
Transaction Processing
Quiz
•
Other
•
University
•
Practice Problem
•
Hard
JC Jang
Used 2+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is MOST likely to be a general ledger control account?
Rent Payable
Accounts Payable
Prepaid Supplies
Capital
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a specialized journal?
Sales Journal
Prepaid Rent Journal
Cash Receipts Journal
Payroll Journal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It used to capture used to capture and formalize transaction data needed for transaction processing.
Turnaround Document
Product Document
Source Document
Digital Document
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call a ledger that shows activity for each account listed on chart of accounts?
General Ledger
Inventory Ledger
Payroll Ledger
Subsidiary Ledger
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call a system that traces account balances contained in the financial statements back to source documents and the economic events that created them?
The Audit Trail
File Structuring
Master File Backup
System Documentation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under what transaction cycle is the acquisition of vehicle equipment?
Expenditure Cycle
Revenue Cycle
Conversion Cycle
Investment Cycle
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the subsystem of acquisition of vehicle equipment?
Purchasing System
Cash Disbursement System
Payroll System
Fixed Asset System
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