SUA QUESTIONS AND ANSWERS 2026
location of Chart of Accounts in the SUA packet of materials - Answers - Documents
Folder
location of Employee Earnings Subsidiary Ledger in the SUA packet of materials -
Answers - SUA Instructions, Flowcharts and Ledgers
location of Cash Receipts Journal in the SUA packet of materials - Answers - SUA
Journals
location of General Ledger in the SUA packet of materials - Answers - SUA Instructions,
Flowcharts and Ledgers
The reason for not permitting a person who has temporary or permanent custody of an
asset to account for that asset is to protect the company against
__________________________. - Answers - fraud.
A client's accounting records are unfamiliar to a new auditor. Where would the auditor
go to learn the names and numbers of the accounts being debited and credited in the
client's transactions? - Answers - Chart of Accounts
Which of the following sequence of steps in the accounting cycle is correct? - Answers -
Prepare documents, record in journals, post to ledgers, and prepare unadjusted trial
balance
What are the names of Waren's three employees? - Answers - Ray Kramer, Jim Adams,
Nancy Ford
The overall objective of the Systems Understanding Aid and this class is to - Answers -
help aid in the understanding and visualization of the entire accounting process
How much sales tax applies to wholesale sales according to Illinois state law? -
Answers - No sales tax
On January 15, Waren Sports Supply purchased on account $120,000 in from their
vendor Velocity Sporting Goods. On February 10 they paid the vendor in full for this
purchase.
The correct journal entry is - Answers - Debit Accounts Payable $120,000
Credit Cash $120,000
Which of the following statements are true? - Answers - Original entries are recorded in
journals and journal account totals are posted to ledgers periodically.
, According to the flowchart on page 31 of the Reference book, the process of preparing
the bank reconciliation is done by a person - Answers - True
An arrow with a dotted line (- - - - >) in a systems flowchart indicates which of the
following? - Answers - Only information flow, not document flow
When Waren Sports Supply receives a check in the mail in payment of an account
receivable, the following actions are taken in this order: - Answers - Restrictively
endorse check, enter on cash receipts prelist, make entry in cash receipts journal and
accounts receivable subsidiary ledger
A bank deposit is made each day cash is received. Who is responsible for making the
deposit? - Answers - Ray Kramer
At Waren Sports Supply who is responsible for restrictively endorsing a check upon
receipt? - Answers - Jim Adams
In the sales cycle, who reviews the sales invoice and support documents for accuracy?
- Answers - Jim Adams
There are seven steps to recording a transaction in the SUA, put them in the correct
order - Answers - 1.
Read and analyze the transaction.
Correct2.
Find the appropriate flowchart.
Correct3.
Locate and prepare the appropriate documents if any are necessary for this transaction.
Correct4.
Record the transaction to the appropriate journal if an entry is necessary for this
transaction.
Correct5.
Post individual items to subsidiary ledgers if necessary for the transaction.
Correct6.
File documents in the appropriate file tab in the envelope in accordance with the
flowchart description.
Correct7.
Proceed to the next transaction.
location of Chart of Accounts in the SUA packet of materials - Answers - Documents
Folder
location of Employee Earnings Subsidiary Ledger in the SUA packet of materials -
Answers - SUA Instructions, Flowcharts and Ledgers
location of Cash Receipts Journal in the SUA packet of materials - Answers - SUA
Journals
location of General Ledger in the SUA packet of materials - Answers - SUA Instructions,
Flowcharts and Ledgers
The reason for not permitting a person who has temporary or permanent custody of an
asset to account for that asset is to protect the company against
__________________________. - Answers - fraud.
A client's accounting records are unfamiliar to a new auditor. Where would the auditor
go to learn the names and numbers of the accounts being debited and credited in the
client's transactions? - Answers - Chart of Accounts
Which of the following sequence of steps in the accounting cycle is correct? - Answers -
Prepare documents, record in journals, post to ledgers, and prepare unadjusted trial
balance
What are the names of Waren's three employees? - Answers - Ray Kramer, Jim Adams,
Nancy Ford
The overall objective of the Systems Understanding Aid and this class is to - Answers -
help aid in the understanding and visualization of the entire accounting process
How much sales tax applies to wholesale sales according to Illinois state law? -
Answers - No sales tax
On January 15, Waren Sports Supply purchased on account $120,000 in from their
vendor Velocity Sporting Goods. On February 10 they paid the vendor in full for this
purchase.
The correct journal entry is - Answers - Debit Accounts Payable $120,000
Credit Cash $120,000
Which of the following statements are true? - Answers - Original entries are recorded in
journals and journal account totals are posted to ledgers periodically.
, According to the flowchart on page 31 of the Reference book, the process of preparing
the bank reconciliation is done by a person - Answers - True
An arrow with a dotted line (- - - - >) in a systems flowchart indicates which of the
following? - Answers - Only information flow, not document flow
When Waren Sports Supply receives a check in the mail in payment of an account
receivable, the following actions are taken in this order: - Answers - Restrictively
endorse check, enter on cash receipts prelist, make entry in cash receipts journal and
accounts receivable subsidiary ledger
A bank deposit is made each day cash is received. Who is responsible for making the
deposit? - Answers - Ray Kramer
At Waren Sports Supply who is responsible for restrictively endorsing a check upon
receipt? - Answers - Jim Adams
In the sales cycle, who reviews the sales invoice and support documents for accuracy?
- Answers - Jim Adams
There are seven steps to recording a transaction in the SUA, put them in the correct
order - Answers - 1.
Read and analyze the transaction.
Correct2.
Find the appropriate flowchart.
Correct3.
Locate and prepare the appropriate documents if any are necessary for this transaction.
Correct4.
Record the transaction to the appropriate journal if an entry is necessary for this
transaction.
Correct5.
Post individual items to subsidiary ledgers if necessary for the transaction.
Correct6.
File documents in the appropriate file tab in the envelope in accordance with the
flowchart description.
Correct7.
Proceed to the next transaction.
