Introduction to Accounting Information Systems
Question Bank
Course Introduction
This course provides an overview of accounting information systems (AIS) and their role in organizations. Students will explore the fundamental concepts, components, and technologies that support the collection, processing, and reporting of financial data. Topics include system design, internal controls, data security, the use of databases, and the impact of emerging technologies on accounting practices. By the end of the course, students will understand how AIS facilitate effective decision-making and ensure the integrity and reliability of financial information within organizations.
Recommended Textbook
Computer Accounting with QuickBooks Online A Cloud Based Approach 1st Edition by Carol Yacht
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12 Chapters
240 Verified Questions
240 Flashcards
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Chapter 1: Quickbooks Online Test-Drive
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Sample Questions
Q1) Liability accounts usually start with the number 3000.
A)True
B)False Answer: False
Q2) When you sign out of the test drive,your data is:
A)Saved.
B)Not saved.
C)Exports to Excel.
D)Saved as PDF file.
E)All. Answer: B
Q3) The cloud stores data on web servers instead of your computer.
A)True
B)False Answer: True
Q4) A Chart of Accounts is a list of the company snapshot accounts.
A)True
B)False Answer: False
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Chapter 2: New Company Setup and the Chart of Accounts
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Sample Questions
Q1) Refers to software that is built,installed,delivered and accessed entirely from remote web servers.
A)Cloudware.
B)Software.
C)Hardware.
D)Google docs.
E)All.
Answer: A
Q2) Software as a service and cloud computing are alike.
A)True
B)False
Answer: True
Q3) On the Chart of Accounts,the View register link is for income,cost of goods sold and expense accounts.
A)True
B)False
Answer: False
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Page 4
Chapter 3: Beginning Balances and October Transaction Register
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Sample Questions
Q1) You can look at the Journal to see all the transactions that were entered.
A)True
B)False Answer: True
Q2) When QBO updates,accounts may be added automatically to the chart of accounts.
A)True
B)False
Answer: True
Q3) A transaction in which there are at least two parts - a debit and a credit - also called distribution lines is called:
A)Register.
B)Trial balance.
C)Journal entry.
D)Balance sheet.
E)None
Answer: C
Q4) Sales receipts are included in the Customers list.
A)True
B)False Answer: True
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Chapter 4: Vendors and Inventory
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Sample Questions
Q1) The process of bringing the balance of the bank statement and balance of the checking account into agreement is called:
A)Accounts payable.
B)Accounts receivable.
C)Bank reconciliation.
D)Debits and credits.
E)All.
Q2) Before you reconcile,your check register balance does not include the bank's service charge.
A)True
B)False
Q3) In QBO,an up-to-date record of inventory is maintained and tracked.This is called:
A)Perpetual inventory.
B)Periodic inventory.
C)Sales and cost of goods sold.
D)Account payable and customer accounts.
E)None
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6
Chapter 5: Customers and Sales
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Sample Questions
Q1) Distribution lines on a journal entry are also shown on the Statement of Cash Flows.
A)True
B)False
Q2) _______________________________________are credit transactions from customers.
A)Transfer transactions.
B)Accounts receivable transactions.
C)Accounts payable transactions.
D)Chart of accounts transactions.
E)None.
Q3) A Bank Statement shows the checks and deposits that cleared the bank. A)True
B)False
Q4) If all customer payments have been received,the A/R Aging Summary has a zero balance.
A)True
B)False
Q5) Once you issue an invoice to a customer,that customer owes your business money. A)True
B)False
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Chapter 6: December Source Documents
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Sample Questions
Q1) Sales receipts and remittances work together.
A)True
B)False
Q2) In Chapter 6,the Trial Balance is displayed from October 1 through December 30.
A)True
B)False
Q3) Receiving payment from a customer is recorded in the following way:
A)Customers page > select customer > Receive Payment.
B)Create menu (+)> Receive Payment.
C)Receive payment from the Customers page or the Create menu.
D)Gear icon > Account and Settings > Advanced.
E)None.
Q4) On the Sales Receipts page,select the appropriate credit card name.
A)True
B)False
Q5) To see the appropriate report balances,type the date range.
A)True
B)False
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Chapter 7: Analysis and Reportsend of Fourth Quarter and Year
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Sample Questions
Q1) The purpose of closing the books is to transfer:
A)Drawing to Sales.
B)Cost of Goods Sold to Accounts Payable.
C)Checking to Accounts Receivable.
D)Net income to Retained Earnings
E)None.
Q2) To close the books,change the trial balance date to December 31 of the current year.
A)True
B)False
Q3) Before completing work in Chapter 7,display the:
A)Export the October 1 trial balance to Excel.
B)Save the November 30 trial balance as a PDF file.
C)October 1 through December 31 trial balance.
D)All.
E)None.
Q4) To see the appropriate report balances,type the date range.
A)True
B)False
Page 9
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Chapter 8: January Source Documents
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Sample Questions
Q1) QB Online tracks Accounts Receivable (A/R)by entering a bill,then paying the bill.
A)True
B)False
Q2) In QuickBooks you can void a check if it was lost in the mail or never cashed.
A)True
B)False
Q3) When inventory is purchased,Account 115 Merchandise Inventory is decreased.
A)True
B)False
Q4) Use this source document for issuing checks:
A)Invoice.
B)Sales Receipts.
C)Credit card receipts.
D)Transaction register.
E)None.
Q5) Do not delete a check if the check number has been used of if the check was printed.
A)True
B)False
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Chapter 9: February Source Documents
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Sample Questions
Q1) For vendor payments,refer to the Memo source document.
A)True
B)False
Q2) Identify the primary financial statement that summarizes the Chart of Accounts.
A)Profit and Loss.
B)Summary reports such as A/R Aging.
C)Adjusting entry report.
D)Cash Flow forecast.
E)None.
Q3) The vendor used for the Loan Payable account is First Trust Bank.
A)True
B)False
Q4) The balance in Account 101 Checking should be the same as the balance on which report?
A)Transaction register.
B)Journal.
C)Transfer account.
D)None.
E)All.
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Chapter 10: February Source Documents
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Sample Questions
Q1) Customers are people who purchase products and services from you.
A)True
B)False
Q2) What report do you run to display overdue bills?
A)Accounts Payable Aging report.
B)Accounts Receivable Aging report.
C)Open Bills.
D)Audit Log.
E)None
Q3) At the end of March,adjustments for the following accounts are made except for:
A)Rent expense.
B)Insurance expense.
C)Accumulated depreciation.
D)Checking account balance.
E)None.
Q4) To remove a product from the item list,make it inactive.
A)True
B)False
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Page 12
Chapter 11: Certification, quick-Books Labs and Report
Customization
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Sample Questions
Q1) The user interface is a part of learning how to navigate QBO.
A)True
B)False
Q2) Which of the following objectives does the QBO certification test cover:
A)QBO setup.
B)Purchases
C)Sales.
D)Reports
E)All.
Q3) Customers are people who purchase products and services from you.
A)True
B)False
Q4) What feature lets you save customized reports?
A)Memorize transactions.
B)Save and name customized report.
C)Update report and name customized report.
D)Automate report.
E)None.
Page 13
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Chapter 12: Apps, updates and QB Online Blog
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Sample Questions
Q1) No inventory apps are included for use with QBO.
A)True
B)False
Q2) If QBO has been updated,this type of message appears:
A)Updated settings.
B)Gear and company name.
C)Magnifying-glass icon.
D)Navigation bar changes.
E)All.
Q3) The QBO Blog only includes posts from Intuit.
A)True
B)False
Q4) You cannot search the QBO blog.
A)True
B)False
Q5) The QBO Blog includes the latest information about the software.
A)True
B)False
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