Quiz – AIS chptr 2

1. This transaction cycle is composed of 2 subsystem

a. Expenditure
b. Conversion
c. Revenue
2. Most expenditure transactions are based on a credit relationship between the trading parties.
a. Expenditure
b. Revenue
c. Conversion
3. Firms sells their goods to customers though ____
a. Conversion
b. Expenditure
c. Revenue
4. _____ documents are used to capture and formalize transaction data that the transaction cycle
needs for processing
a. Turnaround
b. Source
c. Product
5. _______ document are the result of transaction processing rather than the triggering
mechanism for the process
a. Product document
b. Turnaround document
c. Source document
6. It is a record of a chronological entry
a. Document
b. Ledger
c. Journal
7. This journal is used to record specific classes of transactions that occur in high volume.
a. Journal voucher
b. General journal
c. Special journal
8. A ____ generally contains account data
a. Audit trail
b. Master file
c. Digital audit trail
9. This type of file contains records of past transactions that are retained for future reference
a. Archive file
b. Reference file
c. Transaction file
10. _____ is a book of accounts that reflects the financial effects of the firm’s transactions after they
are posted from the various journals. (bonus to)
a. Ledger
b. Journal
c. Document
11. It summarizes the activity for each of the organization’s accounts
a. Subsidiary Ledger
b. General Ledger
c. Register
d. Special Journal
12. It is actually a special source document that contains a single journal entry specifying the general
ledger accounts that are affected
a. Register
b. General Journal
c. Special Journal
d. Journal Voucher
13. It is the graphical representation of the physical relationships among key elements of a system
a. System flowcharts
b. Data flow diagram
c. Entity relation diagram
d. Coding
14. It is a group of similar transactions that are accumulated over time and then processed together
a. Layout
b. Batch
c. System
d. Process
15. These are used to reveal the internal structure of the records that constitute a file or database
table
a. Batch system
b. Real time system
c. Record layout diagram
d. Coding Scheme
16. Involves creating simple numeric or alphabetic codes to represent complex economic
phenomena that facilitate efficient data processing
a. Data Coding
b. Accounting Records
c. Block Codes
d. Mnemonic Codes
17. Represent items in some order
a. Sequential Codes
b. Block Codes
c. Group Codes
d. Mnemonic Codes
18. Alphabetic characters in the form of acronyms and other combinations that convey meaning
a. Sequential Codes
b. Block Codes
c. Group Codes
d. Mnemonic Codes
19. Are used to represent complex items or events involving two or more pieces of related data
 a. Sequential Codes
b. Block Codes
c. Group Codes
d. Mnemonic Codes
20. Is a variation on sequential coding that partly remedies the disadvantages just described
a. Sequential Codes
b. Block Codes
c. Group Codes
d. Mnemonic Codes