Business Finance
Week 9 Quiz, Accounting Assignment Homework Help (10 Questions)

Question Description

WEEK 9 QUIZ (10 QUESTION)

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Multiple Choice Question 100 Principles of an efficient and effective accounting information system include all of the following except flexibility. useful output. all of these answer choices are principles. cost effectiveness. Multiple Choice Question 60 If merchandise from a cash sale is returned by a customer for a refund, the sales return is recorded in the cash payments journal. sales journal. general journal. cash receipts journal. Multiple Choice Question 73 Postings from the purchases journal to the general ledger are made weekly. monthly. yearly. daily. Multiple Choice Question 63 Adjusting entries are recorded in the special journals. in the general journal. only on the worksheet. only in the general led Multiple Choice Question 64 All of the column totals in the cash receipts journal are posted to general ledger accounts except the Cash column total. Sales column total. Other Accounts column total. Accounts Receivable column total. Multiple Choice Question 41 Postings to the control accounts in the general ledger are made monthly. annually. weekly. daily. Multiple Choice Question 46 A company would not likely use subsidiary ledgers for accounts receivable. inventory. owner's capital. equipment.. Multiple Choice Question 38 The principles of developing an accounting information system do not include cost effectiveness. elimination of human involvement. usefulness. flexibility. Multiple Choice Question 59 A company which uses special journals should record a transaction involving the purchase of merchandise for cash in a multi-column purchases journal. cash payments journal. one column purchases journal. general journal. Multiple Choice Question 107 Companies record credit purchases of equipment or supplies in the one-column purchases journal. cash receipts journal. cash payments journal. general journal. ...
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Final Answer

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Multiple Choice Question 100
Principles of an efficient and effective accounting information system include all of the following except

flexibility.
useful output.
all of these answer choices are principles.
cost effectiveness.
Multiple Choice Question 60
If merchandise from a cash sale is returned by a custom...

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