ACCOUNTING INFORMATION SYSTEM
Incorrect amount of invoice billed to a
SEATWORK 1
1. Which type of information flow distributes
summarized information about operations
and other activities upward to managers at
all levels?
a. Random Flow
b. Inward/Outward Flow
c. Horizontal Flow
d. Vertical Flow
2. Which of the following information
is not processed in the accounting
information system?
a. Scheduling a meeting with board of
directors in the calendar
b. Intercompany transfers of inventories
c. Change of a female employee's
surname
d. Addition of new inventory in the
inventory list
3. The subsystem of AIS that supports daily
business operations with numerous
reports, documents, and messages for
users throughout the organization is the
a. General Ledger System
b. Transaction Processing System
c. Management Reporting System
d. Financial Reporting System
4. In the general model for AIS, it refers to
financial transactions that enter the
information system from both internal and
external sources.
a. Data sources
b. Data collection
c. End users
d. Database management
5. Item code is an example of
a. File
b. Record
c. Database
d. Data attribute
6. All of the following are examples of
feedback based on the general model of AIS
except
a. A regular sales order of a customer entered
into the system
b. AR Aging Report showing a customer's
balance being outstanding for more than a year
needs to be written-off per business policy.
c.
customer.
d. Inventory Status Report signaling the
inventory clerk that an item of inventory have
fallen to or below its minimum allowable level.
7. This business function manages the financial
resources of the firm through banking and
treasury activities, portfolio management,
credit evaluation, cash disbursements, and
cash receipts.
a. Finance
b. Purchasing
c. Information technology
d. Accounting
8. Which IT activity is involved in the
defining, designing, testing, and
implementation of new accounting
software to be used by the business
organization?
a. Database management
b. System development
c. System maintenance
d. Database administration
9. An IT structure that involves reorganizing
the IT function into small information
processing units (IPUs) that are distributed
to end users and placed under their
control.
a. Distribution Data Processing
b. IPU Data Processing
c. Centralized Data Processing
d. Distributed Data Processing
10. Which of the following data is
least likely relevant to the
purchasing function? a.
Inventory code
b. Payment date
c. Shipping date
d. Employee Gross pay
SEATWORK 2
1. Which of the following is incorrect regarding
archive files?
a. Archive files store data that are
used as standards for processing
transactions.
b. Examples of archive files are
 records of accounts receivable that
were written-off and prior-period
general ledgers.
c. The transactions on the archive files
form an important part of the audit
trail.
d. Archive files contain records of past
transactions that are retained for future
reference.
2. In flowcharts, the symbol shown below
represents Symbol 3.PNG
a. Terminal
b. Computer Process
c. Database
d. Manual Process
e. Document
f. Accounting Records
3. Which of the following is not correct
regarding the revenue cycle subsystem of
TPS?
a. Shipping of product and generation of
billing invoices sent to customers are
covered by the revenue cycle.
b. The revenue cycle includes the
receipt of merchandise inventories
bought from suppliers.
c. Both cash sales and credit sales are
processed by the sales order processing
system.
d. Collection of payment for accounts
receivable is handled by the cash receipts
system.
4. A general ledger (choose the incorrect
statement)
a. Is a record of specific
resource, events, or agents such as
customers, inventories, projects,
and sales.
b. Serves as the basis for
preparation of financial statements such
as Balance Sheet and Income Statement.
c. Is a mechanism for verifying
the overall accuracy of accounting data
that separate accounting departments
have processed.
d. Displays the balance of a
general ledger control account.
e. Shows the transactions that
increased or decreased an account.
5. These are accounting records that provide
evidence of an economic event and may
be used to initiate transaction processing.
a. Source Documents
b. Turnaround Documents
c. Product Documents
d. Documents
6. These are temporary files of transaction
records used to change or update data
in a master file.
a. Master Files
b. Reference Files
c. Transaction Files
d. Archive Files
7. In manual accounting system, audit trail
should allow users such as accountants and
auditors to trace information from source
documents to financial statements or vice-
versa. However, in computer-based
accounting system, the digital audit trail
should only allows users to vouch from
financial statements to source documents.
a. True
b. False
8. Which of the following is not true regarding
batch data processing?
a. All records pertaining to the event
are processed immediately.
b. Lag exists between time when the
economic event occurs and when it is
recorded.
c. A group of similar transactions are
accumulated over time and then
processed together.
d. Fewer resources (e.g. hardware,
programming, and training) are
required.
9. Which documentation technique is
most likely to show the computer
process of a system? a. Flowchart
b. Document Flowchart
c. System Flowchart
 d. Program Flowchart
10. Which of the following is least likely an
example of a source document?
a. Receiving report prepared by the
(PRE-TEST) DONATION
personnel in the receiving department to
acknowledge receipt of inventories
delivered by vendors.
b. Sales order prepared to
document the details of the
orders of a customer.
c. Purchase requisition made
by a department manager to
request office supplies.
d. Timecards punched in the
bundy clocks.
TAX 3
(PRE-TEST) TRANSFER TAX
1. Transfer tax is a tax on onerous transfer
False
2. All donation are subject to donor's tax
False
3. A gratuitous transfer is always subject to
estate tax or donor’s tax.
False
4. A sale is a form of transfer transaction that
requires payment of transfer tax
False
5. The estate tax is imposed upon decedent,
heirs, beneficiaries, or properties
False
6. Both describes gratuitous and onerous
transfer tax (POST-TEST/TRUE OR FALSE) TRANSFER
Excise tax TAX & DONOR’S TAX
7. Taxpayer in estate taxation
Estate
8. Which of the following transfers does not
belong to the same tax?
Donation inter-vivos
9. A donor's tax is imposed on
Right of donating
10. Theory that serves the compensatory
purpose of taxation
Redistribution of wealth
1. Donation inter-vivos takes effect upon death
of donor
False
2. Donation inter vivos is a completed donation
True
3. Revocable donation is subject to estate tax
True
4. Donation is a transfer of property for
consideration of money
False
5. Donation mortis causa, the transfer of
property becomes void if the donor outlives
the donee
True
6. Donor's tax is not a(an)
Business tax
7. Which of the following must be in writing?
Land donated to charitable
institution
8. Need not in writing
2k jewelry donated to mother in law
9. One of the following gifts is subject to
donor’s tax
Revocable donation
10. The condition and legal know-how of the
donor to enter into valid contract is called?
Capacity of donor
1. Transfer tax accrues at the time of transfer
of the decedent's property or right to the
heir.
False
2. The estate tax is imposed upon the decedent,
heirs, beneficiaries, or properties.
False
3. A sale is form of transfer traction
that requires payment of transfer
tax.
False
 4. There is an incomplete donation if the January 15, 200b
donee's identity cannot be ascertained at the
5. One of the following is a valid donation
time of donation.
Oral donaton of cellular phone
False
worth 4,500
5. A gift to parish, priest or his church is not
6. I. The agreement between the donor and
exempt from gift tax.
donee that the letter shall be assume the tax
True
burden is binding on the government.
6. Dowry deduction is allowed to all donors on
II There is no donor’s tax in a donation on
account of marriage.
account of marriage if the marriage did not
False
actually take place
7. No spouse may alienate property or
Both are wrong
encumber any common property without the
7. The following donation are not subject to
consent of the other.
donor's tax except;
True
Those made to conceived and
8. Donations made between husband
unborn children
and wife during the marriage are
8. Exempted from donor's taxation are gifts
void.
made
True
for the use of barangay
9. The rule of reciprocity is applicable only to
9. The BIR form no. 1800 shall be in?
assets with situs in Philippines owned by a
Triplicate
nonresident alien.
10. The BIR form no. 1800 shall be filed
False
Within 30 days after the gift
10. BIR Form No. 1800: Donor’s Tax Return
(donation) is made
True
(POST-TEST/Multiple Choice)
1. The following are requisites of a donation
for purposes of donor's tax except :
Capacity of Donee
(POST-TEST/IDENTIFICATION)
2. A donation of 1 hectare of timberland
must be in public instrument 1. An act of liberality whereby one disposes
3. Constitutes as a taxable gift gratuitously of a thing or right in favor of
Creditor's gratuitous discharge of another who accepts it.
debtor's obligation Donation
4. Analyze the sequence of transaction: 2. A tax imposed on the gratuitous transfer of
property between two or more person who
are living at the time the transfer is made
December 31, 200a - Lancelot wrote a letter to Gift tax or Donor’s tax
Gusion donating his car worth P 350 K 3. The gift tax is imposed on the transfer of
property which is why it has been sustained
January 7, 200b - Gusion received the letter and
as a(an)
accepted the donation
Excise tax
January 15, 200b - Letter of acceptance was 4. A Donation made by stockholder to a
received by Lancelot corporation is subject to donor's tax because
of the following principle give one
Donor's tax was not paid until May 22, 201c, The Entity theory, lifeblood theory,
property was received on February 6 200b. benefit received theory
The donation was consummated on ? 5. Donation in contemplation of death.
 Donation mortis causa 9. An oral will corroborated by witnesses is
6. Government is a passive and silent partner. valid.
What theory is it? False
Privilege or state partnership theory 10. If no legitimate child, illegitimate child
7. Claim or liability attached to a property such succeeds rank over the decedent's parents
as mortgage, security interest, costs of right and spouse.
and unpaid taxes. True
Encumbrance
8. Decrease in value of property donated as a
result of condition made by the donor.
Diminution
9. Acknowledgement of the thing or right
donated. SUCCESSION (PRE-TEST)
Acceptance 1. Subject matter of succession.
a. Estate
b. Decedent
c. Will
d. Escheat
2. Accumulated Property during lifetime of
10. Proper declaration of legal owner of decedent is intended to his beloved ones is...
property or right to transfer ownership to a. Public order
another without consideration b. Family relation
Donative intent c. Socio-economic status
d. Implicit ownership
TRUE OR FALSE: ESTATE TAXATION 3. The legal portion of the estate is reserved by
the law to the heirs except...
1. Compulsory heirs include illegitimate a. Children
children. b. Parents
True c. Widow / widower 
2. The compulsory heirs have rights to insist d. Devisee
that the legitime given in the form of 4.Brothers and sisters are generally...
property. a. Compulsory heirs
False b. Secondary heirs
3. Brother and sisters are compulsory heirs. c. Legitimate heirs
False d. Voluntary heirs
5. Which could legally effect transfer of
4. Intestate succession is a legal succession.
properties succession?
True
a. By virtue of a will
5. In Intestate succession, the distribution of b. By operation of law
properties is fixed by the testator. c. Both A and B
False d. By onerous transfer
6. A testator is a person who would administer 6. Which of the following is not regarded as
the transfer of property through a written compulsory heir?
will. a. Illegitimate children
False b. Legitimate parents
7. Probate determines the validity of will. c. Surviving spouse
True d. Brother
8. Brothers and sisters can become heirs in 7. A special proceeding to determine the validity
legal succession. of a will.
a. Probate
True
b. Escheat
c. Reprobate
d. Extra judicial proceeding
8. It usually deprives an heir to inherit
properties by the decedent through issuance of a
will.
a. Disinheritance
b. Distributable share
c. Legitime
d. Disqualification 
9. It refers to the supplement or addition to the
will.
a. Holographic will
b. Last will and testament
c. Accessory will
d. Codicil
10. A person called to the succession either by
the provision of the will or by operation of law.
a. Legatee
b. Devisee
c. Heir
d. Beneficiary