Outputs of a purchasing accounts payable cash distributions system normally might include all of the following except

a) Purchase order sent to vendor

b) A check send to the vendor

c) Receiving report completed by the receiving department

d) Vendor invoice

Which of the following items is not a control of the purchasing process?

a) Minimize inventory carrying costs

b) Approve purchase orders

c) Compare vendor and select those with favorable prices, terms, quality and product availability

d) Send PO confirmation to requesting department

Every purchasing/accounts payable/cash disbursements system needs to have a matching module built in to match the contents of which files

a) Purchase order file, remittance advices file, inventory master file

b) Purchase order file, receiving reports file, vendor invoice file

c) Accounts receivable master file, inventory master file, accounts payable master file

d) Cash disbursements file, cash receipts file, general ledger master file

Which of the following is not a key object for implementing a system of internal control?

a) Maintaining operational efficiency

b) Reliable financial reporting

c) Safeguarding assets

d) Good public relations

In many accounting information systems, the following documents may actually be very similar since they simply be different parts of a multi-part form. Which of the following is different from the others?

a) Sales order

b) Remittance advice

c) Picking ticket

d) Packing slip

What are recurring journal entries?

a) Several sales transactions recorded for different customers

b) Adjusting journal entries that need to be recorded every month

c) Journal entries used to correct errors

d) The same entries being recorded in both the accounts receivable/cash receipts and the accounts payable/cash disbursements systems.

Sales orders are sent by

a) Vendors

b) Customers

c) The receiving department

d) The shipping department

Which of the following data is least likely to be stored in the customer master file?

a) Customer number

b) Billing address

c) Ship-to address

d) Open invoices

A control that can be used to ensure that all of the characters of a social security number are entered by a data entry clerk is

a) Dependency check

b) Automatic logoff

c) Preformatted screens

d) Turnaround documents

Sales transactions enter the general ledger through the

a) Purchases/accounts payable/cash disbursements systems

b) Production system

c) Billing/accounts receivable/cash receipts systems

d) Human resource system

Which of the following is not an external entity associated with the order entry/billing accounts receivable/cash receipts system?

a) Inventory system

b) Carrier

c) Customer

d) Vendor