Semester_Two_Final_Examinations__2017_ACCT7101.pdf - Semester Two Final Examinations 2017 ACCT7101 Accounting This exam paper must not be removed from

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Semester Two Final Examinations, 2017 ACCT7101 Accounting Page 1 of 12 This exam paper must not be removed from the venueSchool of Business EXAMINATION Semester Two Final Examinations, 2017 ACCT7101 Accounting This paper is for St Lucia Campus students. Examination Duration: 180 minutes Reading Time: 10 minutes Exam Conditions: This is a Central Examination This is a Closed Book Examination - specified materials permitted During reading time - write only on the rough paper provided This examination paper will be released to the Library Materials Permitted In The Exam Venue: (No electronic aids are permitted e.g. laptops, phones) Calculators - Casio FX82 series or UQ approved (labelled) Materials To Be Supplied To Students: 1 x 14 Page Answer Booklet 1 x Multiple Choice Answer Sheet Instructions To Students: Additional exam materials (eg. answer booklets, rough paper) will be provided upon request. Please write your answers to ALL questions in the Answer Booklet provided and show all workings. Venue ____________________ Seat Number ________ Student Number |__|__|__|__|__|__|__|__| Family Name _____________________ First Name _____________________ For Examiner Use Only Question Mark Total ________
Semester Two Final Examinations, 2017 ACCT7101 Accounting Page 2 of 12 Part A consists of 20 Multiple Choice Questions. (20 marks) Your answer to each question should be entered onto the MCQ answer sheet provided. 1. Which of the following statements is false? a. the same basic principles of accounting apply whether the accounting information system is manual or computerised. b. generally small entities require much more sophisticated accounting systems than large entities. c. cost-effectiveness is a basic principle underpinning efficient and effective accounting information systems. d. cost-effectiveness means that the costs of providing information are less than the benefits from use of that information. 2. Each of the following is a feature of internal control except: 3. The custodian of a company asset should: 4. Which of the following is not a basic principle of cash management?
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