AIS – Exam 2025 With 100% Correct
Answers
(T/F) A system is a collection of related resources designed to help a company achieve specified
objectives. - CORRECT ANSWER✔✔True
Information that reduces uncertainty, improves decision makers' ability to make predictions, or
confirms or corrects their prior expectations, is said to be - CORRECT ANSWER✔✔Relevant
Accounting information systems are designed to: - CORRECT ANSWER✔✔Report information to
decision makers
Groups of related business activities such as the acquisition of merchandise and payment of
vendors are called - CORRECT ANSWER✔✔Transaction cycles
A sequentially-numbered document contains the following: "Purchase twenty reams of paper
from XYZ Corporation at a cost of $15/ream." The document could be: - CORRECT
ANSWER✔✔A purchase order
A general journal would be used to... - CORRECT ANSWER✔✔record monthly depreciation
entries
Two documents usually accompany goods shipped to a customer. What are the two
documents? - CORRECT ANSWER✔✔A packing slip and bill of lading
(T/F) After a sales order has been placed, the next step in the customer order business
management process is to ship the goods or perform the requested services. - CORRECT
ANSWER✔✔False
, (T/F) If accounts payable receives an invoice directly from the supplier it needs to be reconciled
with the purchase order and receiving report. - CORRECT ANSWER✔✔True
Below are some of the basic activities in a paper-based accounting system:
i. Post (copy) data from journals to the appropriate accounts in the general ledger
ii. Record transactions in the appropriate journals
iii. Post (copy) data from journals to the appropriate accounts in the subsidiary ledgers
iv. Complete source documents
In what order do these activities occur? - CORRECT ANSWER✔✔iv, ii, iii, I
Complete source documents, Record transactions in the appropriate journals, Post (copy) data
from journals to the appropriate accounts in the subsidiary ledgers, Post (copy) data from
journals to the appropriate accounts in the general ledger
(T/F) Sales orders should be prenumbered documents. - CORRECT ANSWER✔✔True
In a flowchart, a diamond denotes a(n): - CORRECT ANSWER✔✔Decision
The billing department is not responsible for - CORRECT ANSWER✔✔updating the inventory
subsidiary records
Which of the following would be the least effective control to minimize the loss of inventory? -
CORRECT ANSWER✔✔Periodically back up all perpetual inventory records.
The first major business activity in the expenditure cycle is - CORRECT ANSWER✔✔ordering
inventory, supplies, or services
Answers
(T/F) A system is a collection of related resources designed to help a company achieve specified
objectives. - CORRECT ANSWER✔✔True
Information that reduces uncertainty, improves decision makers' ability to make predictions, or
confirms or corrects their prior expectations, is said to be - CORRECT ANSWER✔✔Relevant
Accounting information systems are designed to: - CORRECT ANSWER✔✔Report information to
decision makers
Groups of related business activities such as the acquisition of merchandise and payment of
vendors are called - CORRECT ANSWER✔✔Transaction cycles
A sequentially-numbered document contains the following: "Purchase twenty reams of paper
from XYZ Corporation at a cost of $15/ream." The document could be: - CORRECT
ANSWER✔✔A purchase order
A general journal would be used to... - CORRECT ANSWER✔✔record monthly depreciation
entries
Two documents usually accompany goods shipped to a customer. What are the two
documents? - CORRECT ANSWER✔✔A packing slip and bill of lading
(T/F) After a sales order has been placed, the next step in the customer order business
management process is to ship the goods or perform the requested services. - CORRECT
ANSWER✔✔False
, (T/F) If accounts payable receives an invoice directly from the supplier it needs to be reconciled
with the purchase order and receiving report. - CORRECT ANSWER✔✔True
Below are some of the basic activities in a paper-based accounting system:
i. Post (copy) data from journals to the appropriate accounts in the general ledger
ii. Record transactions in the appropriate journals
iii. Post (copy) data from journals to the appropriate accounts in the subsidiary ledgers
iv. Complete source documents
In what order do these activities occur? - CORRECT ANSWER✔✔iv, ii, iii, I
Complete source documents, Record transactions in the appropriate journals, Post (copy) data
from journals to the appropriate accounts in the subsidiary ledgers, Post (copy) data from
journals to the appropriate accounts in the general ledger
(T/F) Sales orders should be prenumbered documents. - CORRECT ANSWER✔✔True
In a flowchart, a diamond denotes a(n): - CORRECT ANSWER✔✔Decision
The billing department is not responsible for - CORRECT ANSWER✔✔updating the inventory
subsidiary records
Which of the following would be the least effective control to minimize the loss of inventory? -
CORRECT ANSWER✔✔Periodically back up all perpetual inventory records.
The first major business activity in the expenditure cycle is - CORRECT ANSWER✔✔ordering
inventory, supplies, or services
