A) The transaction mechanism immediately checks each hour to see if any type of brand-new data is easily accessible for input and handling.

B) The performance of some organization activity mostly serves as the create for data input.

C) A general ledger regimen is queried to produce a trial balance at the end of an bookkeeping duration.

D) Data is just input when a source document is submitted to the audit department.

You are watching: Common source documents for the revenue cycle include all of the following except


2) An ERP mechanism might facilitate the purchase of direct products by every one of the adhering to except

A) selecting the best supplier by comparing bids.

B) preparing a purchase order as soon as inventory drops to reorder suggest.

C) routing a purchase order to a purchasing agent for approval.

D) interacting a purchase order to a supplier.


3) Which of the following is not true around the accounts receivable subsidiary ledger?

A) Debits and also credits in the subsidiary ledger need to always equal.

B) Eextremely crmodify sale is entered individually into the subsidiary ledger.

C) The complete of the subsidiary ledgers have to equal the regulate account.

D) The subsidiary ledgers play an important duty in maintaining the accuracy of the data stored in the AIS.


4) Which of the following is not normally a consideration as soon as making a coding system?

A) Government regulations on coding systems

B) Standardization

C) Future growth needs

D) Facilitating report preparation


5) The basic ledger

A) summarizes the transactions in journals.

B) only contains balance sheet accounts.

C) is posted in full to the basic journal.

D) is the initial place to document depreciation expense.


6) For a retail business, a delivery of inventory, from a merchant (with whom tbelow is an establiburned credit relationship) would certainly be initially videotaped in which type of accountancy record as component of which transactivity cycle?

A) purchases journal; expenditure cycle

B) basic journal; expenditure cycle

C) general ledger; expenditure cycle

D) cash disbursements journal; production cycle


7) Which of the complying with statements regarding one-of-a-kind journals is not true?

A) The balances in a unique journal need to always reconcile to the general ledger.

B) Special journals are used to record large numbers of repetitive transactions.

C) Special journals are periodically summarized and posted to the basic ledger.

D) Special journals carry out a specialized format for recording equivalent transactions.


8) Changing an employee"s hourly wage rate would certainly be recorded in which file?

A) Employee master file

B) Employee transactivity file

C) Payroll grasp file

D) Payroll transaction file


9) A typical source document might be

A) in some paper develop.

B) a computer system information entry display screen.

C) a notepad entry.

D) both A and B


10) Which step listed below is not thought about to be component of the information handling cycle?

A) information input

B) feedearlier from exterior sources

C) information storage

D) information processing


11) Documents have to be built up around 3 facets of each service task. What are they?

A) the company task, the resources it affects, the civilization who participate

B) the business activity, the transactions it creates, the affect on the financial statements

C) the inputs, outputs and also processes used

D) that is associated, what was sold, just how a lot was paid


12) The issuing of a purchase order is component of which transactivity cycle?

A) the revenue cycle

B) the production cycle

C) the human sources cycle

D) the expenditure cycle


13) The collection of job time tickets or time sheets is part of which transactivity cycle?

A) revenue cycle

B) manufacturing cycle

C) huguy resources cycle

D) expenditure cycle


14) Common source papers for the revenue cycle incorporate all of the adhering to except

A) sales order.

B) receiving report.

C) shipment ticket.

D) credit memo.


15) Which of the adhering to files would be discovered in the expenditure cycle?

A) distribution ticket

B) time card

C) credit memo

D) purchase order


16) Documents that are sent to customers or service providers and then sent earlier to the company in the course of a organization transaction are well-known as

A) turnabout papers.

B) source files.

C) resource information automation.

D) transactivity documents.


17) Which of the complying with is an example of source information automation?

A) a energy bill

B) POS (point-of-sale) scanners in retail stores

C) a bill of lading

D) a subsidiary ledger


18) Pre-numbering of resource records helps to verify that

A) all transactions have actually been videotaped given that the numerical sequence serves as a manage.

B) resource information automation was used to capture data.

C) papers have been offered in order.

D) firm plans were followed.


19) Source papers mostly help to enhance accuracy in transaction handling because

A) they specify which information to collect.

B) logically associated data have the right to be grouped in the same location of the document.

C) they carry out directions and measures for completing the develop.

D) All of the above are correct

20) When the sum of all entries in the subsidiary ledger equates to the balance in the matching general ledger account, it is assumed that

A) the recording procedures were specific.

B) all resource documents were videotaped.

C) adjusting entries are not compelled.

D) no errors exist in the subsidiary ledger.


21) The basic ledger account that corresponds to a subsidiary ledger account is well-known as a

A) dependent account.

B) attribute account.

C) entity account.

D) regulate account.


22) Pre-numbered checks, invoices, and purchase orders are examples of

A) sequence codes.

B) block codes.

C) team codes.

D) mnemonic codes.


23) A chart of accounts is an instance of (pick all that apply)

A) sequence codes.

B) block codes.

C) group codes.

D) mnemonic codes.


24) Product items are often coded with (pick all that apply)

A) sequence codes.

B) block codes.

C) group codes.

D) mnemonic codes.


25) Which of the complying with statements is false?

A) Codes must be continual via intfinished use.

B) Codes need to permit for growth.

C) Codes have to be as simple as feasible.

D) Codes need to be customized for each department of an company.


26) To be reliable, the chart of accounts have to

A) be as concise as feasible.

B) begin through account 001.

C) use only one coding approach.

D) contain enough detail to fulfill the information needs of the organization.


27) The chart of accounts of a corporate retail bookkeep would probably incorporate

A) work-in-process inventory.

B) a drawing account.

C) kept income.

D) both A and also C


28) In transaction handling, mostly which task comes first?

A) recording information in a journal

B) posting items to unique journals

C) recording data on source documents

D) recording information in a general ledger


29) The effectiveness of recording plenty of company transactions have the right to be best improved by the usage of

A) prenumbered source documents.

B) specialized journals.

C) posting references.

D) subsidiary ledgers.


30) A basic journal

A) would certainly be used to document monthly depreciation entries.

B) simplifies the procedure of recording big numbers of recurring transactions.

C) records all in-depth data for any kind of general ledger account that has individual sub-accounts.

D) has summary-level data for eincredibly account of the organization.


31) The basic ledger

A) is offered to document inregular or non-regime transactions.

B) simplifies the procedure of recording huge numbers of recurring transactions.

C) records all detailed information for any type of basic ledger account that has individual sub-accounts.

D) includes summary-level data for eexceptionally account of the company.


32) A subsidiary ledger

A) is offered to document infrequent or non-regime transactions.

B) simplifies the procedure of recording huge numbers of repetitive transactions.

C) documents all thorough data for any kind of general ledger account that has actually individual sub-accounts.

D) consists of summary-level data for eincredibly account of the organization.


33) A specialized journal

A) is supplied to record infrequent or non-routine transactions.

B) simplifies the process of recording large numbers of repeated transactions.

C) documents all thorough information for any general ledger account that has individual sub-accounts.

D) includes summary-level data for every account of the organization.


34) An audit trail

A) gives the implies to inspect the accuracy and also validity of ledger postings.

B) starts with the basic journal.

C) is immediately developed in eexceptionally computer-based indevelopment mechanism.

D) is an overview of videotaped transactions.


35) Worrying a grasp file, which of the complying with statements is false?

A) A grasp file is conceptually similar to a ledger in a hand-operated AIS.

B) A grasp file stores cumulative information.

C) A grasp file exists throughout fiscal periods.

D) A master file"s individual records are hardly ever, if ever before, readjusted.


36) Which of the adhering to is conceptually similar to a journal in a manual AIS?

A) database

B) grasp file

C) record

D) transaction file


37) Which of the complying with statements is true?

A) Batch handling ensures that stored indevelopment is always present.

B) Batch input is even more accurate than on-line information entry.

C) On-line batch processing is a combination of real-time and also batch processing.

D) Batch processing not commonly used.


38) The information handling approach used by FedEx to track packperiods is an instance of

A) real-time processing.

B) batch processing.

C) virtual batch handling.

D) real-time batch processing.


39) Which statement listed below about the AIS is false?

A) The AIS must have the ability to provide managers through detailed and operational information about the organization"s performance.

B) Both traditional financial measures and operational data are compelled for appropriate and complete evaluation of performance.

C) The AIS was frequently simply among the indevelopment devices provided by an company to collect and procedure financial and nonfinancial information.

D) Traditionally, many AIS have been designed so that both financial and also operational information are stored in a manner that facilitates their integration in reports.


D. traditionally, the majority of AIS have actually been designed so that both financial and also operational information are stored in a manner that facilitates their integration in reports

40) Callow Youth Clopoint (CYC) is a boutique retailer situated in Estes Park, Colorado. Throughout the top tourist season, it has actually average day-to-day cash and crmodify card sales in excess of $5,000. What is the best means for CYC to ensure that sales data entry is efficient and accurate?

A) Well-designed paper forms

B) Source information automation

C) Turnroughly documents

D) Sequentially numbered sales invoices


B. resource information automation

43) The quality assurance department at a huge manufacturing business enters information into the AIS that is supplied to produce a weekly report that summarizes the proportion of defective units in each product line. This is an example of

A) interior financial indevelopment.

B) inner nonfinancial indevelopment.

C) external financial information.

D) exterior nonfinancial information.


B. internal nonfinancial information

48) Hector Sanchez functions in the bookkeeping department of a multinational production firm. His job consists of updating accounts receivable based on sales orders and remittance advices. His duties are part of the company"s

A) revenue cycle.

B) expenditure cycle.

C) financing cycle.

D) manufacturing cycle.


A. revenue cycle

49) Hector Sanchez functions in the bookkeeping department of a multinationwide manufacturing agency. His job has updating accounts payable based upon purchase orders and checks. His obligations are part of the company"s

A) revenue cycle.

B) expenditure cycle.

C) financing cycle.

D) production cycle.


B. expenditure cycle

50) Many kind of small businesses select to outsource their payroll activities to firms that specialize in providing payroll solutions. Dolores Yu opeprices a payroll handling business in Calabasas, California. When she sends bills out to her clients, her work is component of her firm"s

A) revenue cycle.

B) expenditure cycle.

C) financing cycle.

D) manufacturing cycle.


A. revenue cycle

51) The coding approach most most likely provided for sales orders is referred to as a

A) team code.

B) block code.

C) information code.

D) sequence code.


D. sequence code

52) File handling contains all of the complying with except

A) verifying subsidiary ledger balances.

B) transforming customer addresses.

C) rerelocating inventory items no much longer readily available.

D) including the name of a new merchant.


A. verifying subsidiary ledger balances

53) Which of the adhering to is an instance of an ERP system?

A) Alexis uses a computerized indevelopment mechanism to keep track of all the financial data generated by her bakery. She is considering opening a new bakery on the eastern side of tvery own.

B) Betty has actually a device that keeps track of the accounts payable and also receivable for her plumbing organization. At the end of the year, the system helps her to prepare her taxes in just 2 hours.

C) Charlie keeps documents of all his business records in a shoe box. Each week he enters all of the information into spreadsheets that immediately geneprice purchase orders, based on prefigured out inventory reorder points. Production quotas for the coming week are additionally immediately generated based upon customer orders.

D) Doug is a free-lance photographer. He keeps records of all expenses and also earnings on his cell phone and also then emails them to himself eexceptionally month. The files are stored on his individual computer system and backed up to CD quarterly.


C

54) A specialized journal would certainly be the majority of most likely to be supplied to enter

A) sales transactions.

B) monthly depreciation adjustments.

C) annual closing entries.

D) stock issuance transactions.


A. sales transactions

56) Which of the following information would certainly many likely be reperceived by monitoring on an exception report?

A) Monthly cash budget

B) Quality regulate system failures

C) Unit sales by region and salesperson

D) Income statement


B. top quality manage mechanism failures

57) All of the complying with cases would likely be communicated in an exception report except

A) production stoppperiods.

B) weekly crmodify and also cash sales compariboy.

C) low inventory level.

D) cost variances outside acceptable array.


B. weekly crmodify and cash sales comparison

58) Changing an employee"s hourly wage price would certainly be taped where?

A) Employee understand file

B) Employee transactivity file

C) Special journal

D) Employee upday file


A. employee grasp file

59) Which of the following statements is not correct?

A) The audit trail is intended to verify the validity and accuracy of transaction recording.

B) The audit trail is composed of documents stored sequentially in an audit file.

C) The audit trail provides the indicates for locating and studying resource records.

D) The audit trail is created with record numbers and posting references.


B. the audit trail is composed of records stored sequentially in an audit file

60) File about which of the complying with facets of a organization activity is many likely to be taped in a transaction file?

A) Business activity

B) Reresources influenced by the service activity

C) People who participate in the company activity

D) Place the organization activity occurs


A. organization activity

61) Documents around every one of the following facets of a organization activity are many likely to be tape-recorded in a understand file except the

A) organization activity.

B) resources affected by the company task.

C) people that get involved in the company task.

D) location the service task occurs.


A. master file

62) Which of the adhering to statements about data handling methods is true?

A) Online real-time processing does not store data in a momentary file.

B) Batch handling cannot be provided to update a understand file.

C) Control totals are supplied to verify accurate handling in both batch and also virtual batch handling.

D) Online real-time processing is only possible through resource data automation.


A. online real-time processing does not store data in a short-lived file

63) In an ERP system, the module offered to record data around transactions in the revenue cycle is called

A) order to cash.

B) purchase to pay.

C) financial.

D) customer relationship administration.


A. order to cash

64) A distribution of inventory from a merchant, with whom a credit line is already established, would be initially videotaped in which kind of audit document and as component of what transaction cycle?

A) purchases journal; expenditure cycle

B) basic journal; expenditure cycle

C) basic ledger; expenditure cycle

D) cash disbursements journal; manufacturing cycle


A. purchases journal; expenditure cycle

65) Implementation of an ERP device requires boosted emphasis on all other than which of the adhering to controls ?

A) Segregation of duties between custody, authorization, and also recording

B) Documents entry controls on validity and accuracy

C) Controls over access to data

D) Appropriate disposal of hard copy reports


D. appropriate disposal of tough copy reports

66) Which statement below regarding the AIS and also managerial reports is false?

A) The AIS is finest used for financial data while the management information system is best made use of for operational data.

B) The AIS should be able to carry out managers via thorough operational information about the organization"s performance.

C) Both financial and also nonfinancial information are compelled for appropriate and finish review of organizational performance.

See more: Jon Snow Winter Is Coming Meme, It'S True

D) Many resource documents capture both financial and nonfinancial information around business transactions.


A. The AIS is best used for financial data while the management indevelopment device is finest utilized for operational data

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