Practice | Define and Describe the Components of an Accounting Information System

Q1 | So far, computer systems cannot yet ________.

receive data and instructions from input devices such as a scanner.

decide how to record a business transaction.

communicate with other computers electronically.

recognize that you made a mistake entering $100 when you meant to enter $101.

Q2 | Any device used to provide the results of processing data is a(n) ________ device.

sources

input

output

storage

Q3 | Source documents ________.

are input devices

are output devices

do not have to be on paper

cannot be electronic files

Q4 | All of the following can provide source data except ________.

a scanning device at the grocery store

a utility bill received in the mail

a bar code reader

software to process the source data

Q5 | A document that asks you to return an identifying part of it with your payment is a(n) ________.

source document

cloud document

point-of-sale document

turn-around document

Q6 | Which of the following is false about accounting information systems?

They provide reports that people analyze.

They prevent errors and stop employees from stealing inventory.

They are designed to gather data about the company’s transactions.

They consist of processes that involve input of data from source documents, processing, output, and storage.

Principles of Accounting Volume 1: Financial Accounting