Practical Accounting Data Processing
AIN2601
Semester 1
Assignment 3
Unique Number: 797445
Department of Management Accounting
, REQUIRED:
Instructions for questions 1 – 10:
Please select the most appropriate answer to the question and appropriate selection as
indicated on myUnisa. Each correct answer counts one (1) mark.
1. Which of the following is NOT a category of the accounting cycles?
1) Payroll and personnel cycle
2) Revenue and receipts cycle
3) Inventory and stockist cycle
4) Finance and investment cycle
Accounting transaction processing system (ATPS) (SG 2 page 13)
The accounting transaction processing system can be divided into five accounting/auditing
cycles. In categorising the accounting cycles, we will use the same categories that are used
in auditing. These categories are as follows:
(a) revenue and receipts cycle
(b) acquisition and payments cycle
(c) inventory and production cycle
(d) payroll and personnel cycle
(e) finance and investment cycle
2. Which combination in a manual transaction processing system is the most correct and
chronologically followed?
a) Data is written on source documents
b) The summary data from each source document is written into the relevant journal
c) Summary information on each individual transaction is booked to each relevant
subledger
d) The statement of cash flows is prepared based on the trial balance to indicate an
organisation’s cash flow position
e) At the end of the month, the summary information from each column in the journal
is transferred to the relevant general ledger accounts
f) The debits and credits of each general ledger account are totalled and the
total/balance for each general ledger account taken to the trial balance
g) The various income and expense trial balance accounts are grouped together used
to prepare the statement of profit or loss and other comprehensive income, while
the various asset, liability and equity accounts are grouped together and used to
prepare the statement of financial position.
AIN2601
Semester 1
Assignment 3
Unique Number: 797445
Department of Management Accounting
, REQUIRED:
Instructions for questions 1 – 10:
Please select the most appropriate answer to the question and appropriate selection as
indicated on myUnisa. Each correct answer counts one (1) mark.
1. Which of the following is NOT a category of the accounting cycles?
1) Payroll and personnel cycle
2) Revenue and receipts cycle
3) Inventory and stockist cycle
4) Finance and investment cycle
Accounting transaction processing system (ATPS) (SG 2 page 13)
The accounting transaction processing system can be divided into five accounting/auditing
cycles. In categorising the accounting cycles, we will use the same categories that are used
in auditing. These categories are as follows:
(a) revenue and receipts cycle
(b) acquisition and payments cycle
(c) inventory and production cycle
(d) payroll and personnel cycle
(e) finance and investment cycle
2. Which combination in a manual transaction processing system is the most correct and
chronologically followed?
a) Data is written on source documents
b) The summary data from each source document is written into the relevant journal
c) Summary information on each individual transaction is booked to each relevant
subledger
d) The statement of cash flows is prepared based on the trial balance to indicate an
organisation’s cash flow position
e) At the end of the month, the summary information from each column in the journal
is transferred to the relevant general ledger accounts
f) The debits and credits of each general ledger account are totalled and the
total/balance for each general ledger account taken to the trial balance
g) The various income and expense trial balance accounts are grouped together used
to prepare the statement of profit or loss and other comprehensive income, while
the various asset, liability and equity accounts are grouped together and used to
prepare the statement of financial position.
