AIS Exam 2025 With 100% Correct
Answers
Which function or department records a sale in the sales journal?
A. Warehouse
B. Sales Department
C. Billing Department
D. Inventory Control - CORRECT ANSWER✔✔C. Billing Department
Which functions should be segregated?
A. Picking goods from the warehouse shelves and updating the inventory subsidiary ledger
B. Authorizing credit and determining reorder quantities
C. Billing customers and posting the bills to the sales journal
D. Providing information on inventory levels and reconciling the bank statement - CORRECT
ANSWER✔✔A. Picking goods from the warehouse shelves and updating the inventory
subsidiary ledger
Which of the following are incompatible tasks?
A. The AR clerk authorizes the write-off of bad debts.
B. The record-keeping clerk maintains both AR and AP subsidiary ledgers.
C. The inventory control clerk authorizes inventory purchases.
D> The AR clerk prepares customer statements every month. - CORRECT ANSWER✔✔A. The AR
clerk authorizes the write-off of bad debts.
,Which control helps to ensure that the inventory items shipped to the customer are the correct
type and the correct amount?
A. Reconciliation BOL and shipping notice
B. Issuance of a blind copy of purchase order
C. Reconcile stock release document and packing slip
D. The way match - CORRECT ANSWER✔✔C. Reconcile stock release document and packing slip
The bill of lading is prepared by the
A. sales clerk.
B. shipping clerk.
C. warehouse clerk.
D. billing clerk. - CORRECT ANSWER✔✔B. shipping clerk.
Which of the following is NOT an independent verification control?
A. The shipping department verifies that the goods sent from the warehouse are correct in type
and quantity.
B. General ledger clerks reconcile journal vouchers that were independently prepared in various
departments.
C. The billing department reconciles the shipping notice with the sales invoice to ensure that
customers are billed for only the quantities shipped.
D. Cash receipts reconcile checks from customers and remittance advices to ensure that
payments are correct in amount.
, E. All of the above are independent verification controls. - CORRECT ANSWER✔✔D. Cash
receipts reconcile checks from customers and remittance advices to ensure that payments are
correct in amount.
Which document defines terms for shipped goods ownership?
A. Packing slip
B. Shipping notice
C. Bill of lading
D. Customer invoice - CORRECT ANSWER✔✔C. Bill of lading
Which of the following sets of tasks should not be separated?
A. Processing customer sales orders and approving credit
B. Receiving cash and updating the accounts receivable subsidiary ledger
C. Storing inventory in the warehouse and updating the inventory subsidiary ledger
D. Processing customer sales orders and posting to the sales journal
E. All of the above tasks should be separated - CORRECT ANSWER✔✔E. All of the above tasks
should be separated
Which of the following is often called a compensating control?
A. Supervision
B. Access control
C. Segregation of duties
D. Accounting records - CORRECT ANSWER✔✔A. Supervision
Answers
Which function or department records a sale in the sales journal?
A. Warehouse
B. Sales Department
C. Billing Department
D. Inventory Control - CORRECT ANSWER✔✔C. Billing Department
Which functions should be segregated?
A. Picking goods from the warehouse shelves and updating the inventory subsidiary ledger
B. Authorizing credit and determining reorder quantities
C. Billing customers and posting the bills to the sales journal
D. Providing information on inventory levels and reconciling the bank statement - CORRECT
ANSWER✔✔A. Picking goods from the warehouse shelves and updating the inventory
subsidiary ledger
Which of the following are incompatible tasks?
A. The AR clerk authorizes the write-off of bad debts.
B. The record-keeping clerk maintains both AR and AP subsidiary ledgers.
C. The inventory control clerk authorizes inventory purchases.
D> The AR clerk prepares customer statements every month. - CORRECT ANSWER✔✔A. The AR
clerk authorizes the write-off of bad debts.
,Which control helps to ensure that the inventory items shipped to the customer are the correct
type and the correct amount?
A. Reconciliation BOL and shipping notice
B. Issuance of a blind copy of purchase order
C. Reconcile stock release document and packing slip
D. The way match - CORRECT ANSWER✔✔C. Reconcile stock release document and packing slip
The bill of lading is prepared by the
A. sales clerk.
B. shipping clerk.
C. warehouse clerk.
D. billing clerk. - CORRECT ANSWER✔✔B. shipping clerk.
Which of the following is NOT an independent verification control?
A. The shipping department verifies that the goods sent from the warehouse are correct in type
and quantity.
B. General ledger clerks reconcile journal vouchers that were independently prepared in various
departments.
C. The billing department reconciles the shipping notice with the sales invoice to ensure that
customers are billed for only the quantities shipped.
D. Cash receipts reconcile checks from customers and remittance advices to ensure that
payments are correct in amount.
, E. All of the above are independent verification controls. - CORRECT ANSWER✔✔D. Cash
receipts reconcile checks from customers and remittance advices to ensure that payments are
correct in amount.
Which document defines terms for shipped goods ownership?
A. Packing slip
B. Shipping notice
C. Bill of lading
D. Customer invoice - CORRECT ANSWER✔✔C. Bill of lading
Which of the following sets of tasks should not be separated?
A. Processing customer sales orders and approving credit
B. Receiving cash and updating the accounts receivable subsidiary ledger
C. Storing inventory in the warehouse and updating the inventory subsidiary ledger
D. Processing customer sales orders and posting to the sales journal
E. All of the above tasks should be separated - CORRECT ANSWER✔✔E. All of the above tasks
should be separated
Which of the following is often called a compensating control?
A. Supervision
B. Access control
C. Segregation of duties
D. Accounting records - CORRECT ANSWER✔✔A. Supervision
