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An accounting information system processes information to provide users with data A True. B. False 2. AlS provides value by improving products or services through

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An accounting information system processes information to provide users with data A True. B. False 2. AlS provides value by improving products or services through information that increases quality and creatine new products. A True. B. False 3. The general ledger Includes all accounts and summarizes the transactions In journals A. True. B. False. 4. Debits and credits in the subsidiary accounts recevable ledger do not have to be equal A. True. B. Fabe. 5. A sales order, a credit memo and a shipping invoice are common source decuments cycle A True. B. False. 6. The audit trail consists of records stored sequentially in an audit file and is intended to verifly the validity and accuracy of transaction recording A. True B False 7. A DFD created at the highest level is referred to as a context diagram. A True. B. False 8. In a DFD, a data destination will be shown by an arrow pointing in. A. True. B. False. A data flow diagram is a graphical description of the source and destination of data that shows how data flow outside an organization. A. True. B. False 9. 10. Transaction cycles can be summarized on a high level as "give-get" transactions. An example of "give-get" in the revenue cycle would be: give cash and get goods. A. True. B. False

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