ACCOUNTING INFORMATION
SYSTEMS 14TH EDITION BY
MARSHALL ROMNEY AND PAUL
STEINBART 2026 STUDY GUIDE
QUESTIONS ANSWERS ACCURATE
A+
◉ The first step in Processing Transaction
Answer: To Capture the Data
◉ Data Input
Answer: capture transaction data and enter them in the system. Data
must be collected about:
1. Each activity of interest
2. The resources affected by each activity
3. The people who participate in each activity
◉ Source Documents
Answer: Used To Capture data at the beginning of the transaction
◉ Data Storage
Answer: A Company's data are one of its most important resources.
Accountants need to know how to manage data for maximum corporate
use.
, ◉ General Ledger
Answer: Contains Summary-level data for every asset, liability, equity,
revenue, and expense account of the organization.
◉ Subsidiary Ledger
Answer: Records all the detailed data for any general ledger account that
has many individual subaccounts.
◉ What is subsidiary ledgers used for?
Answer: Accounts Payable and Accounts Receivable
◉ Accounts receivable subsidiary ledger
Answer: record detailed data for customers whom buy products or
services on credit. It supports the accounts receivable general ledger
controlling account
◉ Accounts payable subsidiary ledger
Answer: record detailed data for the individual vendor credit purchases
of merchandise or supplies made by the company. It supports the
accounts payable general ledger controlling account
◉ Coding
Answer: The systematic assignment of numbers or letters to items to
classify and organize them
SYSTEMS 14TH EDITION BY
MARSHALL ROMNEY AND PAUL
STEINBART 2026 STUDY GUIDE
QUESTIONS ANSWERS ACCURATE
A+
◉ The first step in Processing Transaction
Answer: To Capture the Data
◉ Data Input
Answer: capture transaction data and enter them in the system. Data
must be collected about:
1. Each activity of interest
2. The resources affected by each activity
3. The people who participate in each activity
◉ Source Documents
Answer: Used To Capture data at the beginning of the transaction
◉ Data Storage
Answer: A Company's data are one of its most important resources.
Accountants need to know how to manage data for maximum corporate
use.
, ◉ General Ledger
Answer: Contains Summary-level data for every asset, liability, equity,
revenue, and expense account of the organization.
◉ Subsidiary Ledger
Answer: Records all the detailed data for any general ledger account that
has many individual subaccounts.
◉ What is subsidiary ledgers used for?
Answer: Accounts Payable and Accounts Receivable
◉ Accounts receivable subsidiary ledger
Answer: record detailed data for customers whom buy products or
services on credit. It supports the accounts receivable general ledger
controlling account
◉ Accounts payable subsidiary ledger
Answer: record detailed data for the individual vendor credit purchases
of merchandise or supplies made by the company. It supports the
accounts payable general ledger controlling account
◉ Coding
Answer: The systematic assignment of numbers or letters to items to
classify and organize them
