{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

384_F08_Midterm

384_F08_Midterm - Accounting 384 Midterm Fall 2008(150...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting 384 - Midterm Fall 2008 (150 points) Name__________________________________ Section _________________________________ MULTIPLE CHOICE (15 questions @ 4 points each = 60 total points) Identify the choice that best completes the statement or answers the question. 1. Information that does not omit important aspects of the underlying events or activities that it measures is a) Complete b) Accessible c) Relevant d) Timely 2. When two knowledgeable people acting independently each produce the same information, this information is said to be a) Complete b) Relevant c) Reliable d) Verifiable 3. An accounting information system must be able to perform which of the following tasks? 4. The business owners obtain financing from outside investors, which results in an inflow of cash into the company. This transaction is considered to be part of which cycle? 5. Businesses usually use some type of documents in the data input step of the data processing cycle. Documents that are sent to customers or suppliers and then sent back to the organization in the course of a business transaction are known as Score on page_______
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Acct 384 Fall 2008 - Midterm Page 2 6. A listing of general ledger accounts by account number is called the 1. chart of accounts. 2. listing of accounts. 3. trial balance. 4. subsidiary accounts. 7. Something about which information is stored is a) attribute b) database c) entity d) record
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern