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Prelim Quiz 2FUNDACCT

This document appears to be a 10 question preliminary quiz on accounting information systems and basic financial statements. It contains multiple choice questions testing understanding of concepts like cash flows, gross sales calculations, intangible assets, and key aspects of accounting information systems like access controls and menus. The quiz is presented through an online learning platform and allows the user to select answers before submitting for grading.

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Dhmi yassin
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86 views4 pages

Prelim Quiz 2FUNDACCT

This document appears to be a 10 question preliminary quiz on accounting information systems and basic financial statements. It contains multiple choice questions testing understanding of concepts like cash flows, gross sales calculations, intangible assets, and key aspects of accounting information systems like access controls and menus. The quiz is presented through an online learning platform and allows the user to select answers before submitting for grading.

Uploaded by

Dhmi yassin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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2/6/2021 Prelim Quiz 2

Home / My courses / UGRD-ACTG6101-2023T / Week 3: Accounting Information System & Basic Financial Statements and Its Components

/ Prelim Quiz 2

Question 1
Not yet answered

Marked out of 1.00

A ___ is a list of selections of computer functions.

Select one:
a. Menu

b. Computerized

c. Internal controls

d. Control

Clear my choice

Question 2
Not yet answered

Marked out of 1.00

The Cash balance on Jan 1, 2017 is P250,000, net cash outflows is P95,000, Cash balance on Dec 31, 2017 is P265,000. How much is the net
increase in cash for 2017?

Select one:
a. P155,000

b. P15,000

c. P170,000

d. P110,000

Clear my choice

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2/6/2021 Prelim Quiz 2

Question 3
Not yet answered

Marked out of 1.00

The information technology infrastructure pertains to the _____ components of AIS.

Select one:
a. Hardware

b. Software

c. Security

d. Input

Clear my choice

Question 4
Not yet answered

Marked out of 1.00

Give the following for RST Trading: Gross profit, P400,000 which is 40% of net sales , sales discount is 5%, sales returns and allowances is
7.5% Gross Sales is (round-off your answers to the nearest peso)

Select one:
a. P1,400,000

b. P1,000,000

c. P1,600,000

d. P1,142,857

Clear my choice

Question 5
Not yet answered

Marked out of 1.00

An important principle of AIS is that all persons should have access to the system and the data.

Select one:
True

False

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2/6/2021 Prelim Quiz 2

Question 6
Not yet answered

Marked out of 1.00

Only authorized person should have access to the system and the data is a the _____ feature of AIS identified by AICPA.

Select one:
a. Hardware

b. Software

c. Input

d. Security

Clear my choice

Question 7
Not yet answered

Marked out of 1.00

Data include billing statements, sales reports, check registers and purchase invoices.

Select one:
True

False

Question 8
Not yet answered

Marked out of 1.00

Following are intangible assets except

Select one:
a. Goodwill

b. Trademarks

c. Accounts Receivable

d. Patent

Clear my choice

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2/6/2021 Prelim Quiz 2

Question 9
Not yet answered

Marked out of 1.00

In computerized AIS, a list of selections in choosing computer functions is called what?

Select one:
a. People

b. Inputs

c. Computerized

d. Menu

Clear my choice

Question 10
Not yet answered

Marked out of 1.00

The Statement of Cash Flows gives the managers, investors and analyst a better understanding of the liquidity and solvency of a firm.

Select one:
True

False

◄ W3 Video

Jump to...

W4 Module004 Basic Financial Statements and its Components ►

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