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    AIS (Chapter 5 - MC)

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    ms.mariannedriz20

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    AIS (Chapter 5 - MC)

    Uploaded by

    ms.mariannedriz20
    17 views3 pages

    Original Title

    AIS ( Chapter 5- MC)

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    17 views3 pages

    AIS (Chapter 5 - MC)

    Uploaded by

    ms.mariannedriz20

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    AIS ( Chapter 5- MC)

    Study online at https://quizlet.com/_1t3x2p

    1. Which document helps to ensure that the receiving b. blind copy of


    clerks actually count the number of goods received? purchase order
    a. packing list
    b. blind copy of purchase order
    c. shipping notice
    d. invoice

    2. When the goods are received and the receiving report a. standard cost in-
    has been prepared, which ledger may be updated? ventory ledger
    a. standard cost inventory ledger
    b. inventory subsidiary ledger
    c. general ledger
    d. accounts payable subsidiary ledger

    3. Which statement is NOT correct for an expenditure c. accounts


    system with proper internal controls? payable is respon-
    a. cash disbursement maintains the check register sible for paying in-
    b. accounts payable maintains the accounts payable voices
    subsidiary ledger
    c. accounts payable is responsible for paying invoices
    d. accounts payable is responsible for authorizing
    invoices

    4. Which duties should be segregated? b. authorizing pay-


    a. matching purchase requisitions, receiving reports, ment and main-
    and invoices and authorizing payment taining the check
    b. authorizing payment and maintaining the check reg- register
    ister
    c. writing checks and maintaining the check register
    d. authorizing payment and maintaining the accounts
    payable subsidiary ledger

    5. Which document would an auditor most likely choose d. receiving re-


    to examine closely to ascertain that all expenditures ports
    incurred during accounting period have been record-
    ed as a liability?
    a. invoices
    b. purchase orders

    1/3
    AIS ( Chapter 5- MC)
    Study online at https://quizlet.com/_1t3x2p
    c. purchase requisitions
    d. receiving reports

    6. Which task still (typically) requires human interven- c. preparation of a


    tion in an integrated purchases/cash disbursements receiving report
    systems?
    a. determination of inventory requirements
    b. preparation of a purchase order
    c. preparation of a receiving report
    d. preparation of a check register

    7. Which one of the following departments does not re- d. general ledger
    ceive a copy of the purchase order?
    a. the purchasing department
    b. the receiving department
    c. accounts payable
    d. general ledger

    8. Which document typically triggers the process of d. suppliers in-


    recording a liability? voice
    a. purchase requisition
    b. purchase order
    c. receiving report
    d. suppliers invoice

    9. Which of the following tasks should the cash dis- c. approve the lia-
    bursements clerk NOT perform? bility
    a. review the supporting documents for completeness
    and accuracy
    b. prepare checks
    c. approve the liability
    d. mark the supporting documents paid

    10. Which of the following is true about cash disburse- c. cash disburse-
    ments ? ment is a treasury
    a. the cash disbursement function is part of accounts function
    payable
    b. cash disbursements is an independent accounting
    function
    c. cash disbursement is a treasury function
    2/3
    AIS ( Chapter 5- MC)
    Study online at https://quizlet.com/_1t3x2p
    d. the cash disbursement function is part of the gen-
    eral ledger department

    3/3

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