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Accounting Information Systems Quiz 1-3 questions with actual answers.
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Accounting Information Systems Quiz 1-3 questions with actual answers.
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Accounting Information Systems Quiz 1-3 questions with actual answers.
Terms like "master file" and "transaction file" are most commonly associated with which generic
element of the accounting information system? ANS - Storage
Which of the following is not essential to the definition of an accounting information system? ANS -
Software
Which of the remaining four business processes most closely relates to the payroll portion of the Human
Resource Process? ANS - Acquisition/Payment
Which of the following is the best example of an Internal Control in the Accounting Information System?
ANS - Bank reconciliation
Which of the following best pairs a generic element of the AIS with a specific example of that element:
ANS - Internal Control, General Ledger software
All of the following are facts about an Accounting Information System (AIS) except: ANS - An AIS always
incorporates information technology.
Consider the trial balance of DMN Corporation in Table 2.1 of your text. Based on the trial balance only,
DMN s income statement would report: ANS - Net loss of $1,300
Human judgment involved when using an AIS system includes: ANS - All-Determining if and when to
record a transaction, Estimating amounts, and Interpreting accounting rules
Which of the following coding systems best describes "ACCT-307"? ANS - Mnemonic
BRN Corporation has two divisions: California and Nevada. Both divisions use the same chart of
accounts. Current assets use numbers in the 100s; plant assets use numbers in the 200s; etc. When the
divisions transfer data to the corporate system, BNN adds the letter C to account numbers that the
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