This quiz works best with JavaScript enabled. Home > Finance > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 4 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Clerical activities include A) Operational procedures. B) Posting journals. C) Transaction journal. D) Counting units. Show Answer Correct Answer: D) Counting units. 2. What documents are in the process of receiving orders from customers? A) Tax invoice. B) Credit note. C) Sales order form. D) Waybill. Show Answer Correct Answer: C) Sales order form. 3. What type of business does not require a sales and billing system? A) Industrial affairs. B) Hospital or nursing home. C) Government. D) Bank. Show Answer Correct Answer: C) Government. 4. 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. 5. 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) An advantage of the subsidiary ledger is that itpermits a division of labor in posting. D) A subsidiary ledger is a group of accounts with acommon characteristic. Show Answer Correct Answer: A) The purchases ledger is a common subsidiaryledger for creditor accounts . 6. Cash sales of merchandise are recorded in the A) Sales journal. B) General journal. C) Cash payments journal. D) Cash receipts journal. Show Answer Correct Answer: D) Cash receipts journal. 7. 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. 8. The internal auditor represents the interests of third-party outsiders. A) FALSE. B) TRUE. Show Answer Correct Answer: A) FALSE. 9. 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. 10. How is information different from raw data? In terms of data users A) Information must take time to be obtained. But raw data is available every day. B) Not yet cooked. C) Information is useful. The raw data is not yet useful. D) The information is still not useful. Raw data is useful. Show Answer Correct Answer: C) Information is useful. The raw data is not yet useful. 11. Record sales of merchandise on credit in the A) Cash Payments Journal. B) Purchases Journal. C) General Journal. D) Cash Receipts Journal. E) Sales Journal. Show Answer Correct Answer: E) Sales Journal. 12. Telemarketers are using students' detail to promote tertiary education plan. Which category of social issue is it? A) Personal privacy. B) Employment. C) Information thief. D) Digital divide. Show Answer Correct Answer: A) Personal privacy. 13. Analytical techniques used to explain aspects of information systems clearly, precisely and logically are..... A) Accounting information system/AIS. B) Flowchart. C) Database. D) Flow diagram. Show Answer Correct Answer: B) Flowchart. 14. Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives? A) Top management. B) Middle management. C) Operations management. D) Line management. Show Answer Correct Answer: B) Middle management. 15. The functional organizational structure organizes the activities of a business around areas of specialization. it is A) Business segment. B) Functional segment. C) Information Technology Function. D) Accounting functional. Show Answer Correct Answer: B) Functional segment. 16. A subsidiary ledger is ..... A) An accounting journal designed to record a specific type of transaction. B) A record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account. C) A created list of accounts used by a business entity to define each class of items for which cash is spent or received. D) A complete record of business transactions recorded in a ledger over the life of a company. Show Answer Correct Answer: B) A record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account. 17. Which of the following attributes in the Cash Disbursement table would most likely be a foreign key? A) Cash disbursment number. B) Cash Disburment Monthly. C) Cash Disburment Date. D) Vendor number. E) Customer check number. Show Answer Correct Answer: D) Vendor number. 18. One citizen There will be only one ID card number. And one national identification number can only be used with one person. What kind of relationship will it represent in the database system? A) There is no correct answer. B) One to one. C) One per group. D) Group to group. Show Answer Correct Answer: B) One to one. 19. An accounting information system collects and processes transaction data and communicates financial information to decision-makers. A) False. B) True. Show Answer Correct Answer: B) True. 20. Which is the payment process? A) Prepare a bill. B) Send invoices to customers. C) Receive debt payments and deposit money into the bank. D) Collect outstanding vouchers. Show Answer Correct Answer: D) Collect outstanding vouchers. 21. Database management tasks do not include A) Storage. B) Summarization. C) Deletion. D) Retrieval. Show Answer Correct Answer: B) Summarization. 22. Effective information has all of the following characteristics except A) Completeness. B) Structure. C) Relevance. D) Summarization. Show Answer Correct Answer: B) Structure. 23. Northern Company sold goods to Eastern Enterprises for $ 1, 000 on account. Cost of goods sold was $ 745. Northern uses a perpetual inventory system and special journals. The cost of goods sold is recorded in the ..... column of the sales journal. A) Cost of Goods Sold CR, Merchandise Inventory DR. B) Sales Revenue DR, Accounts Receivable CR. C) Cost of Goods Sold DR, Merchandise Inventory CR. D) Accounts Receivable DR, Sales Revenue CR. Show Answer Correct Answer: C) Cost of Goods Sold DR, Merchandise Inventory CR. 24. Which program in the Microsoft Office suite is suitable for accounting work? A) Microsoft Excel. B) Microsoft Word. C) Microsoft Powerpoint. D) Microsoft Access. Show Answer Correct Answer: A) Microsoft Excel. 25. Which is not a principle of analysis for giving credit to customers? A) Customer reputation in the business industry. B) Type of business. C) The customer's financial status and stability. D) Customer reliability. Show Answer Correct Answer: B) Type of business. 26. Which of the following? It is an advantage to use shared databases as much as possible. A) Reduce data conflicts and redundancy in data collection. B) Added built-in section design and control structure. C) The database has the qualities of good information. D) Collect information easily. Show Answer Correct Answer: A) Reduce data conflicts and redundancy in data collection. 27. Sales discount taken on goods sold. A) Cash Receipt Journal. B) Sales Journal. C) Cash Payment Journal. D) General Journal. E) Purchases Journal. Show Answer Correct Answer: A) Cash Receipt Journal. 28. Assume that you are Financio project manager. Which documentation should you prepare before your resignation? A) System documentation. B) Operation documentation. C) User documentation. D) Program documentation. Show Answer Correct Answer: A) System documentation. 29. Narratives, flowcharts, diagrams, and other written explanations that explain how a system works are the definition of..... A) Flow diagram. B) Flowchart. C) Documentation. D) Process. Show Answer Correct Answer: C) Documentation. 30. Sale of merchandise on account A) Sales Journal. B) Cash Receipt Journal. C) Cash Payment Journal. D) General Journal. E) Purchases Journal. Show Answer Correct Answer: A) Sales Journal. ← PreviousNext →Related QuizzesAccounting QuizzesFinance 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books