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Chapter 2 - Quiz 1
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Questions in this quiz (20)
11) Which of the following commonly initiates the data input process?
- AAA) a business activity
- BBB) automatic batch processing
- CCC) an accounting department source document
- DDD) a trial balance query
22) A typical source document could be
- AA) some type of paper document.
- BB) a computer data entry screen.
- CC) the company's financial statements.
- DD) both A and B
33) Which of the following is not considered a source document?
- AA) A copy of the company's financial statements.
- BB) A copy of the company's shipping document.
- CC) A copy of the company's sales journal.
- DD) A copy of the company's ledger.
44) Which step below is not considered to be part of the data processing cycle?
- AA) data input
- BB) feedback from external sources
- CC) data storage
- DD) data processing
55) 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- AA) revenue cycle.
- BB) expenditure cycle.
- CC) financing cycle.
- DD) production cycle.
66) John Pablo 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- AA) revenue cycle.
- BB) expenditure cycle.
- CC) financing cycle.
- DD) production cycle.
77) Many small businesses choose to outsource their payroll activities to firms that specialize in
providing payroll services. Dolores Yu operates a payroll processing business in Calabasas,
California. When she sends bills out to her clients, her work is part of her firm's- AA) revenue cycle.
- BB) expenditure cycle.
- CC) financing cycle.
- DD) production cycle.
88) A delivery of inventory from a vendor, with whom a credit line is already established, would
be initially recorded in which type of accounting record and as part of what transaction cycle?- AA) purchases journal; expenditure cycle
- BB) general journal; expenditure cycle
- CC) general ledger; expenditure cycle
- DD) cash disbursements journal; production cycle.
99) Making payments to a vendor, with whom a credit line is already established, would be
initially recorded in which type of accounting record and as part of what transaction cycle?- AA) purchases journal; expenditure cycle
- BB) general journal; expenditure cycle
- CC) general ledger; expenditure cycle
- DD) cash disbursements journal; expenditure cycle
1011) Identify the four parts of the transaction processing cycle.
- AA) data input, data storage, data processing, information output
- BB) data input, data recall, data processing, information output
- CC) data input, data recall, data transmission, information output
- DD) data input, data recall, data transmission, data storage journal; expenditure cycle
1112) What is the most frequent revenue cycle transaction?
- AA) purchase of inventory
- BB) receipt of cash
- CC) sale to customer
- DD) billing
1214) Identify the item below that is not one of the four different types of data processing activities.
- AA) creating
- BB) reading
- CC) using
- DD) deletingi
1315) What is the final step in the data processing cycle?
- AA) output
- BB) storage
- CC) processing
- DD) input
1416) What is the first step in the data processing cycle?
- AA) output
- BB) storage
- CC) processing
- DD) input
1517) The general ledger
- AA) summarizes the information on the trial balance.
- BB) is posted in total to the general journal.
- CC) only includes balance sheet accounts.
- DD) summarizes the transactions in journals.nization11E9-9C
1618) For a retail business, a delivery of inventory, from a vendor (with whom there is an
established credit relationship) would be initially recorded in which type of accounting record as
part of which transaction cycle?- AA) purchases journal; expenditure cycle
- BB) general journal; expenditure cycle
- CC) general ledger; expenditure cycle
- DD) cash disbursements journal; production cycle
1719) Data must be collected about three facets of each business activity. What are they?
- AA) the business activity, the resources it affects, the people who participate
- BB) the business activity, the transactions it creates, the impact on the financial statements
- CC) the inputs, outputs and processes used
- DD) who is involved, what was sold, how much was paid.
1820) Issuing a purchase order is part of which transaction cycle?
- AA) the revenue cycle
- BB) the expenditure cycle
- CC) the human resources cycle
- DD) the production cycle
1921) The collection of employee time sheets is part of which transaction cycle?
- AA) the revenue cycle
- BB) the production cycle
- CC) the human resources cycle
- DD) the expenditure cycle
2022) The collection of customer payment is part of which transaction cycle?
- AA) the revenue cycle
- BB) the production cycle
- CC) the human resources cycle
- DD) the expenditure cycleycle
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- AIS - 166 Quiz on Chapter 2 - Quiz 1, created by Mahmoud Hemood on 20/10/2019.
- Author
- Mahmoud Hemood
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- English
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