ais205 july 2021 TF

1. Input data can be obtained from internal and external sources.

• true

• false

2. A list of former employees is an example of archive file.

• true

• false

3. In UBS accounting system, Period 1 does not necessarily represent the month of

January.

• true

• false

4. The current accounting year can be determined by keying in the Last Accounting Year

Opening Date.

• true

• false

5. Quick Entry refers to a single transaction entry procedure.

• true

• false

6. In assigning pin number to manage batches, the default user ID for Pin 1 is ADMIN.

• true

• false

7. Debtors Control account is maintained in the General Ledger A/C Maintenance.

• true

• false

8. View Audit Trail enables us to list all modified transactions.

• true

• false

9. Only two stock accounts are required to maintain stock values and they are assigned

with special account codes.

• true

• false

10. You can Print Ledgers that include 0 balances.

• true

• false