Exam (elaborations)
AIN2601 Assessment 3 3rd Attempt Semester 2 2023 Q&A
- Course
- (AIN2601)
- Institution
- University Of South Africa (Unisa)
AIN2601 Assessment 3 3rd Attempt Semester 2 2023 Q&A Guaranteed distinction
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UNISA 2023 AIN2601-23-S2 Assessment 3QUIZ
Started on Friday, 15 September 2023, 10:59 AM
State Finished
Completed on Friday, 15 September 2023, 11:59 AM
Time taken 1 hour
Grade 33.00 out of 50.00 (66%)
Question 1
Incorrect
Mark 0.00 out of 1.00
Sometimes the general ledger may consist of transactions that are not updated.
Select one:
True
False
The correct answer is 'False'.
Question 2
Correct
Mark 1.00 out of 1.00
Which of the following is a cash book option?
1. batch
2. discount
3. edit document
4. description
Your answer is correct.
The correct answer is:
batch
,Question 3
Correct
Mark 1.00 out of 1.00
Which of the following is not an item in the Edit customer accounts?
1. account code
2. setup tab
3. terms tab
4. balance tab
Your answer is correct.
The correct answer is:
setup tab
Question 4
Incorrect
Mark 0.00 out of 1.00
You have an account (30 day term) at TEDGARS Fashion, you’ve always used shopping as a form of retail therapy and now
you owe R5600 made up as follows:
- R 1800 on invoice IN890 dated 4 Jan 2023
- R 1100 on invoice IN1059 dated 11 Jan 2025
- R 300 on invoice IN1189 dated 17 Jan 2023
- R 2400 on invoice IN1489 dated 9 Feb 2023
What is the amount due at 28 February 2023? R5600
The correct answer is: 3200
Question 5
Correct
Mark 1.00 out of 1.00
What is required to separately track the profitability of physical inventory items?
1. subaccounts
2. accounts
3. categories
4. codes
Your answer is correct.
The correct answer is:
subaccounts
, Question 6
Correct
Mark 1.00 out of 1.00
Although there is no physical movement of inventory when a sales order is created, an artificial movement in quantity is
necessary to ensure that the organisation doesn’t sell items already promised to a client.
Select one:
True
False
The correct answer is 'True'.
Question 7
Correct
Mark 1.00 out of 1.00
Which of the following is not an advantage of capturing transactions into a source document?
1. it saves time
2. transactions are more understandable.
3. transactions can be traced.
4. less errors will be made.
Your answer is correct.
The correct answer is:
it saves time
Question 8
Correct
Mark 1.00 out of 1.00
Upon the return of inventory items by a customer, a credit note is created in the AIS and sent to the
customer.
The correct answer is: credit
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