ASU ACC 241 FINAL -USES OF ACCOUNTING
INFORMATION II |ACTUAL QUESTIONS AND
VERIFIED ANSWERS|BRAND NEW 2026-2027
UPDATE|GRADED A+
Question 1
An accounting information system is a set of interrelated:
A) Activities and documents only
B) Activities and technologies only
C) Documents and technologies only
D) Activities, documents, and technologies
CORRECT ANSWER
D) Activities, documents, and technologies
Question 2
The components of an accounting information system are designed to collect ______ and
report _______.
A) Data, information
B) Data, data
C) Information, information
D) Information, data
CORRECT ANSWER
A) Data, information
Question 3
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,An accounting information system is defined by the text as a set of three interrelated
elements. Which of the following choices best gives an example of each element?
A) Buying inventory, selling inventory, balance sheet
B) Buying inventory, sales invoice, general ledger software
C) Selling inventory, sales invoice, balance sheet
D) Selling inventory, writing a check, general ledger software
CORRECT ANSWER
B) Buying inventory, sales invoice, general ledger software
Question 4
An accounting information system transforms inputs into outputs via processes such as:
A) Journalizing transactions and posting them to the ledger
B) Identifying the elements of the FASB Conceptual Framework
C) Always utilizing information technology
D) Recognizing and adapting tot he cost-benefit constraint
CORRECT ANSWER
A) Journalizing transactions and posting them to the ledger
Question 5
Which of the following best fits the definition of an accounting information system
explained in the text?
A) A checkbook register
B) A publicly-traded corporation's financial statements
C) Processed source documents leading to the general purpose financial statements
D) An Excel spreadsheet of financial statement ratios
CORRECT ANSWER
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, C) Processed source documents leading to the general purpose financial statements
Question 6
April compiled checks, receipts, and invoices, then entered them into Quickbooks. She
printed out her financial statements and took them to the bank as documentation for a
loan application. In that scenario, checks, receipts, and invoices could be referred to as:
A) Documents and data
B) Data and information
C) Documents and information
D) Documents, data, and information
CORRECT ANSWER
A) Documents and data
Question 7
Claudia borrowed money from her bank, signing a five-year note payable. She then
calculated the monthly payment needed to pay off the loan within three years. Which of
the following statements is / are the most true?
A) The required monthly payment is an example of "information," as the term is used in the
definition of an accounting information system.
B) The five-year note payable would be considered a "technology" if it were prepared with
computer software
C) Both A and B are true
D) Neither A nor B is true
CORRECT ANSWER
A) The required monthly payment is an example of "information," as the term is used in
the definition of an accounting information system.
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, Question 8
Claudia borrowed money from her bank, signing a five-year note payable. She then
calculated the monthly payment needed to pay off the loan within three years. Based on
the definition of an accounting information system provided in the text, the five year note
payable could be considered: (i) an input, (ii) an output, (iii) a document.
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III
CORRECT ANSWER
D) I, II, and III
Question 9
Eugene is a self-employed business owner. In February 2011, he gathered together his
income and expense records for 2010. He use them, along with appropriate software, to
prepare his tax return, which he then transmitted to the Internal Revenue Service. Has
Eugene use an accounting infromation system based on the definition provided in the
text?
A) Yes, because he used software to prepare his tax return.
B) Yes, because all elements of the definition are present.
C) No, because all accounting information systems must produce general purpose financial
statements.
D) No, because no internal decision maker is mentioned
CORRECT ANSWER
B) Yes, because all elements of the definition are present.
Question 10
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@THE STUDY VAULT
INFORMATION II |ACTUAL QUESTIONS AND
VERIFIED ANSWERS|BRAND NEW 2026-2027
UPDATE|GRADED A+
Question 1
An accounting information system is a set of interrelated:
A) Activities and documents only
B) Activities and technologies only
C) Documents and technologies only
D) Activities, documents, and technologies
CORRECT ANSWER
D) Activities, documents, and technologies
Question 2
The components of an accounting information system are designed to collect ______ and
report _______.
A) Data, information
B) Data, data
C) Information, information
D) Information, data
CORRECT ANSWER
A) Data, information
Question 3
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@THE STUDY VAULT
,An accounting information system is defined by the text as a set of three interrelated
elements. Which of the following choices best gives an example of each element?
A) Buying inventory, selling inventory, balance sheet
B) Buying inventory, sales invoice, general ledger software
C) Selling inventory, sales invoice, balance sheet
D) Selling inventory, writing a check, general ledger software
CORRECT ANSWER
B) Buying inventory, sales invoice, general ledger software
Question 4
An accounting information system transforms inputs into outputs via processes such as:
A) Journalizing transactions and posting them to the ledger
B) Identifying the elements of the FASB Conceptual Framework
C) Always utilizing information technology
D) Recognizing and adapting tot he cost-benefit constraint
CORRECT ANSWER
A) Journalizing transactions and posting them to the ledger
Question 5
Which of the following best fits the definition of an accounting information system
explained in the text?
A) A checkbook register
B) A publicly-traded corporation's financial statements
C) Processed source documents leading to the general purpose financial statements
D) An Excel spreadsheet of financial statement ratios
CORRECT ANSWER
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@THE STUDY VAULT
, C) Processed source documents leading to the general purpose financial statements
Question 6
April compiled checks, receipts, and invoices, then entered them into Quickbooks. She
printed out her financial statements and took them to the bank as documentation for a
loan application. In that scenario, checks, receipts, and invoices could be referred to as:
A) Documents and data
B) Data and information
C) Documents and information
D) Documents, data, and information
CORRECT ANSWER
A) Documents and data
Question 7
Claudia borrowed money from her bank, signing a five-year note payable. She then
calculated the monthly payment needed to pay off the loan within three years. Which of
the following statements is / are the most true?
A) The required monthly payment is an example of "information," as the term is used in the
definition of an accounting information system.
B) The five-year note payable would be considered a "technology" if it were prepared with
computer software
C) Both A and B are true
D) Neither A nor B is true
CORRECT ANSWER
A) The required monthly payment is an example of "information," as the term is used in
the definition of an accounting information system.
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@THE STUDY VAULT
, Question 8
Claudia borrowed money from her bank, signing a five-year note payable. She then
calculated the monthly payment needed to pay off the loan within three years. Based on
the definition of an accounting information system provided in the text, the five year note
payable could be considered: (i) an input, (ii) an output, (iii) a document.
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III
CORRECT ANSWER
D) I, II, and III
Question 9
Eugene is a self-employed business owner. In February 2011, he gathered together his
income and expense records for 2010. He use them, along with appropriate software, to
prepare his tax return, which he then transmitted to the Internal Revenue Service. Has
Eugene use an accounting infromation system based on the definition provided in the
text?
A) Yes, because he used software to prepare his tax return.
B) Yes, because all elements of the definition are present.
C) No, because all accounting information systems must produce general purpose financial
statements.
D) No, because no internal decision maker is mentioned
CORRECT ANSWER
B) Yes, because all elements of the definition are present.
Question 10
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