AIS Ch 12 Practice Quiz.docx - Consider the following information items as you respond to the questions i Customer master file ii Journal entry to

AIS Ch 12 Practice Quiz.docx - Consider the following...

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Consider the following information items as you respond to the questions: i. Customer master file ii. Journal entry to record the receipt of cash iii. Pre-numbered documents iv. Schedule of accounts receivable Accounting information systems have five generic elements. Which of the following statements is most true? A. All five generic elements are represented in the four information items. B. The information items omit anything related to outputs of the AIS. C. The information items omit anything related to processing in the AIS. D. Both the information items omit anything related to outputs of the AIS and the information items omit anything related to processing in the AIS are true. Accounting information systems have five generic elements. Which of the following is an example of the same element as "pre-numbered documents?" A. Adequate supervision B. Balance sheet C. Both adequate supervision and balance sheet D. Neither adequate supervision nor balance sheet Accounting information systems have five generic elements. Which of the following statements is most true? A. "Pre-numbered documents" can be an example of three of the five elements. B. "Schedule of accounts receivable" can be an example of all five elements. C. Both "Pre-numbered documents" can be an example of three of the five elements and "Schedule of accounts receivable" can be an example of all five elements are true. D. Neither "Pre-numbered documents" can be an example of three of the five elements nor "Schedule of accounts receivable" can be an example of all five elements is true. Accounting information systems have five generic elements, one of which can be directly applied to the other four. Which information item above best exemplifies that element? A. Customer master file as an output of the AIS B. Journal entry to record the receipt of cash as a process of the AIS C. Pre-numbered documents as an internal control in the AIS D. None of these. Consider the following statements as you answer the questions: i. Felix, a cash receipts clerk, applied Allison's payment to the invoices indicated on her remittance advice.
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ii. In purchasing books, Allison filled out a form on a bookstore's web site. iii. The bookstore's web site verified Allison's credit limit. iv. William, a warehouse worker, prepared Allison's books for shipment. All of the following steps in the sales/collection process are represented in the four statements except: A. The first step. B. The second step. C. The sixth step. D. The last step. Which of these statements most clearly relates to the third step in the sales/collection process?
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  • Spring '11
  • KRUPKA
  • Black-and-white films, invoice

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