Accounting Information Systems Paper 1

1

When using a single column Sales Journal, the column total is:






2

Which of the following is never a controlling account?






3

To determine the collectability of a customer’s account would require evaluation of the records found in the






4

The total of the Schedule of Accounts Payable must be the same as the






5

Many large companies have saved millions of dollars by using specialized, sometimes custom written, software to increase speed and efficiency of their extended operations. This software is called






6

Which of the following statements is false with regard to a Cash Receipts Journal?






7

The process of verifying that total debits equal total credits in a columnar journal is called:






8

When special journals are used, a General Journal is






9

Supplies were purchased on credit and the entry was recorded in the Purchases Journal. When a part of this supply purchase is returned to the vendor, the entry to record the return will be in the general journal. What will be the journal entry for this return?






10

Which of the following is a combination of other sales taxes in the Atlantic Provinces?






Result

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