ACC 3385 EXAM 1 QUESTIONS AND CORRECT
ANSWERS 100% VERIFIED!!
What is conceptually similar to a ledger in a manual AIS - ANSWER Master file
What requires a journal entry - ANSWER Collect payment on customer account
Sell a laptop computer to a customer
Pay utilitiy bill
The number of hours worked last week by John Smith would be recorded in which file -
ANSWER Payroll transaction file
What transaction processing cycles concerns events related to the distribution of goods
and services to other organizations and the collection of related payments - ANSWER
Revenue
A change in a customer's credit limit will be recorded in which file - ANSWER Customer
master file
A complete organization-wide systems solution involving one software package and one
database is referred to as - ANSWER ERP
A computer produced document that is intended for resubmission into the system such
as the part of the utilitiy bill that the customer returns with payment is a - ANSWER
Turnaround document
A man-made system that generally consists of an integrated set of computer-based
components and manual components established to collect, store, and manage data
and to provide output information to users - ANSWER Information system
, The degree to which information includes data about every relevant object or event
necessary to make a decision is - ANSWER Completeness
If information arrives too late to impact a decision then there is a problem with -
ANSWER Timeliness
A customer purchases $4,000 worth of goods from a vendor; paying $2,000 cash at the
time of sale with the remaining $2,000 on account. Where will the vendor initially record
this transaction in the accounting system - ANSWER Cash receipts journal
A collection of related characters that comprise an attribute such as a customer
number or name is known as a - ANSWER Field
A collection of related data fields pertaining to a particular entity or event is known as a
- ANSWER Record
In which journal would you most likely record depreciation expense - ANSWER General
journal
Real-time posting normally would be least useful when applied to accounting for an
organizations - ANSWER Property and depreciation
If you receive a request from management asking for the current balance in accounts
payable where in the accouting system will you look - ANSWER Accounts payable in
the general ledger
If you want to see all of the fixed assets that a company owns where in the accounting
system will you look - ANSWER Fixed asset subsidiary ledger
Which data flow diagram (DFD) symbol is usually portrayed with a square - ANSWER
External entity
ANSWERS 100% VERIFIED!!
What is conceptually similar to a ledger in a manual AIS - ANSWER Master file
What requires a journal entry - ANSWER Collect payment on customer account
Sell a laptop computer to a customer
Pay utilitiy bill
The number of hours worked last week by John Smith would be recorded in which file -
ANSWER Payroll transaction file
What transaction processing cycles concerns events related to the distribution of goods
and services to other organizations and the collection of related payments - ANSWER
Revenue
A change in a customer's credit limit will be recorded in which file - ANSWER Customer
master file
A complete organization-wide systems solution involving one software package and one
database is referred to as - ANSWER ERP
A computer produced document that is intended for resubmission into the system such
as the part of the utilitiy bill that the customer returns with payment is a - ANSWER
Turnaround document
A man-made system that generally consists of an integrated set of computer-based
components and manual components established to collect, store, and manage data
and to provide output information to users - ANSWER Information system
, The degree to which information includes data about every relevant object or event
necessary to make a decision is - ANSWER Completeness
If information arrives too late to impact a decision then there is a problem with -
ANSWER Timeliness
A customer purchases $4,000 worth of goods from a vendor; paying $2,000 cash at the
time of sale with the remaining $2,000 on account. Where will the vendor initially record
this transaction in the accounting system - ANSWER Cash receipts journal
A collection of related characters that comprise an attribute such as a customer
number or name is known as a - ANSWER Field
A collection of related data fields pertaining to a particular entity or event is known as a
- ANSWER Record
In which journal would you most likely record depreciation expense - ANSWER General
journal
Real-time posting normally would be least useful when applied to accounting for an
organizations - ANSWER Property and depreciation
If you receive a request from management asking for the current balance in accounts
payable where in the accouting system will you look - ANSWER Accounts payable in
the general ledger
If you want to see all of the fixed assets that a company owns where in the accounting
system will you look - ANSWER Fixed asset subsidiary ledger
Which data flow diagram (DFD) symbol is usually portrayed with a square - ANSWER
External entity
