AIS Quiz ch 10 - 1 All of the following edit checks for...

1.
All of the following edit checks for online editing of accounts receivable transactions would
probably be included except
Student Response Value Correct Answer
A. validity checks on
customer and invoice
numbers.
B. check digit verification
on the amount of the
sale.
C. closed loop verification
on the customer name
to ensure the proper
account is being
updated.
0%
D. field checks on the
values in dollar fields.
Score:
0/1
2.
The revenue cycle is a recurring set of business activities and related information processing
operations associated with providing goods and services to customers and collecting cash in
payment for those sales. With whom is the primary external exchange of information?
Score:

1/1
3.
Well-designed AIS controls must ensure that all transactions are authorized, valid, and properly
recorded. In addition, there are three other AIS objectives. Which is not an AIS objective?
Score:
1/1
4.
How is credit approval generally handled for well-established customers with a documented
payment history?