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Accounting Information Systems

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter10: The Rea Approach To Database Modeling

Section: Chapter Questions

Problem 3MCQ

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Question

What is the full form of "ATM"?

a.Auto Teller Machine

b.Automatic Teller Machine

c.Automated Teller Machine

d.Authorized Teller Machine

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What is a credit memo? When is it used?
Which of the following types of transactions can be uploaded into QBO using the Receipt action. Select all that apply. Select one or more: a. Credit card receipts b. Bills c. Checks d. Invoices e. Deposits
Briefly described the differences between a credit, charger , debit & smart card
how is credit check in advance technology is different from credit check in basic technology
Billed customers in which Account (A/c) debited ?
What is the objective of having a control system and what is the key points of a credit control system?
Where does the client initiate the setup of QuickBooks Payments
Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer inquiriesb. sales to a customerc. accounts payabled. cashe. all of these events would be modeled
You just posted a debit to ABC Co. in the accounts receivable subsidiary ledger. Which special journal did it come from? A. sales journal B. cash receipts journal C. purchases journal D. cash disbursements journal E. general journal
Computerized Accounting Systems Most computerized accounting systems use electronic forms to record transaction information, such as the invoice form illustrated at the top of Exhibit 7. a. Which of the following would NOT be a key input field (space) in an electronic invoice form. Customer name, Invoice Number, Amount of cost of merchandise sold, or Amount revenue b. What accounts are posted from an electronic invoice? Cash and fees earned, Accounts Payable and fees earned, Cash and Accounts receivable, or Accounts Receivable and fees earned c. Are special journal totals posted to control accounts at the end of the month in an electronic accounting system? YES OR NO
Match the definitions below with the correct term. A system that collects and processes [ Choose ] financial information to decision-makers. [Choose] transaction data and communicates Accounts payable (creditors') subsidiary ledger Cash receipts journal Accounts receivable (customers') subsidiary ledger Special journals A subsidiary ledger that collects transaction data of individual creditors. Control account A subsidiary ledger that collects Accounting information system transaction data of individual customers. Purchases journal A group of accounts with a common characteristic Subsidiary ledger Cash payments (cash disbursements) journal Sales journal A special journal that records all disbursements of cash. Cybercrime Manual accounting system A special journal that records all cash [Choose ] received. An account in the general ledger that summarizes subsidiary ledger data. [ Choose ] A crime that involves the Internet, a [ Choose ] computer system, or computer technology. A system…
The subsidiary ledger that includes customer account activity is called the a. asset ledger b. accounts payable ledger c. expense ledger d. accounts receivable ledger

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