This quiz works best with JavaScript enabled. Home > Finance > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 5 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Transaction processing systems convert non-financial transactions into financial transactions A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 2. Learn Flow chart, DFD, ERD, Business Process and Web make Characteristic/ Quality Accounting Information ( Financial Reporting), Except A) Reliable. B) Relevant. C) Timeline. D) Verifiabel. E) Integrity. Show Answer Correct Answer: E) Integrity. 3. Which is the reason why it is necessary for today's accountants to learn and study information technology? A) Currently, information technology is used to collect accounting data. B) Advances in information technology have caused changes in business processes. Which ultimately affects the accounting information system. C) Auditing in a business that uses computers for processing needs to evaluate the internal controls of the computer system. D) All correct. Show Answer Correct Answer: D) All correct. 4. Return of merchandise sold for credit. A) Cash Payment Journal. B) Purchases Journal. C) Cash Receipt Journal. D) Sales Journal. E) General Journal. Show Answer Correct Answer: E) General Journal. 5. The database administrator is responsible for the security and integrity of the database. A) FALSE. B) TRUE. Show Answer Correct Answer: B) TRUE. 6. Which is the benefit of accounting information? A) It is a way to study competitors. B) It is a way to earn profits. C) It is a way to reduce the number of employees. D) It is information for use in deciding both short-term and long-term operations. Show Answer Correct Answer: D) It is information for use in deciding both short-term and long-term operations. 7. On what journal would you record a cash sale? A) Cash Receipts Journal. B) Purchases Journal. C) Sales Journal. D) General Journal. Show Answer Correct Answer: A) Cash Receipts Journal. 8. Which is not an objective of a revenue accounting information system? A) The credit limit approval is carefully screened. B) Product returns are approved and in accordance with established regulations. C) Debt payments are recorded completely and correctly. D) Invoicing for products is accurate and timely. Show Answer Correct Answer: C) Debt payments are recorded completely and correctly. 9. Postings from the purchases journal to the subsidiaryledger are generally made: A) Weekly. B) Yearly. C) Monthly. D) Daily. Show Answer Correct Answer: D) Daily. 10. The reason why some bookkeepers still do accounting by hand (Manual)Why? A) More confident than doing it on a computer. B) Don't know how to use a computer. C) The business that is being operated does not have a computer to use. D) All correct. Show Answer Correct Answer: D) All correct. 11. Documentation methods such as DFDs, BPDs, and flowcharts save both time and money, adding value to an organization? A) False. B) True. Show Answer Correct Answer: B) True. 12. Which of the following statements is FALSE? A) Flowcharts make use of many symbols. B) DFDs help convey the timing of events. C) A document flowchart emphasizes the flow of documents or records containing data. D) Both a and b are false. Show Answer Correct Answer: B) DFDs help convey the timing of events. 13. Which of the following is a software program that runs a database system? A) SECTION. B) DML. C) DBMS. D) DDL. Show Answer Correct Answer: C) DBMS. 14. A subsidiary ledger containing only accounts for charge customers. A) Accounts payable account. B) Accounts payable ledger. C) Accounts receivable accounts. D) Accounts receivable ledger. Show Answer Correct Answer: D) Accounts receivable ledger. 15. Documentation tools, statements is FALSE? A) Flowchart. B) ERD. C) Data Flow Diagram (DFD). D) Business Process. E) Database Management System (DBMS). Show Answer Correct Answer: E) Database Management System (DBMS). 16. The accounting information system ..... and processes transaction data and communicates financial information to decision makers. A) Checks. B) Identify. C) Posting. D) Collects. Show Answer Correct Answer: D) Collects. 17. Each of the following is a subsidiary ledger except the: A) Customer's ledger. B) Accounts receivable ledger. C) Accounts payable ledger. D) General ledger. Show Answer Correct Answer: D) General ledger. 18. Which is NOT professional responsibilities of employers and employee? A) Managers should assess projects carefully, considering areas such as cost and risk in relation to the aims of their employer. B) Employee should find solutions to help the company achieve its goals. C) Employee should not take responsible for company asset. D) Employee should seek advice from appropriate legal department if need help. Show Answer Correct Answer: C) Employee should not take responsible for company asset. 19. The value of information for users is determined by all of the following but A) Reliability. B) Relevance. C) Completeness. D) Convenience. Show Answer Correct Answer: D) Convenience. 20. In a flat-file system, files are easily shared by users A) FALSE. B) TRUE. Show Answer Correct Answer: A) FALSE. 21. Which is the first part that must be created when creating a database program? A) Questionnaire. B) Form. C) Report. D) Table. Show Answer Correct Answer: D) Table. 22. Under SOX legislation auditors are no longer allowed to provide consulting services to audit clients. A) FALSE. B) TRUE. Show Answer Correct Answer: B) TRUE. 23. The balance of a control account in the general ledger A) Is always greater than the composite balance of individual accounts in a related subsidiary ledger. B) Must equal the composite balance of individual accounts in a related subsidiary ledger. C) Must equal the amount of total assets. D) Must always be zero. Show Answer Correct Answer: B) Must equal the composite balance of individual accounts in a related subsidiary ledger. 24. Which form is the first step in the expense cycle? A) Purchase order. B) Payment voucher. C) Product receipt. D) Purchase offer. Show Answer Correct Answer: D) Purchase offer. 25. Collection on account from customers A) Cash Receipt Journal. B) Purchases Journal. C) Cash Payment Journal. D) General Journal. E) Sales Journal. Show Answer Correct Answer: A) Cash Receipt Journal. 26. 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) Shipping order. D) Purchase order. Show Answer Correct Answer: A) Purchase offer. 27. Which source document would be used to increase the amount owed by a credit customer? A) Receipt. B) Credit note. C) Invoice. D) Debit note. Show Answer Correct Answer: D) Debit note. 28. 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) Invitation to bid. B) Shipping order. C) Purchase offer. D) Purchase order. Show Answer Correct Answer: C) Purchase offer. 29. A company typically enters data only once in a manual accounting system A) True. B) False. Show Answer Correct Answer: B) False. 30. What does electronic commerce (E-Commerce) mean? A) Transactions via mail. B) Transactions through media electronics. C) Doing international business. D) Doing business between each other. Show Answer Correct Answer: B) Transactions through media electronics. ← PreviousNext →Related QuizzesAccounting QuizzesFinance 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books