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Accounting Information Systems Quiz 8 (30 MCQs)

Quiz Instructions

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1. The sales system where buyers come to the company, select goods and pay is called
2. At the beginning of the month, the accounts receivable subsidiary ledger showed balances for AppleCompany $ 5, 000 and Berry Company $ 7, 000. Duringthe month, credit sales were made to Apple $ 6, 000, Berry $ 4, 500, and Cantaloupe $ 8, 500. Cash was collected on account from Berry $ 11, 500 and Cantaloupe$ 3, 000. At the end of the month, the control accountAccounts Receivable in the general ledger shouldhave a balance of:
3. What is the meaning of financial information system?
4. The following statements are inappropriate about the system:
5. Which is the benefit of the expense accounting information system to the operations of the business in preparing reports for users outside the business?
6. Which item is classified as information?
7. The Management Reporting System provides the internal financial information needed to manage a business.
8. Which of the following commonly initiates the data input process?
9. Aquila Trading is a computer parts retail shop. The business bought joysticks on credit from ABC Ltd.
10. Retrieval is the task of permanently removing obsolete or redundant records from the database
11. Depreciation on building
12. Which source document is used to check and tally against the records of its cash at bank account?
13. Which of the following is not an advantage of computerized accounting systems?
14. Johnson Pabrizio works in the accounting department of a multinational manufacturing company. His job includes updating accounts payable based on purchase orders and checks. His responsibilities are part of the company's
15. Which is not included in the data processing circuit?
16. Which document is the starting point for the purchasing accounting system?
17. In the case where the business returns the product to the seller Which department is responsible for delivering products and documents to sellers?
18. John Pablo works in the accounting department of a multinational manufacturing company. His job includes updating accounts receivable based on sales orders and remittance advices. His responsibilities are part of the company's
19. What is the important factor used in selecting a database program?
20. Accounting corresponds to which English language?
21. The one characteristic that all entries recorded in a cash receipts journal have in common is
22. A DFD consists of the following four basic elements:data sources and destinations, data flows, transformation processes, and data stores. Each is represented on a DFD by a different symbol
23. Companies use special journals to
24. At what level of decision-making are middle management of an organization typically involved?
25. What department is responsible for issuing receipts?
26. Credit sales of merchandise
27. Please pick the most suitable special journals to record the following transaction. Purchased goods worth $ 1000 from ABC Suppliers on Credit.
28. The business returned some faulty joysticks to ABC Ltd.
29. Data that has been processed so as to provide an answer or result to a question and assist in decision making. Information that can reduce uncertainty in data is called.....
30. Payment of creditors on account
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