AIS | Quiz 6-7

Question 1

CASH DISBURSEMENT IS A TREASURY FUNCTION.

T or F

Answer 1

TRUE

Question 2

THE CASH DISBURSEMENT FUNCTION IS PART OF ACCOUNTS PAYABLE.

T or F

Answer 2

FALSE

Question 3

CASH DISBURSEMENT IS AN INDEPENDENT ACCOUNTING FUNCTION.

T or F

Answer 3

FALSE

Question 4

ACCOUNTS PAYABLE RESPONSIBLE FOR PAYING INVOICES IS AN INCOMPATIBLE TASK.

T or F

Answer 4

TRUE

Question 5

CASH DISBURSEMENT MAINTAINING THE CHECK REGISTER IS A COMPATIBLE TASK.

T or F

Answer 5

TRUE

Question 6

ACCOUNTS PAYABLE RESPONSIBLE FOR AUTHORIZING PAYMENT OF INVOICES IS AN INCOMPATIBLE TASK.

T or F

Answer 6

FALSE

Question 7

AUTHORIZING PAYMENT AND WRITING CHECKS ARE INCOMPATIBLE DUTIES.

T or F

Answer 7

TRUE

Question 8

THE VOUCHERS PAYABLE FILE IS EQUIVALENT TO THE OPEN ACCOUNTS PAYABLE FILE.

T or F

Answer 8

TRUE

Question 9

THE PURPOSE OF BLIND COPY WHICH CONTAINS QUANTITY OR PRICE INFORMATION ABOUT THE PRODUCTS BEING RECEIVED IS TO FORCE THE RECEIVING CLERK TO COUNT AND INSPECT INVENTORS PRIOR TO COMPLETING THE RECEIVING REPORT.

T or F

Answer 9

FALSE

Question 10

WHICH DEPARTMENT IN THE BASIC TECHNOLOGY EXPENDITURE CYCLE RECEIVED THE PURCHASE REQUISITION AND ADDS ITS RECORDS TO THE DIGITAL OPEN PURCHASE ORDER FILE?

WHAT DEPARTMENT?

Answer 10

PURCHASING DEPARTMENT

Question 11

WHICH ONE OF THE FOLLOWING FUNCTIONS IS RESPONSIBLE FOR SUBMITTING EMPLOYEE PAY

Answer 11

PERSONNEL

Question 12

WHO BELOW IS MOST LIKELY TO DISTRIBUTE PAYCHECKS?

Answer 12

PAYMASTER

Question 13

WHICH ONE OF THE FOLLOWING DOCUMENTS CAPTURES THE TOTAL AMOUNT OF TIME THAT INDIVIDUAL WORKERS SPEND ON EACH PRODUCTION JOB?

Answer 13

JOB TICKER

Question 14

ALL OF THE FOLLOWING CONTROLS ARE LIKELY TO APPLY TO A FIXED ASSET SYSTEM EXCEPT

Answer 14

DEVELOPMENT OF AN ECONOMIC ORDER QUANTITY MODEL

Question 15

WHICH ONE OF THE FOLLOWING DOCUMENTS CAPTURES THE TOTAL AMOUNT OF TIME THAT INDIVIDUAL WORKERS SPEND AT THE WORK LOCATION?

Answer 15

TIME CARD

Question 16

IT CAPTURES THE TIME THAT INDIVIDUAL WORKERS SPEND ON EACH PRODUCTION JOB.

Answer 16

JOB TICKETS

Question 17

THE FOLLOWING ARE ALL KEY OPERATING FEATURES OF AN ADVANCED TECHNOLOGY PAYROLL SYSTEM EXCEPT

Answer 17

DATA COLLECTION

Question 18

WHICH OF THE FOLLOWING IS NOT INCLUDED IN THE DEPRECIATION SCHEDULE:

Answer 18

GAIN OR LOSS

Question 19

This payroll control makes use of personnel action form to help keep employee records current and prevent fraud.

Answer 19

TRANSACTION AUTHORIZATION

Question 20

Payroll processing is a special-case purchases system in which the organization purchases raw materials or finished goods for resale than labor.

T or F

Answer 20

FALSE