SUA Practice Questions Acct 433
Exam-Graded A 2026/2027
location of Chart of Accounts in the SUA pac et of materials - ANS-Documents Folder
k
location of Employee Earnings Subsidiary Ledger in the SUA pac et of materials - ANS-
k
Instructions, Flowcharts and Ledgers
location of Cash Receipts Journal in the SUA pac et of materials - ANS-Journals
k
location of General Ledger in the SUA pac et of materials - ANS-Instructions, Flowcharts
k
and Ledgers
The reason for not permitting a person who has temporary or permanent custody of an
asset to account for that asset is to protect the company against
__________________________. - ANS-Fraud
A client's accounting records are unfamiliar to a new auditor. Where would the auditor
go to learn the names and numbers of the accounts being debited and credited in the
client's transactions? - ANS-Chart of Accounts
Which of the following sequence of steps in the accounting cycle is correct? - ANS-
Prepare documents, record in journals, post to ledgers, and prepare unadjusted trial
balance
What are the names of Waren's three employees? - ANS-Ray ramer, Jim Adams,
K
Nancy Ford
The overall objective of the Systems Understanding Aid and this class is to - ANS-help
aid in the understanding and visualization of the entire accounting process
How much sales tax applies to wholesale sales according to Illinois state law? - ANS-No
sales tax
On January 15, Waren Sports Supply purchased on account $120,000 in from their
vendor Velocity Sporting Goods. On February 10 they paid the vendor in full for this
purchase.
The correct journal entry is - ANS-Debit Accounts Payable $120,000
Credit Cash $120,000
, Which of the following statements are true? - ANS-Original entries are recorded in
journals and journal account totals are posted to ledgers periodically.
According to the flowchart on page 31 of the Reference boo , the process of preparing
k
the ban reconciliation is done by a person - ANS-True
k
An arrow with a dotted line (- - - - >) in a systems flowchart indicates which of the
following? - ANS-Only information flow, not document flow
When Waren Sports Supply receives a chec in the mail in payment of an account
k
receivable, the following actions are ta en in this order: - ANS-Restrictively endorse
k
chec , enter on cash receipts prelist, ma e entry in cash receipts journal and accounts
k k
receivable subsidiary ledger
A ban deposit is made each day cash is received. Who is responsible for ma ing the
k k
deposit? - ANS-Ray ramer
K
At Waren Sports Supply who is responsible for restrictively endorsing a chec upon
k
receipt? - ANS-Jim Adams
In the sales cycle, who reviews the sales invoice and support documents for accuracy?
- ANS-Jim Adams
There are seven steps to recording a transaction in the SUA, put them in the correct
order - ANS-1.
Read and analyze the transaction.
Correct2.
Find the appropriate flowchart.
Correct3.
Locate and prepare the appropriate documents if any are necessary for this transaction.
Correct4.
Record the transaction to the appropriate journal if an entry is necessary for this
transaction.
The purchases journal is used to record: - ANS-all vendor invoices on account
At Waren Sports Supply, which of the following is the correct order for document
preparation and entry recording in the sales and cash receipts cycle? - ANS-Correct
customer order, bill of lading, sales invoice, entry in sales and accounts receivable
subsidiary ledgers
Exam-Graded A 2026/2027
location of Chart of Accounts in the SUA pac et of materials - ANS-Documents Folder
k
location of Employee Earnings Subsidiary Ledger in the SUA pac et of materials - ANS-
k
Instructions, Flowcharts and Ledgers
location of Cash Receipts Journal in the SUA pac et of materials - ANS-Journals
k
location of General Ledger in the SUA pac et of materials - ANS-Instructions, Flowcharts
k
and Ledgers
The reason for not permitting a person who has temporary or permanent custody of an
asset to account for that asset is to protect the company against
__________________________. - ANS-Fraud
A client's accounting records are unfamiliar to a new auditor. Where would the auditor
go to learn the names and numbers of the accounts being debited and credited in the
client's transactions? - ANS-Chart of Accounts
Which of the following sequence of steps in the accounting cycle is correct? - ANS-
Prepare documents, record in journals, post to ledgers, and prepare unadjusted trial
balance
What are the names of Waren's three employees? - ANS-Ray ramer, Jim Adams,
K
Nancy Ford
The overall objective of the Systems Understanding Aid and this class is to - ANS-help
aid in the understanding and visualization of the entire accounting process
How much sales tax applies to wholesale sales according to Illinois state law? - ANS-No
sales tax
On January 15, Waren Sports Supply purchased on account $120,000 in from their
vendor Velocity Sporting Goods. On February 10 they paid the vendor in full for this
purchase.
The correct journal entry is - ANS-Debit Accounts Payable $120,000
Credit Cash $120,000
, Which of the following statements are true? - ANS-Original entries are recorded in
journals and journal account totals are posted to ledgers periodically.
According to the flowchart on page 31 of the Reference boo , the process of preparing
k
the ban reconciliation is done by a person - ANS-True
k
An arrow with a dotted line (- - - - >) in a systems flowchart indicates which of the
following? - ANS-Only information flow, not document flow
When Waren Sports Supply receives a chec in the mail in payment of an account
k
receivable, the following actions are ta en in this order: - ANS-Restrictively endorse
k
chec , enter on cash receipts prelist, ma e entry in cash receipts journal and accounts
k k
receivable subsidiary ledger
A ban deposit is made each day cash is received. Who is responsible for ma ing the
k k
deposit? - ANS-Ray ramer
K
At Waren Sports Supply who is responsible for restrictively endorsing a chec upon
k
receipt? - ANS-Jim Adams
In the sales cycle, who reviews the sales invoice and support documents for accuracy?
- ANS-Jim Adams
There are seven steps to recording a transaction in the SUA, put them in the correct
order - ANS-1.
Read and analyze the transaction.
Correct2.
Find the appropriate flowchart.
Correct3.
Locate and prepare the appropriate documents if any are necessary for this transaction.
Correct4.
Record the transaction to the appropriate journal if an entry is necessary for this
transaction.
The purchases journal is used to record: - ANS-all vendor invoices on account
At Waren Sports Supply, which of the following is the correct order for document
preparation and entry recording in the sales and cash receipts cycle? - ANS-Correct
customer order, bill of lading, sales invoice, entry in sales and accounts receivable
subsidiary ledgers
