Question 1

• Which of the following is best described as a meaningless total?

• (a) Check digit• (b) Limit check• (c) Hash total• (d) Record count• (e) Quantity total

Question 2

• All of the following would be recurring adjusting entries EXCEPT • (a) Record straight-line depreciation on office equipment; the

equipment will be fully depreciated in two years.• (b) Record sum-of-the-years'-digits depreciation on buildings.• (c) Record insurance premiums expired; the policy was

purchased three years ago.• (d) Record physical inventory overages/shortages; a physical

inventory is taken once per year.• (e) Record amortization of discount on bonds payable; the

bonds mature next year.

Question 3

• Everything that surrounds a system would be called the system’s

• (a) Interface• (b) External Entities• (c) Environment• (d) Boundary• (e) Data Flow Diagram

Question 4• Which of the following statements is CORRECT? • (a) Invoices are to recording payables as packing slips are to

receiving goods.• (b) The only file in the GL/FR system is the inventory master file.• (c) The accounts payable master file would show, in chronological

sequence, the details of each payment that the company has made.

• (d) The voucher that represents an authorization to make a payment is called a journal voucher.

• (e) The inventory master file usually serves as a tickler file for both the purchasing and receiving departments.