Purchases Journal. B) Sales Journal. C) Cash Payment Journal. D) General Journal. E) Cash Receipt Journal. Show Answer Correct Answer: D) General Journal. 5. The revenue cycle refers to the process of business activities and data processing related to any matter. A) Receiving orders. B) Receiving goods. C) Employee Salary Payment. D) Repayment of debt. Show Answer Correct Answer: A) Receiving orders. 6. What is the relationship between database entities? A) Entity. B) Attributes. C) Domain. D) Relationships. Show Answer Correct Answer: D) Relationships. 7. At present, why is knowledge and understanding of information technology important to accountants? A) Accounting information systems tend to be more computer intensive. B) Setting up an accounting information system requires knowledge of information technology. which is a component of the accounting information system. C) The independent auditor must understand the workings of the computer systems used to process accounting data. To make the audit work more efficient. D) All correct. Show Answer Correct Answer: D) All correct. 8. The process and purpose of data in a data flow diagram are symbolized by symbols..... A) Arrow. B) Rectangle. C) Line two. D) Circle. Show Answer Correct Answer: B) Rectangle. 9. A purchase of equipment using cash is recorded inthe: A) Cash receipts journal. B) General journal. C) Purchases journal. D) Cash payments journal. Show Answer Correct Answer: D) Cash payments journal. 10. ..... is a design technique which involve the design of software on real-world objects which consists of both data and procedures that process them rather than traditional design where procedures operate on separate data. A) Prototyping design. B) Normalization. C) Database design. D) Object-oriented design. Show Answer Correct Answer: D) Object-oriented design. 11. Sale of land for cash A) Cash Payment Journal. B) Purchases Journal. C) Cash Receipt Journal. D) Sales Journal. E) General Journal. Show Answer Correct Answer: C) Cash Receipt Journal. 12. Information is a business resource. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 13. Manual activities on the flow chart are symbolized by images..... A) Inverted trapezoid. B) Circle. C) Rectangle. D) Rectangle. Show Answer Correct Answer: A) Inverted trapezoid. 14. The basic principles of an accounting informationsystem include all of the following except A) Useful output. B) Periodicity. C) Flexibility. D) Cost-effectiveness. Show Answer Correct Answer: B) Periodicity. 15. What information should not appear on the billing form? A) Terms of sale. B) Customer details. C) Name of managing director. D) Name of business location. Show Answer Correct Answer: C) Name of managing director. 16. What is the main purpose of the ordering and receiving system? A) Collecting, recording, and summarizing accounting information. B) Able to collect money into business quickly and according to schedule. C) Ordering at the lowest price and receiving the product according to the desired standard and on time. D) Bringing raw materials into the production process Controlling the efficient use of labor and machinery. Show Answer Correct Answer: C) Ordering at the lowest price and receiving the product according to the desired standard and on time. 17. Received credit for merchandise purchased on credit. A) Cash Payment Journal. B) Cash Receipt Journal. C) Purchases Journal. D) General Journal. E) Sales Journal. Show Answer Correct Answer: D) General Journal. 18. A DFD is a representation of which of the following? A) The logical operations performed by a computer program. B) Flow of data in an organization. C) Computer hardware database. D) Computer hardware configuration. E) Decision rules in a computer program. Show Answer Correct Answer: B) Flow of data in an organization. 19. The entries in a sales journal will show A) The credit sales of merchandise. B) All sales of the company. C) All sales of merchandise. D) The cash sales of the company. Show Answer Correct Answer: A) The credit sales of merchandise. 20. Which is not a characteristic of good information? A) It is compact. B) Complete and complete. C) There are many and various. D) It is reliable and accurate. Show Answer Correct Answer: C) There are many and various. 21. The most basic element of useful data in the database is A) The file. B) The key. C) The record. D) The attribute. Show Answer Correct Answer: D) The attribute. 22. What does trial balance mean? A) The documents obtained are used for recording accounting in the manual system. B) Documents obtained by posting journal entries. C) A document that shows the balances in every account of the general ledger. D) Documents are used for accounting and recording transactions starting from the occurrence of trade transactions. Show Answer Correct Answer: B) Documents obtained by posting journal entries. 23. Program Web Online You must download? A) Xampp. B) Editplus. C) Google Chrome. D) Wordpress. E) Xampp and Editplus. Show Answer Correct Answer: E) Xampp and Editplus. 24. What is the first step in the data processing cycle? A) Input. B) Output. C) Processing. D) Storage. Show Answer Correct Answer: A) Input. 25. Most of the inputs to the General Ledger System come from the Financial Reporting System. A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 26. Which is not a benefit from the results that come out of the accounting information system and are used as financial evidence? A) Helps sell products better. B) Helps as a tool to support finding funding sources for businesses. C) Helps businesses know the true profits of the organization. D) Helps as a tool for paying taxes. Show Answer Correct Answer: B) Helps as a tool to support finding funding sources for businesses. 27. The system is..... A) A group of elements that stand alone. B) A group of elements that are related to each other but have different purposes. C) A group of elements that are closely related to each other, which function together to achieve a common goal. D) A group of non-repeating elements. Show Answer Correct Answer: C) A group of elements that are closely related to each other, which function together to achieve a common goal. 28. What is the purpose of a remittance advice? A) To inform the credit customer that payment by cheque has been made for a specific invoice. B) To inform the credit supplier that payment by cheque has been made for a specific invoice. C) To inform the credit supplier of the amount owed after the business provided services . D) To inform the credit customer of the amount owed after the business sold goods. Show Answer Correct Answer: B) To inform the credit supplier that payment by cheque has been made for a specific invoice. 29. Proof of transactions between companies and vendors that will be included in the SIA database are as follows, except..... A) Vendor payments. B) Proof of delivery of goods/services. C) Vendor invoices. D) Purchase order. Show Answer Correct Answer: B) Proof of delivery of goods/services. 30. COGs of credit sale A) Cash Receipt Journal. B) General Journal. C) Cash Payment Journal. D) Purchases Journal. E) Sales Journal. Show Answer Correct Answer: E) Sales Journal. Next →Related QuizzesAccounting QuizzesFinance QuizzesAccounting 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