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Accounting Information Systems and Master Data Management

This quiz covers concepts related to computerized accounting systems, including master data structures (customers/suppliers), data processing, back-end databases, accounting frameworks, and chart of accounts organization.

11 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

One of the greatest difficulties in auditing a computerized accounting system is:

  1. Data can be erased from the computer with no visible evidence.
  2. Because of the lack of an audit trail, computer systems have weaker controls and more substantive testing is required.
  3. Because of the uniform nature of transaction processing, computer systems have strong controls and less substantive testing is required.
  4. The large dissemination of entry points into the computer system leads to weak overall reliance on information generated by a computer.
Question 2 Multiple Choice (Single Answer)

Which of the following detail is included in Customers Master?

  1. Name of the Customer
  2. Address
  3. PAN Details
  4. All of the above.
Question 3 Multiple Choice (Single Answer)

A sequence of actions taken to transform the data into decision useful information is ________.

  1. Reporting System
  2. Front-end Interface
  3. Data Processing
  4. Back-end Database
Question 4 Multiple Choice (Single Answer)

______________ is the data storage system that is hidden from the user and responds to the requirement of the user to the extent the user is authorised to access.

  1. Data Processing
  2. Front-end Interface
  3. Reporting System
  4. Back-end Database
Question 5 Multiple Choice (Single Answer)

A basic requirement which consist a set of principles, coding and grouping structure of accounting is _______________.

  1. Operating Procedure
  2. Accounting Framework
  3. Data Processing
  4. Back-end Database
Question 6 Multiple Choice (Single Answer)

Which of the following detail is not included in Suppliers Master?

  1. Name of the supplier
  2. PAN Details
  3. Dealing person
  4. Nature of Business
Question 7 Multiple Choice (Single Answer)

The term ____________ means that the information of each customer and supplier is recorded once only and whenever any transaction entered with him is recorded, the detail of such customer or supplier is retrieved from the master and is not required to be fed again and again.

  1. customer master
  2. supplier master
  3. both (a) and (b)
  4. none of these
Question 8 Multiple Choice (Single Answer)

Customers Master or Suppliers Master is created for parties with whom the entity has regular dealing.

  1. True
  2. False
Question 9 Multiple Choice (Single Answer)

Some accounting software will classify some accounts as "income" accounts, while accountants might refer to these accounts as "revenue" accounts. Justify your answer with the correct option.

  1. True
  2. False
  3. Can't say
  4. None of these
Question 10 Multiple Choice (Single Answer)

The accounts shown in the chart of accounts can be broadly classified into two categories: Balance sheet accounts and ___________ accounts.

  1. Income statement
  2. Expense
  3. Revenues
  4. Cash
Question 11 Multiple Choice (Single Answer)

A collection of records pertaining to one of the main subjects of an information system, such as customers, employees, products and vendors is known as ___________.

  1. Master File
  2. Transaction File
  3. Master data management
  4. Customer File
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