1. Which of the following processes requires the direct intervention by users? a) Updating and posting...
1. Which of the following processes requires the direct intervention by users?
a) Updating and posting
b) File maintenance
c) Calculation
d) Summarization
2. What should be the characteristics of the information provided by an accounting system?
a) Useful
b) Timely
c) Easy to understand
d) All of the other answers
3. Which of the following statements about updating an open customer invoice file is correct?
a) Only cash sales are added.
b) Only credit sales are added.
c) Both cash and credit sales are added, but the cash sales are eliminated at the end of the accounting period.
d) Both cash and credit sales are added, because the file provides a source of sales history.
Homework Answers
Solution 1)
Correct Answer : a) Updating and posting
Reason: Posting and Updation is done at the customer's end. Hence is direct Intervention by users.
Solution 2)
Correct Answer : d) All of the above answer
Reason: Information by accounting system is Useful, timely for reaonal engluish etc,.
Solution 3)
Correct answer :c) Both cash and credit sales are added, but the cash sales are eliminated at the end of the accounting period.
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