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Chapter 2 - Quiz 3
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Questions in this quiz (20)
146) Which of the following statements regarding special journals is not true?
- AA) The balances in a special journal must always reconcile to the general ledger.
- BB) Special journals are used to record large numbers of repetitive transactions.
- CC) Special journals are periodically summarized and posted to the general ledger.
- DD) Special journals provide a specialized format for recording similar transactions. the control account.
247) A change in an employee's hourly pay would be recorded in
- AA) the payroll master file.
- BB) a payroll transaction file.
- CC) the employee master file.
- DD) the employee transaction file.rting
348) When the sum of all entries in the subsidiary ledger equals the balance in the corresponding
general ledger account, it is assumed that- AA) the recording processes were accurate.
- BB) all source documents were recorded.
- CC) adjusting entries are not required.
- DD) no errors exist in the subsidiary ledger. cycle.
449) The general ledger account that corresponds to a subsidiary ledger account is known as a(n)
- AA) dependent account.
- BB) control account.
- CC) credit account.
- DD) attribute account.file.rting
550) The type of journal that records large numbers of repetitive transactions such as sales, cash
receipts, and cash disbursements is- AA) a general journal.
- BB) a subsidiary journal.
- CC) a specialized journal.
- DD) a detailed transaction journal.n
651) Pre-numbered shipping documents and pre-numbered invoices are examples of
- AA) sequence codes.
- BB) block codes.
- CC) group codes.
- DD) mnemonic codes.
754) Product code WSH500D08 is an example of
- AA) sequence codes.
- BB) block codes.
- CC) group codes.
- DD) mnemonic codes.
855) Identify the statement below that is false with regards to effective coding practices.
- AA) Codes should allow for growth.
- BB) Codes should be consistent with intended use.
- CC) Codes should be customized for each division of an organization.
- DD) Codes should be as simple as possible.
956) All of the following are guidelines for developing a good coding system except
- AA) be consistent with its intended use.
- BB) be flexible to allow for growth.
- CC) be as sophisticated as possible to promote usage.
- DD) be consistent with the company's organization structure.as possible.
1057) To be effective, the chart of accounts must
- AA) not use alpha-numeric characters.
- BB) contain sufficient detail.
- CC) utilize only one coding technique.
- DD) begin with account 001.ile.rting
1158) The chart of accounts of a fast-food restaurant would probably include
- AA) a list of vendors.
- BB) a list of financial statement accounts.
- CC) a list of customers.
- DD) a list of employees.g
1259) The efficiency of recording numerous business transactions can be best improved by the use
of- AA) prenumbered source documents.
- BB) specialized journals.
- CC) posting references.
- DD) subsidiary ledgers.
1360) A general journal
- AA) would be used to record monthly depreciation entries.
- BB) simplifies the process of recording large numbers of repetitive transactions.
- CC) records all detailed data for any general ledger account that has individual sub-accounts.
- DD) contains summary-level data for every account of the organization.
1461) The general ledger
- AA) is used to record infrequent or non-routine transactions.
- BB) simplifies the process of recording large numbers of repetitive transactions.
- CC) records all detailed data for any general ledger account that has individual sub-accounts.
- DD) contains summary-level data for every account of the organization.l
1562) A subsidiary ledger
- AA) is used to record infrequent or non-routine transactions.
- BB) simplifies the process of recording large numbers of repetitive transactions.
- CC) records all detailed data for any general ledger account that has individual sub-accounts.
- DD) contains summary-level data for every account of the organization.
1663) A specialized journal
- AA) is used to record infrequent or non-routine transactions.
- BB) simplifies the process of recording large numbers of repetitive transactions.
- CC) records all detailed data for any general ledger account that has individual sub-accounts.
- DD) contains summary-level data for every account of the organization.
1764) Which statement below is true with regards to an audit trail?
- AA) An audit trail begins with the general journal.
- BB) An audit trail provides the means to check the accuracy and validity of ledger postings.
- CC) An audit trail is a summary of recorded transactions.
- DD) An audit trail is automatically created in every computer-based information system.c
1865) Which of the following statements about a master file is false?
- AA) A master file is conceptually similar to a ledger in a manual AIS.
- BB) A master file's individual records are rarely, if ever, changed.
- CC) A master file exists across fiscal periods.
- DD) A master file stores cumulative information.
1966) Which of the following is conceptually similar to a journal in a manual AIS?
- AA) database
- BB) master file
- CC) record
- DD) transaction file
2067) Catarina Boards is a skateboard retailer located in Pueblo, New Mexico. Catarina Boards is a
sole proprietorship that stocks an inventory of between 30 and 50 different skateboards.
Inventory is updated in real time by the AIS. If Catarina wishes to keep detailed information
about the purchase price of each skateboard in a place outside of the general ledger, it might use
a- AA) relational ledger.
- BB) transaction file.
- CC) master file.
- DD) specific ledger.
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- AIS - 166 Quiz on Chapter 2 - Quiz 3, created by Mahmoud Hemood on 20/10/2019.
- Author
- Mahmoud Hemood
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- English
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