ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
BY ROMNEY, STEINBANT, SUMMERS AND WOOD
, ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 16TH EDITION BY
ROMNEY, STEINBANT, SUMMERS AND WOOD ALL CHAPTERS INCLUDED
Chapter 1 Overview of Transaction Processing and Enterprise Resource
Planning Systems
2.1 Describe the four parts of the data processing cycle and the major activities in
each.
1) Which of the following commonly initiates the data input process?
A) a business activity
B) automatic batch processing
C) an accounting department source document
D) a trial balance
query Answer: A
2) A typical source document could be
A) some type of paper document.
B) a computer data entry screen.
C) the company's financial statements.
D) both A and
B Answer: D
3) Which step below is not considered to be part of the data processing
cycle?
A) data input
B) feedback from external sources
C) data storage
2
, ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
D) data
processing
Answer: B
4) John Pablo works in the accounting department of a multinational
manufacturing company. His job includes updating accounts receivable
based on sales orders and remittance advices. His responsibilities are part
of the company's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: A
5) John Pablo works in the accounting department of a multinational
manufacturing company. His job includes updating accounts payable based
on purchase orders and checks. His responsibilities are part of the
company's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: B
6) Many small businesses choose to outsource their payroll activities to
firms that specialize in providing payroll services. Dolores Yu operates a
payroll processing business in Calabasas, California. When she sends bills
out to her clients, her work is part of her firm's
3
, ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: A
7) A delivery of inventory from a vendor, with whom a credit line is already
established, would be initially recorded in which type of accounting record
and as part of what transaction cycle?
A) purchases journal; expenditure cycle
B) general journal; expenditure cycle
C) general ledger; expenditure cycle
D) cash disbursements journal;
production cycle Answer: A
9) Identify the four parts of the transaction processing cycle.
A) data input, data storage, data processing, information output
B) data input, data recall, data processing, information output
C) data input, data recall, data transmission, information output
D) data input, data recall, data transmission, data
storage Answer: A
10) What is the most frequent revenue cycle transaction?
A) purchase of inventory
B) receipt of cash
C) sale to customer
D) billing
Answer:
4
TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
BY ROMNEY, STEINBANT, SUMMERS AND WOOD
, ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 16TH EDITION BY
ROMNEY, STEINBANT, SUMMERS AND WOOD ALL CHAPTERS INCLUDED
Chapter 1 Overview of Transaction Processing and Enterprise Resource
Planning Systems
2.1 Describe the four parts of the data processing cycle and the major activities in
each.
1) Which of the following commonly initiates the data input process?
A) a business activity
B) automatic batch processing
C) an accounting department source document
D) a trial balance
query Answer: A
2) A typical source document could be
A) some type of paper document.
B) a computer data entry screen.
C) the company's financial statements.
D) both A and
B Answer: D
3) Which step below is not considered to be part of the data processing
cycle?
A) data input
B) feedback from external sources
C) data storage
2
, ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
D) data
processing
Answer: B
4) John Pablo works in the accounting department of a multinational
manufacturing company. His job includes updating accounts receivable
based on sales orders and remittance advices. His responsibilities are part
of the company's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: A
5) John Pablo works in the accounting department of a multinational
manufacturing company. His job includes updating accounts payable based
on purchase orders and checks. His responsibilities are part of the
company's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: B
6) Many small businesses choose to outsource their payroll activities to
firms that specialize in providing payroll services. Dolores Yu operates a
payroll processing business in Calabasas, California. When she sends bills
out to her clients, her work is part of her firm's
3
, ACCOUNTING INFORMATION SYSTEMS 16TH EDITION
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: A
7) A delivery of inventory from a vendor, with whom a credit line is already
established, would be initially recorded in which type of accounting record
and as part of what transaction cycle?
A) purchases journal; expenditure cycle
B) general journal; expenditure cycle
C) general ledger; expenditure cycle
D) cash disbursements journal;
production cycle Answer: A
9) Identify the four parts of the transaction processing cycle.
A) data input, data storage, data processing, information output
B) data input, data recall, data processing, information output
C) data input, data recall, data transmission, information output
D) data input, data recall, data transmission, data
storage Answer: A
10) What is the most frequent revenue cycle transaction?
A) purchase of inventory
B) receipt of cash
C) sale to customer
D) billing
Answer:
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