Exam (elaborations)
Ain2601 Assignement 3 Semester 2 2024 All Questions are covered
- Institution
- University Of South Africa (Unisa)
Ain2601 Assignement 3 Semester 2 2024 All Questions are covered
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Assessment 3: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=228AIN2601-24-S2 Assessment 3
QUIZ
Started on Wednesday, 2 October
2024, 11:08 AM
State Finished
Completed on Wednesday, 2 October
2024, 11:35 AM
Time taken 27 mins 5 secs
(%)
Question 1
Complete
Mark 1.00 out of 1.00
Viewing will not change the underlying
data, but it will
1. con�rm if the data is complete
2. convert the data into meaning
information
3. sort, calculate, summarise and
classify data.
4. allow the viewer to determine if
the data is without errors
1 of 18 2024/10/02, 11
,Assessment 3: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=228
Question 2
Complete
Mark 1.00 out of 1.00
The reason why we only see totals
re�ected in the payroll system and not
individual item paid to the employees (as
seen in the AIS) is because salary
information is personal and sensitive.
Select one:
True
False
Question 3
Complete
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 outstanding at
28 February 2023? 4500
2 of 18 2024/10/02, 11
,Assessment 3: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=228
Question 4
Complete
Mark 1.00 out of 1.00
Which one is NOT a reason for customer
requesting a quotation from an
organisation?
a. To determine how much their
order may cost them
b. To determine when inventory can
be delivered
c. To determine if inventory is
available
d. It’s part of the process of
processing an order
Question 5
Complete
Mark 1.00 out of 1.00
General ledger account details report
which shows all accounting entries
pertaining to �nancing obtained should be
used when performing reconciliation with
THIRD party statements.
Question 6
Complete
Mark 1.00 out of 1.00
The municipal account can be paid with
one cheque which can be separately
allocated to the general ledger account for
electricity, water and rates.
Select one:
True
False
3 of 18 2024/10/02, 11
,Assessment 3: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=228
Question 7
Complete
Mark 1.00 out of 1.00
When converting from balance forward to
open item processing the ageing for
transactions processed under the balance
forward method will be able to re�ect as if
open item processing was used from the
start of the account.
Select one:
True
False
Question 8
Complete
Mark 1.00 out of 1.00
Who is responsible for determining the
credit limit for each customer individually?
1. Sales manager
2. Credit manager
3. Financial manager
4. Customer manager
Question 9
Complete
Mark 1.00 out of 1.00
It is not a requirement that customer must
always request a quotation as they can
directly place an order with the
organisation.
Select one:
True
False
4 of 18 2024/10/02, 11
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