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Accounting Information Systems - Chapter 2 (MCQs) questions with correct answers.
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Accounting Information Systems - Chapter 2 (MCQs) questions with correct answers.

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  • September 5, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • accounting information systems chapter 2 mcqs

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  • Accounting Information System
  • Accounting Information System

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Accounting Information Systems -
Chapter 2 (MCQs) questions with
correct answers.
Which system is not part of the expenditure cycle?



a. cash disbursements

b. payroll

c. production planning/control

d. purchases/accounts payable ANS - c.



Which system produces information used for inventory valuation, budgeting, cost control, performance
reporting, and make-buy decisions?



a. sales order processing

b. purchases/accounts payable

c. cash disbursements

d. cost accounting ANS - d.



Which of the following is a turn-around document?



a. remittance advice

b. sales order

c. purchase order

d. payroll check ANS - a.



The order of the entries made in the ledger is by

, a. transaction number

b. account number

c. date

d. user ANS - b.



The order of the entries made in the general journal is by



a. date

b. account number

c. user

d. customer number ANS - a.



In general a special journal would not be used to record



a. sales

b. cash disbursements

c. depreciation

d. purchases ANS - c.



Which account is least likely to have a subsidiary ledger?



a. sales

b. accounts receivable

c. fixed assets

d. inventory ANS - a.



Subsidiary ledgers are used in manual accounting environments. What file is comparable to a subsidiary
ledger in a computerized environment?

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