1 Describe the data processing cycle used to process transactions, including how data is input,
stored, and processed and how information is output.
1)
... [Show More] Which of the following commonly initiates the data input process?
A) a business activity
B) automatic batch processing
C) an accounting department source document
D) a trial balance query
Answer: A
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2) A typical source document could be
A) some type of paper document.
B) a computer data entry screen.
C) the company's financial statements.
D) both A and B
Answer: D
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
3) Which of the following is not considered a source document?
A) A copy of the company's financial statements.
B) A copy of the company's shipping document.
C) A copy of the company's sales journal.
D) A copy of the company's ledger.
Answer: A
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2
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4) Which step below is not considered to be part of the data processing cycle?
A) data input
B) feedback from external sources
C) data storage
D) data processing
Answer: B
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
5) John Pablo works in the accounting department of a multinational manufacturing company.
His job includes updating accounts receivable based on sales orders and remittance advices. His
responsibilities are part of the company's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: A
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Reflective Thinking
6) John Pablo works in the accounting department of a multinational manufacturing company.
His job includes updating accounts payable based on purchase orders and checks. His
responsibilities are part of the company's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: B
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Reflective Thinking [Show Less]