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Chapter 2 - Quiz 2
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Questions in this quiz (20)
123) Common source documents for the revenue cycle include all of the following except
- AA) sales order.
- BB) receiving report.
- CC) delivery ticket.
- DD) credit memo.cycle
224) Which of the following documents would be found in the expenditure cycle?
- AA) delivery ticket
- BB) time card
- CC) credit memo
- DD) purchase order
325) Documents that are sent to customers or suppliers and then sent back to the company in the
course of a business transaction are known as- AA) turnaround documents.
- BB) source documents.
- CC) input documents.
- DD) transaction documents..
427) Which of the following is an example of source data automation?
- AA) a utility bill
- BB) POS (point-of-sale) scanners in retail stores
- CC) a bill of lading
- DD) a subsidiary ledger
528) Pre-numbering of shipping documents helps to verify that
- AA) documents have been used in order.
- BB) company policies were followed.
- CC) all transactions have been recorded.
- DD) source data automation was used to capture data.cuments..
629) Source documents generally help to improve accuracy in transaction processing because
- AA) they specify which information to collect.
- BB) logically related data can be grouped in the same area of the document.
- CC) they provide directions and steps for completing the form.
- DD) All of the above are correct. cycle.
730) In transaction processing, generally which activity comes first?
- AA) recording data in a journal
- BB) posting items to special journals
- CC) capturing data on source documents
- DD) recording data in a general ledgern11E9-9C
831) Which of the following statements is true?
- AA) Batch processing ensures that stored information is always current.
- BB) Batch input is more accurate than on-line data entry.
- CC) On-line batch processing is a combination of real-time and batch processing.
- DD) Batch processing is not frequently used.
932) The data processing method used by FedEx to track packages is an example of
- AA) real-time processing.
- BB) batch processing.
- CC) online batch processing.
- DD) real-time batch processing.
1033) Street Smarts is a retailer located in Naperville, Illinois. During the peak tourist season, it has
average daily cash and credit card sales in excess of $10,000. What is the best way for Street
Smarts to ensure that sales data entry is efficient and accurate?- AA) well-designed paper forms
- BB) source data automation
- CC) turnaround documents
- DD) sequentially numbered sales invoices
1134) In Petaluma, California, electric power is provided to consumers by Pacific Power. Each
month Pacific Power mails bills to 186,000 households and then processes payments as they are
received. What is the best way for this business to ensure that payment data entry is efficient and
accurate?- AA) well-designed paper forms
- BB) source data automation
- CC) turnaround documents
- DD) sequentially numbered bills
1235) Build Smarts is a supplier of building materials to more than 150 builders in the state of
Illinois. What is the best way for Build Smarts to ensure that all sales are recorded?- AA) well-designed paper forms
- BB) source data automation
- CC) turnaround documents
- DD) sequentially numbered sales invoicesect. cycle.
1336) Data processing includes all of the following except
- AA) verifying subsidiary ledger balances.
- BB) changing customer addresses.
- CC) removing inventory items no longer offered.
- DD) adding the name of a new vendor.n11E9-9C
1437) The Cape Fear Rocket Club heads out to the dunes of Cape Fear, Oregon every August to
pierce the sky with their fiery projectiles. An enterprising seller of t-shirts has devised a series of
designs that capture the spirit of the event in silk-screened splendor. His employees can be found
on many of the major intersections selling his products out of the backs of pickup trucks. What is
the best way for this business to ensure that sales data entry is efficient and accurate?- AA) well-designed paper forms
- BB) source data automation
- CC) turnaround documents
- DD) sequentially numbered forms
1538) Which of the following statements about data processing methods is true?
- AA) Online real-time processing does not store data in a temporary file.
- BB) Batch processing cannot be used to update a master file.
- CC) Control totals are used to verify accurate processing in both batch and online batch
processing. - DD) Online real-time processing is only possible with source data automation.
1641) Source data automation refers to
- AA) using devices to capture transaction data in machine-readable form at the time the transaction
is initiated. - BB) using the internet as the operating platform of an accounting information system.
- CC) using an accounting information system to electronically bill customers.
- DD) using an accounting information system to automate a previously manual transaction process.lls
- AA) using devices to capture transaction data in machine-readable form at the time the transaction
1742) What is the second step in the data processing cycle?
- AA) Input.
- BB) Output.
- CC) Storage.
- DD) Processing.
1843) A purchase requisition is a common source document used to facilitate which business
activity?- AA) customer sale
- BB) receipt of goods
- CC) inventory purchase
- DD) purchase requestssing.
1944) Identify the statement below that is not true with regards to the accounts receivable
subsidiary ledger.- AA) Every credit sale is entered individually into the subsidiary ledger.
- BB) Debits and credits in the subsidiary ledger must always equal.
- CC) The subsidiary ledgers play an important role in maintaining the accuracy of the data stored in
the AIS. - DD) The total of the subsidiary ledgers must equal the control account.
2045) Which of the following is not usually a consideration when designing a coding system?
- AA) government coding regulations
- BB) standardization
- CC) future expansion needs
- DD) ease of reporting
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- AIS - 166 Quiz on Chapter 2 - Quiz 2, created by Mahmoud Hemood on 20/10/2019.
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- Mahmoud Hemood
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- English
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