Exam 15: Accounting Information Systems

List the four special journals that are often used in a manual accounting information system.State what types of transactions are recorded in each of these special journals.

Hardware is electronic equipment that includes computers,monitors,printers,and the network that connects them.

What are the two basic components of a computerized accounting information system?

Which of the following transactions is recorded by selecting the "Receive payment" action of QuickBooks?

A company has four vendors and the accounts payable subsidiary ledger shows the following balances. Alpha \ 278,821 Beta 157,474 Gamma 83,943 Delta 44,187 Calculate the accounts payable balance in the general ledger.

Companies are now spending less amounts of cash to ensure that their data and information are secure.

An accounting information system is said to have good compatibility,if it ________.

On April 1,a hardware retailer purchases inventory on account for $1500.Which of the following correctly describes the effect of this transaction? Assume a perpetual inventory system is used.

Credit sales of assets other than merchandise inventory occur infrequently and are recorded in the ________.

Dakota Company has four customers: A,B,C,and D.The accounts receivable balance in the general ledger is $8683 and the accounts receivable subsidiary ledger of customers A,C,and D have $1346,$3296,and $3340,respectively.Calculate the amount in the accounts receivable subsidiary ledger account of customer B.

Which of the following is NOT an example of a storage device in an accounting information system?

Which of the following is true of posting from a sales journal to the general ledger?

An accounting information system creates the structure to encourage adherence to management policies.

An accounting information system collects,records,stores,and processes accounting data to produce information that is useful for decision makers.

Cash sales are recorded in the ________ journal.

The purchases journal is a special journal used to record all purchases of merchandise inventory,office supplies,and other assets on account.

The cash disbursements journal is also called the check register.

Midwest Enterprises uses special journals.The company borrowed $10,000 from First State Bank.This transaction is recorded in the ________.

Triangle Corporation sold a product on credit for $2,235 to Hexagon Sales.The cost of goods sold was $1,324.Assuming Triangle is following a perpetual inventory system and using a sales journal,it will record $2,235 in the ________.

Describe the transactions recorded in the purchases journal.