ACCT 4332 Practice Script A+ Questions
and Answers Verified Solutions Latest
Update 2026/2027
Question:
Which of the following defines a statistical account?.
Answer:
An account that accumulates physical as opposed to monetary data
Question:
Which of the following defines the dollar-entry function?.
Answer:
The feature that saves three keystrokes by not having to enter a decimal point or cents for even
dollar amounts.
Question:
Which of the following defines a master account?.
Answer:
An account that is similar to a control account.
Question:
In what form are data transferred to the general ledger module from other modules?.
Answer:
In detail or summary form.
Question:
Which of the following defines the auto-enter function?.
,Answer:
The feature that moves the curser automatically to the next field, so the user does not have to press
the enter key.
Question:
Which of the following describe(s) the type(s) of transactions in the financial process?.
Answer:
All of these are types of transactions in the financial process.
Question:
Which of the following is TRUE regarding inactive accounts?.
Answer:
After an account has been designated as inactive, no entries can be made to that account; but it is
NOT immediately deleted from the general ledger.
Question:
Why is the time-sensitive entries feature useful?.
Answer:
It avoids the requirement that the books for the last period be closed prior to posting any entries for
the new period.
Question:
Which of the following statement(s) about provisional posting is (are) FALSE?.
Answer:
Provisional posting can be used whether the accounting systems uses real-time or batch posting.
Question:
Which of the following define(s) trade credit?.
, Answer:
Credit extended to an organization s business customers.
Question:
Which of the following activities are included in the revenue process of a merchandising
organization?.
Answer:
All of these are activities in the revenue process for a merchandising organization.
Question:
When a retail cash sale is made, the transaction data are stored in which file(s)?.
Answer:
Sales transaction file and cash receipts transaction file.
Question:
Which of the following is used as a source document for entering receipts in the cash receipts
transaction file?.
Answer:
Customer s remittance advice.
Question:
Which of the following defines cycle billing?.
Answer:
Spreading customer billing throughout the month.
Question:
Which of the following statements regarding sales returns in FALSE?.
Answer:
A sales return requires a partial reduction of sales revenue.
and Answers Verified Solutions Latest
Update 2026/2027
Question:
Which of the following defines a statistical account?.
Answer:
An account that accumulates physical as opposed to monetary data
Question:
Which of the following defines the dollar-entry function?.
Answer:
The feature that saves three keystrokes by not having to enter a decimal point or cents for even
dollar amounts.
Question:
Which of the following defines a master account?.
Answer:
An account that is similar to a control account.
Question:
In what form are data transferred to the general ledger module from other modules?.
Answer:
In detail or summary form.
Question:
Which of the following defines the auto-enter function?.
,Answer:
The feature that moves the curser automatically to the next field, so the user does not have to press
the enter key.
Question:
Which of the following describe(s) the type(s) of transactions in the financial process?.
Answer:
All of these are types of transactions in the financial process.
Question:
Which of the following is TRUE regarding inactive accounts?.
Answer:
After an account has been designated as inactive, no entries can be made to that account; but it is
NOT immediately deleted from the general ledger.
Question:
Why is the time-sensitive entries feature useful?.
Answer:
It avoids the requirement that the books for the last period be closed prior to posting any entries for
the new period.
Question:
Which of the following statement(s) about provisional posting is (are) FALSE?.
Answer:
Provisional posting can be used whether the accounting systems uses real-time or batch posting.
Question:
Which of the following define(s) trade credit?.
, Answer:
Credit extended to an organization s business customers.
Question:
Which of the following activities are included in the revenue process of a merchandising
organization?.
Answer:
All of these are activities in the revenue process for a merchandising organization.
Question:
When a retail cash sale is made, the transaction data are stored in which file(s)?.
Answer:
Sales transaction file and cash receipts transaction file.
Question:
Which of the following is used as a source document for entering receipts in the cash receipts
transaction file?.
Answer:
Customer s remittance advice.
Question:
Which of the following defines cycle billing?.
Answer:
Spreading customer billing throughout the month.
Question:
Which of the following statements regarding sales returns in FALSE?.
Answer:
A sales return requires a partial reduction of sales revenue.
