TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS, GLOBAL EDITION 14GE MARSHALL B. ROMNEY, PAUL J. STEINBART | ALL CHAPTERS FULLY COVERED | COMPLETE GUIDE A+.

TEST BANK FOR ACCOUNTING
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#nf INFORMATION SYSTEMS, GLOBAL #nf #nf




EDITION 14GE MARSHALL B.
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ROMNEY, PAUL J. STEINBART
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SCHOLARVAULT

,Accounting Information Systems, 14e, Global Edition (Romney/Steinbart)
Chapter 2 Overview of Transaction Processing and Enterprise Resource Planning
Systems

1 Describe the data processing cycle used to process transactions, including how data is input,
stored, and processed and how information is output.

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
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking

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
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking

3) Which of the following is not considered a source document?
A) A copy of the company's financial statements.
B) A copy of the company's shipping document.
C) A copy of the company's sales journal.
D) A copy of the company's ledger.
Answer: A
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking




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SCHOLARVAULT

,4) Which #nfstep #nfbelow #nfis #nfnot #nfconsidered #nfto #nfbe #nfpart #nfof #nfthe #nfdata #nfprocessing #nfcycle?
A) data #nfinput
B) feedback #nffrom #nfexternal #nfsources
C) data #nfstorage
D) data
#nfprocessing

#nfAnswer: # n f B

Concept: #nfTransaction

#nfprocessing #nfObjective:

# n f Learning #nfObjective #nf1

#nfDifficulty: # n f Easy

AACSB: # n f Analytical #nfThinking

5) John #nfPablo #nfworks #nfin #nfthe #nfaccounting #nfdepartment #nfof #nfa #nfmultinational #nfmanufacturing
#nfcompany. #nfHis #nfjob #nfincludes #nfupdating #nfaccounts #nfreceivable #nfbased #nfon #nfsales #nforders #nfand

#nfremittance #nfadvices. #nfHis #nfresponsibilities #nfare #nfpart #nfof #nfthe #nfcompany's

A) revenue #nfcycle.
B) expenditure #nfcycle.
C) financing #nfcycle.
D) production
#nfcycle. #nfAnswer:

#n fA

Concept: #nfTransaction

#nfprocessing #nfObjective:

# n f Learning #nfObjective #nf1

#nfDifficulty: # n f Moderate

AACSB: # n f Reflective #nfThinking

6) John #nfPablo #nfworks #nfin #nfthe #nfaccounting #nfdepartment #nfof #nfa #nfmultinational #nfmanufacturing
#nfcompany. #nfHis #nfjob #nfincludes #nfupdating #nfaccounts #nfpayable #nfbased #nfon #nfpurchase #nforders

#nfand #nfchecks. #nfHis #nfresponsibilities #nfare #nfpart #nfof #nfthe #nfcompany's

A) revenue #nfcycle.
B) expenditure #nfcycle.
C) financing #nfcycle.
D) production
#nfcycle. #nfAnswer:

#n fB

Concept: #nfTransaction

#nfprocessing #nfObjective:

# n f Learning #nfObjective #nf1

#nfDifficulty: # n f Moderate

AACSB: # n f Reflective #nfThinking




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#nfLtd.



SCHOLARVAULT

, 7) Many #nfsmall #nfbusinesses #nfchoose #nfto #nfoutsource #nftheir #nfpayroll #nfactivities #nfto #nffirms #nfthat
#nfspecialize #nfin #nfproviding #nfpayroll #nfservices. #nfDolores #nfYu #nfoperates #nfa #nfpayroll #nfprocessing

#nfbusiness #nfin #nfCalabasas, #nfCalifornia. #nfWhen #nfshe #nfsends #nfbills #nfout #nfto #nfher #nfclients, #nfher

#nfwork #nfis #nfpart #nfof #nfher #nffirm's

A) revenue #nfcycle.
B) expenditure #nfcycle.
C) financing #nfcycle.
D) production
#nfcycle. #nfAnswer:

#n fA

Concept: #nfTransaction

#nfprocessing #nfObjective:

# n f Learning #nfObjective #nf1

#nfDifficulty: # n f Moderate

AACSB: # n f Reflective #nfThinking

8) A #nfdelivery #nfof #nfinventory #nffrom #nfa #nfvendor, #nfwith #nfwhom #nfa #nfcredit #nfline #nfis #nfalready
#nfestablished, #nfwould #nfbe #nfinitially #nfrecorded #nfin #nfwhich #nftype #nfof #nfaccounting #nfrecord #nfand #nfas

#nfpart #nfof #nfwhat #nftransaction #nfcycle?

A) purchases #nfjournal; #nfexpenditure #nfcycle
B) general #nfjournal; #nfexpenditure #nfcycle
C) general #nfledger; #nfexpenditure #nfcycle
D) cash #nfdisbursements #nfjournal; #nfproduction
#nfcycle #nfAnswer: # n f A

Concept: # n f Transaction
#nfprocessing #nfObjective:

# n f Learning #nfObjective #nf1

#nfDifficulty: # n f Challenging

# n f AACSB: # n f Reflective

#nfThinking




9) Making #nfpayments #nfto #nfa #nfvendor, #nfwith #nfwhom #nfa #nfcredit #nfline #nfis #nfalready
#nfestablished, #nfwould #nfbe #nfinitially #nfrecorded #nfin #nfwhich #nftype #nfof #nfaccounting #nfrecord #nfand

#nfas #nfpart #nfof #nfwhat #nftransaction #nfcycle?

A) purchases #nfjournal; #nfexpenditure #nfcycle
B) general #nfjournal; #nfexpenditure #nfcycle
C) general #nfledger; #nfexpenditure #nfcycle
D) cash #nfdisbursements #nfjournal; #nfexpenditure
#nfcycle #nfAnswer: # n f D

Concept: # n f Transaction
#nfprocessing #nfObjective:

# n f Learning #nfObjective #nf1

#nfDifficulty: # n f Challenging

# n f AACSB: # n f Reflective

#nfThinking




10) Describe #nfthe #nfbasic #nfcycles #nfand #nfbusiness #nfactivities #nffor #nfa #nftypical #nfmerchandising
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#nfLtd.



SCHOLARVAULT