SUA FINAL REVIEW QUESTIONS AND ANSWERS 2026
Adjusting entries are prepared for which of the following
a. record depreciation expense
b. adjust payroll expense for wages earned but not yet paid
c. record an inventory purchase
d. a and b only - Answers - d.
in the cash disbursements cycle, the vendor invoice is marked paid when a check is
issues in order to
a. avoid duplicate payment
b. file the invoice alphabetically
c. make the necessary entry in cash disbursement journal
d. indicate the purchase is a fixed asset - Answers - a.
at warren sports supply a completed credit sales transaction should be supported by
a. a customer order, bill of lading, sales invoice
b. a customer order, receiving report, sales invoice
c. customer order, bill of lading, voucher, sales invoice
d. customer order, bill of lading, receiving report, sales invoice - Answers - a.
which of the following control procedures would most likely assure that goods shipped
are billed?
a. reviewing sales journal for sequential and unusual entries
b. examining shipping documents for matching copies of sales invoices
c. comparing the accounts receivable ledger to daily sales summaries
d. inspecting unused sales invoices for consecutive prenumbering - Answers - b.
Why are employees required to sign their time cards each week upon receipt of their
check?
A.to acknowledge the number of hours they worked that week
B.to acknowledge that they received their check
C.to acknowledge that the payroll journal posting is correct
D.a and b only - Answers - d.
What document does a customer receive when goods are returned?
A.purchase order
, B.credit memo
C.debit memo
D.receiving report - Answers - b.
Which of the following statements is false?
A. As accounting systems become more automated, the likelihood of human input
errors will likely decrease.
B. As accounting systems become more interconnected, transaction cycle times will
likely decrease.
C. As accounting systems become more automated, management's assertions relating
to the transaction cycle will likely change to reflect the advancements in automation.
D. As accounting systems become more interconnected, the flowcharts relating to the
transaction cycle will likely change to reflect the advancements in automation. -
Answers - c.
In an accounting system, the separation of duties is an important aspect of the control
environment. At Waren Sports Supply, the three employees are separated according to
which three responsibilities?
A. accounting/operations (Ford), authorization (Kramer), and custody (Adams)
B. accounting (Adams), custody (Kramer), and operations/authorization (Ford)
C. accounting (Adams), custody/authorization (Kramer), and operations (Ford)
D. accounting/authorization (Kramer), custody (Adams), and operations (Ford) -
Answers - c.
A document prepared in the sales department of most firms for recording the
description, quantity and related information for goods purchased by their customers is
called a:
Selected Answer:
A. purchase order
B. sales invoice
C. purchase requisition
D. customer order
E. sales order - Answers - e.
As the manager of a company, you are concerned that not all customer orders are
being shipped. To test whether all orders for the year have been shipped, you would:
A.review all customer orders and make sure that each has a related bill of lading.
B.review all customer orders and make sure that each has a related sales invoice.
C.review all bills of lading and make sure that each has a related sales invoice.
D.review all sales invoices to make sure that they have been posted in the related
journal. - Answers - a.
Adjusting entries are prepared for which of the following
a. record depreciation expense
b. adjust payroll expense for wages earned but not yet paid
c. record an inventory purchase
d. a and b only - Answers - d.
in the cash disbursements cycle, the vendor invoice is marked paid when a check is
issues in order to
a. avoid duplicate payment
b. file the invoice alphabetically
c. make the necessary entry in cash disbursement journal
d. indicate the purchase is a fixed asset - Answers - a.
at warren sports supply a completed credit sales transaction should be supported by
a. a customer order, bill of lading, sales invoice
b. a customer order, receiving report, sales invoice
c. customer order, bill of lading, voucher, sales invoice
d. customer order, bill of lading, receiving report, sales invoice - Answers - a.
which of the following control procedures would most likely assure that goods shipped
are billed?
a. reviewing sales journal for sequential and unusual entries
b. examining shipping documents for matching copies of sales invoices
c. comparing the accounts receivable ledger to daily sales summaries
d. inspecting unused sales invoices for consecutive prenumbering - Answers - b.
Why are employees required to sign their time cards each week upon receipt of their
check?
A.to acknowledge the number of hours they worked that week
B.to acknowledge that they received their check
C.to acknowledge that the payroll journal posting is correct
D.a and b only - Answers - d.
What document does a customer receive when goods are returned?
A.purchase order
, B.credit memo
C.debit memo
D.receiving report - Answers - b.
Which of the following statements is false?
A. As accounting systems become more automated, the likelihood of human input
errors will likely decrease.
B. As accounting systems become more interconnected, transaction cycle times will
likely decrease.
C. As accounting systems become more automated, management's assertions relating
to the transaction cycle will likely change to reflect the advancements in automation.
D. As accounting systems become more interconnected, the flowcharts relating to the
transaction cycle will likely change to reflect the advancements in automation. -
Answers - c.
In an accounting system, the separation of duties is an important aspect of the control
environment. At Waren Sports Supply, the three employees are separated according to
which three responsibilities?
A. accounting/operations (Ford), authorization (Kramer), and custody (Adams)
B. accounting (Adams), custody (Kramer), and operations/authorization (Ford)
C. accounting (Adams), custody/authorization (Kramer), and operations (Ford)
D. accounting/authorization (Kramer), custody (Adams), and operations (Ford) -
Answers - c.
A document prepared in the sales department of most firms for recording the
description, quantity and related information for goods purchased by their customers is
called a:
Selected Answer:
A. purchase order
B. sales invoice
C. purchase requisition
D. customer order
E. sales order - Answers - e.
As the manager of a company, you are concerned that not all customer orders are
being shipped. To test whether all orders for the year have been shipped, you would:
A.review all customer orders and make sure that each has a related bill of lading.
B.review all customer orders and make sure that each has a related sales invoice.
C.review all bills of lading and make sure that each has a related sales invoice.
D.review all sales invoices to make sure that they have been posted in the related
journal. - Answers - a.
