Professional Documents
Culture Documents
1) An accounting information system (AIS) collects, records, stores, and processes accounting data to
produce information that is useful for decision makers.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
2) The collection of time records is an Accounting Information System activity that is classified as a
business transaction that involves the sale of merchandise inventory.
Answer: FALSE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
3) An effective accounting information system with adequate internal controls can safeguard a business's
assets and reduce the likelihood of fraud and errors.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
4) Both small and large companies require a big accounting information system. Therefore, the cost of
employing an accounting information system is same for both.
Answer: FALSE
Diff: 1
LO: 7-1
AACSB: Concept
1
Copyright © 2014 Pearson Education, Inc.
AICPA Functional: Measurement
5) A business must only invest in an accounting information system in which the benefits received
outweigh the cost of the system.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
2
Copyright © 2014 Pearson Education, Inc.
6) An accounting information system has three basic components: source documents and input devices,
processing and storage, and outputs.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
7) Examples of source documents, in an accounting information system, include the statement of cash
flows and sales journal.
Answer: FALSE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
9) A source document provides the evidence and data for accounting transactions.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
10) In a computerized accounting information system, all data are contained in paper documents that are
often stored in filing cabinets and off-site document warehouses.
Answer: FALSE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
11) One of the advantages of a computerized accounting information system, as compared to a manual
one, is that it does not cost to ensure that the firm's data and information are secure.
Answer: FALSE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
3
Copyright © 2014 Pearson Education, Inc.
12) In an accounting information system, outputs are the reports used for decision making, including the
financial statements.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
13) In a manual accounting information system, reports and financial statements must be created using
Word documents, Excel spreadsheets, or PowerPoint.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
14) The main computer where data is stored, which can be accessed from many different computers, is
known as software.
Answer: FALSE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
15) A computerized system uses software to process transactions and it allows businesses to process
transactions without actually requiring employees to journalize and post to the accounts.
Answer: TRUE
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
16) Which of the following accounting information system activities can be classified under payroll
business transactions?
A) approval of new employees
B) receipt of customer payment
C) processing of vendor invoice
D) payment for goods or services
Answer: A
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
4
Copyright © 2014 Pearson Education, Inc.
17) Which of the following accounting information system activities is completed when merchandise
inventory is sold?
A) preparation and payment of payroll
B) processing of sales invoice
C) receipt of goods or services
D) payment for goods or services
Answer: B
Diff: 1
LO: 7-1
AACSB: Application
AICPA Functional: Measurement
18) For a company to safeguard a business's assets and reduce the likelihood of fraud and errors, its
accounting information system:
A) should be manual.
B) must be flexible to accommodate changes in a business over time.
C) should work smoothly with the business's employees.
D) must provide adequate controls of a business's assets and data.
Answer: D
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
5
Copyright © 2014 Pearson Education, Inc.
21) An accounting information system is said to be relevant if it:
A) works smoothly with the business's employees and organizational structure.
B) safeguards a business's assets and reduces the likelihood of fraud and errors.
C) provides information that will improve decision making and reduce uncertainty.
D) can accommodate changes in the business over time.
Answer: C
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
22) An accounting information system is said to have good control characteristics if it:
A) works smoothly with the business's employees and organizational structure.
B) safeguards a business's assets and reduces the likelihood of fraud and errors.
C) provides information that will improve decision making and reduce uncertainty.
D) can accommodate changes in the business over time.
Answer: B
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
6
Copyright © 2014 Pearson Education, Inc.
25) In an accounting information system, source documents are the documents which:
A) are audited and presented to the Securities Exchange Commission.
B) detail the strategic planning of the business.
C) have complete information about the financial statements.
D) provide the evidence for accounting transactions.
Answer: D
Diff: 2
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
26) Which of the following is an example of a source document in a computerized accounting information
system?
A) purchase invoices
B) balance sheet
C) cash payments journal
D) income statement
Answer: A
Diff: 1
LO: 7-1
AACSB: Application
AICPA Functional: Measurement
27) Which of the following is true of source documents in an accounting information system?
A) All journal entries can be considered as source documents in an accounting information system.
B) Source documents provide control and reliability in an accounting information system.
C) A manual document cannot be considered as a source document in an accounting information system.
D) In a manual accounting information system, source documents refer to financial statements.
Answer: B
Diff: 2
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
28) Which of the following is an example of a source document in a computerized accounting information
system?
A) statement of cash flows
B) balance sheet
C) bank checks
D) general ledger
Answer: C
Diff: 1
LO: 7-1
AACSB: Application
AICPA Functional: Measurement
7
Copyright © 2014 Pearson Education, Inc.
29) Which of the following is true of data processing and storage in a computerized information system?
A) In a computerized accounting information system, processing includes manually journalizing
transactions and posting to the accounts.
B) In a computerized accounting information system, there will be a main centralized computer where
data is stored, which cannot be accessed from any other computers.
C) In both manual and computerized systems, all data are contained in paper documents and are often
stored in filing cabinets and off-site document warehouses.
D) In a computerized accounting information system, companies need to spend large amounts of cash to
ensure that their data and information are secure.
Answer: D
Diff: 2
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
30) The main computer where data is stored, which can be accessed from many different computers is
known as a(n) ________.
A) internet protocol
B) RAM
C) server
D) router
Answer: C
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
31) Which of the following is an example of a storage device in an accounting information system?
A) monitor
B) network
C) printer
D) server
Answer: D
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
8
Copyright © 2014 Pearson Education, Inc.
33) Which of the following is an output device in an accounting information system?
A) keyboard
B) internet protocol
C) printer
D) mouse
Answer: C
Diff: 1
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
35) Which of the following is true of the comparison between a manual and a computerized accounting
information system?
A) In both manual and computerized systems, reports and financial statements must be created using
Word documents, Excel spreadsheets, or PowerPoint.
B) In a computerized system, the software can generate financial reports instantaneously that can never
be manipulated.
C) In a manual system, data are contained in paper documents that are often stored in filing cabinets and
off-site document warehouses; whereas in a computerized system, data are stored on a main computer
called a server.
D) In both manual and computerized systems, processing data includes manually journalizing
transactions and posting to the accounts.
Answer: C
Diff: 2
LO: 7-1
AACSB: Concept
AICPA Functional: Measurement
9
Copyright © 2014 Pearson Education, Inc.
Learning Objective 7-2
1) A general ledger is an accounting journal designed to record one specific type of transaction.
Answer: FALSE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
3) A subsidiary ledger is a record of accounts that provides supporting details on individual balances, the
total of which appears in a general ledger account.
Answer: TRUE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
4) The accounts payable subsidiary ledger lists each vendor along with amounts paid to the vendors and
the remaining amounts owed to them.
Answer: TRUE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
5) The Accounts Receivable balance in the general ledger may or may not equal the sum of the accounts
in the accounts receivable subsidiary ledger.
Answer: FALSE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
6) Generally, all transactions are recorded in a special journal as well as the general journal.
Answer: FALSE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
10
Copyright © 2014 Pearson Education, Inc.
7) Entries in the sales journal are posted to both the accounts receivable subsidiary ledger and the general
ledger.
Answer: TRUE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
8) After posting entries in a sales journal to the general ledger, the Accounts Receivable balance in the
general ledger should equal the sum of the individual customer balances in the accounts receivable
subsidiary ledger.
Answer: TRUE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
9) Cash receipts journal is a special journal used to record business transactions of all cash receipts and
credit sales.
Answer: FALSE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
10) While recording a transaction in the cash receipts journal, the Other Accounts CR column is used
when a transaction involves a credit entry that is not listed in the headings (columns) of the cash receipts
journal.
Answer: TRUE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
11) Unlike the sales journal, entries in the cash receipts journal are posted monthly to the accounts
receivable subsidiary ledger and daily to the general ledger.
Answer: FALSE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
11
Copyright © 2014 Pearson Education, Inc.
12) While posting the entries from a sales journal, the total of the Accounts Receivable DR, Sales Revenue
CR column is posted to the accounts receivable subsidiary ledger.
Answer: FALSE
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
12
Copyright © 2014 Pearson Education, Inc.
16) A subsidiary ledger is:
A) an accounting journal designed to record a specific type of transaction.
B) a created list of the accounts used by a business entity to define each class of items for which cash is
spent or received.
C) a complete record of business transactions recorded in a ledger over the life of a company.
D) a record of accounts that provide supporting details on individual balances, the total of which appears
in a general ledger account.
Answer: D
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
13
Copyright © 2014 Pearson Education, Inc.
19) Which of the following is true of an accounts receivable subsidiary ledger?
A) It does not include a receivable account for each customer, but includes a cumulative account for all
customers.
B) It contains information about the amount each customer purchased on credit, but excludes the
customer name.
C) The total of the accounts in the accounts receivable subsidiary ledger must equal the accounts
receivable balance in the general ledger.
D) Companies keep an accounts payable subsidiary ledger that is entirely different than the accounts
receivable subsidiary ledger.
Answer: C
Diff: 1
LO: 7-2
AACSB: Concept
AICPA Functional: Measurement
20) Assume that a company has only four customers: A, B, C, and D. The accounts receivable balance in
the general ledger is $7,983 and the accounts receivable subsidiary ledger of customers A, C, and D have
$1,246, $2,596 and $3,240 respectively. Calculate the amount in the accounts receivable subsidiary ledger
account of customer B.
A) $7,082
B) $2,147
C) $1,391
D) $901
Answer: D
Explanation: D) The accounts receivable balance of $7,983 in the general ledger equals the sum of the
accounts in the accounts receivable subsidiary ledger ($1,246 + $2,596 + ? + $3,240). Therefore, the amount
in the accounts receivable subsidiary ledger account of customer B = $7,983 - ($1,246 + $2,596 + $3,240) =
$901
Diff: 1
LO: 7-2
AACSB: Application
AICPA Functional: Measurement
14
Copyright © 2014 Pearson Education, Inc.
21) A company has four vendors and the accounts payable subsidiary ledger shows the following
balances.
Alpha $275,821
Beta 143,474
Gamma 78,943
Delta 34,187
15
Copyright © 2014 Pearson Education, Inc.
Another random document with
no related content on Scribd:
päin ja oli jo sen tavottamaisillaan, kun jalkansa luiskahtivat, musta
liukas lima kalliossa veden rajassa livetti, hän keikahti takaperin ja
suilahti jyrkkää kallion kuvetta myöten syvyyteen.
Muukalaista verta.
*****
Korventauksen koirat näyttivät tehneen yksituumaisen päätöksen
asettua viholliselle kannalle kahta kylään ilmestynyttä muukalaista
vastaan. Milloin muukalaiset tulivat heidän seuraansa, antoivat he
niille säälimättömästi selkään. Etenkin kahden naapuritalon koirat
hammastivat yhtenään näitä pentukoiria, jotka suuruudestaan
huolimatta olivat vielä hentoja ja heikkoja. Penttilän vanha vihainen
Nuoli kerran puri Caroa niin pahasti, että rautatieinsinööri uhkasi
ampua Nuolen.
Kuka tiesi minkä tähden tuo Silju rakastui Caroon? Caro oli
pystykorvain mielestä hirvittävän ruma koira. Vaan Silju viihtyi Caron
seurassa, sillä Caro oli ylhäissukuinen, jaloverinen rakastaja, jolle
seikalle hempeä sukupuoli aina antaa niin suuren arvon. Caro osasi
mielistelläkin Siljua paremmin kuin kylän pystykorvat. Hän heittäytyi
Siljun eteen selälleen ja liehakoi; hän antoi Siljun leikillään pureksia
käpäliään. Erittäinkin miellytti Siljua, kun Caro aina otti suureen
leveään suuhunsa hänen pienen suipon päänsä ja pureksi sitä
hellävaraa. Caro voitti Siljun kokonaan omakseen.
He olivat lapsia.
Talossa oli vähän pienempi tyttö, joka katseli ujoa pikku poikaa.
Tyttö meni kohta pojan lähelle ja kysyi, eikö pojalla ollut hyvin kylmä
ja hyvin nälkä. Olihan pojalla hyvin kylmä ja hyvin nälkä. Tyttö katseli
suurella säälillä tuota pikku poikaa, jonka kasvot olivat kylmästä
sinervän punaiset, kalvoset vilusta mustat, jolla oli suuri, väljä ja
repaleinen nuttu, jonka ruumis värisi, ja veripunainen varvas näkyi
kengästä.
— Äiti!
— No mitä?
— Minä olen jo niin kauvan ollut teillä, minun pitää nyt mennä
toiseen taloon.
— Vaan äiti lupasi, että saat olla meillä. Jää vaan vielä meille!
houkutteli Hilma.
Kun Hilma, ainoa lapsi, niin paljon pojasta piti ja omasta säälistään
antoi emäntä pojan jäädä yhä edelleen taloon. Hän opetti hänet
käämiä tekemään ja käytti häntä pienillä asioilla. Kun Hilma yhä
vakuutti pojalle, että hän saa olla aina heillä, tavastui poika vähitellen
taloon eikä muistanut enää yrittääkään pois, vaan oli kuin kotonaan.
Äiti oli varma, että heistä vielä pari tulee, vaan kuka tiesi milloin,
kun ovat vielä niin lapselliset. Hän toivoi, että se tapahtuisi hänen
elinaikanaan. Mutta nuoret rakastivat toisiaan niin salaa ja ujostivat
häntä.
— Minä liitän nyt teidät yhteen, sanoi äiti ja asetti heidät käsikkäin.
Onko se teidän tahtonne?
Äiti näki, että hänen täytyy asia auttaa perille asti, ja eräänä
päivänä ehdotti hän, että heidät pantaisiin kuulutuksiin ja kohta
vihittäisiin. Hän vanhenee vanhenemistaan eikä voi enää kauvan
elää, vaan tahtoisi nähdä heidän liittonsa ennen kuolemataan.
Hän siunasi tuon puhtaan sijan, että ne kaksi tulisivat sillä aina
lepäämään onnellisina.
— Hilma!
— Mitä, äiti?
— Tulepas tänne!
Tuo toinen vuode ajan ollen hävisi äidin tahdosta, vaan äidillä oli
sittekin omat epäilyksensä lastensa yhdyselämästä. Hänellä oli
vanha tarkka silmä, jonka ohi ei mennyt mitään.
Viiden, kuuden kuukauden kuluttua sai Kaarle työnjohtajan paikan
eräässä pienemmän kaupungin kirjapainossa. Sinne muutti Kaarle
Hilmansa kanssa.
Junankulettaja.
Lehmiä hän suorastaan vihasi ja inhosi, ja kun hän näki niitä radan
varrella syömässä ja katsoa ammottamassa ohi kiitävää junaa, oli
hänen tapanaan sanoa: "Tuolla lailla te ammottaisitte, vaikka
päällenne laskisi." Kun taas lehmät läksivät peloissaan juoksemaan
radan vartta aidan toisella puolen, sanoi hän: "Ne varmaan tulisivat
radalle junan eteen, jos pääsisivät." Kun lehmä sattui radalle ja
häntä suorana alkoi juosta ja laukata edellä pakoon, ei hän voinut
olla nauramatta, niin rumalta ja typerältä se hänestä näytti. Hyvä
hevonen voi joitakuita kilometrejä juosta junan edellä, mutta että
lehmä — oh, se oli niin mieletöntä ja inhoittavaa, että hän olisi
suonut veturissa olevan laitoksen, joka olisi syytänyt tulta ja tulikiveä
tuohon elukkaan, ennen kuin se joutui veturin alle. Ajettuaan lehmän
päälle hän aina kertoi, että lehmä on niin kauhean tyhmä eläin ja
mitenkä hän ajaessaan hevosella säälimättä laskee päälle, eikä
odota kunnes tämä vetelä eläin on kömpinyt ylös maantien keskeltä,
johon se on ruvennut märehtimään. Tavallisesti se ennättää
kuitenkin hevosen edestä nousta, vaan vetäytyy syrjään niin
laiskasti, että useasti hänen ajaessaan on kärrinpyörä raapaissut sitä
lonkkaluuhun tai kylkeen.
Heittäytyä junan alle saadakseen siten surmansa, sitä vastaan
hänellä ei ollut mitään, se oli varma että surmansa siinä sai, ja
saihan ihminen valita parhaimman keinon kuolemataankin varten.
Jotka taas muka vahingossa jäivät junan alle, heitä hän ei säälinyt
ollenkaan, sillä hänen mielestään oli joka tapauksessa kunkin oma
syynsä, jos jäi junan alle, kun kerran rautatieliikkeessä on niin selvät
säännöt ja järjestykset, että kaikkein yksinkertaisimmankin ihmisen
pitäisi osata niitä noudattaa. Eläimet eivät tosin tietäneet
ohjesäännöistä, mutta niiden omistajain piti tietää eikä päästää
elukoitaan radalle; siitä ei ollut mitään edesvastausta, jos ajoi radalle
tulleen elukan päälle.
*****
— Mutta kun lehmä on niin laiska, ettei mene edestä pois, märehtii
vaan!