LEE, VENICE

BSA
ACCTSYS

APPENDIX B2
UNIT 2: TRANSACTION PROCESSING SYSTEM

I.

1) The record that captures the key data of a transaction is called:

D . Source document

2) The purpose of the economic of the Transaction processing system includes all of the following except

D . measuring and reporting the status of the financial resources and the changes I those
resources.

3) Which of the following steps in the accounting cycle is most likely to involve human judgment?

B . Preparing an adjusted trial balance

4) Which of the following steps in the accounting cycle occurs first?

B . prepare financial statement

5) The order of the entries made in the ledger is by

C . account number

6) When creating or reading a system flowchart, the triangle symbol represents a:

A . File

7) In contrast to a real time system, in a batch processing system

A . there is a lag between the time when the economic event occurs and the financial records are
updated

8) Which of the flowcharting symbols is used to show a point in the process when a decision must be
made?

B . diamond

9) A chart of accounts would best be coded using a (n)_________ coding scheme.

A . alphabetic

10) Which of the following is not a transaction cycle?

B . human resources/payroll
II.

False 1) Documentation allows the accountant to analyze and understand the procedures and processes of a
business process and the systems that capture and record accounting data

True 2) Processing more transactions at a lower unit cost makes batch processing more efficient than real
time systems.

False 3) The process of acquiring raw materials is part of production cycle

False 4) The general journal is used to record recurring transactions that are similar in nature.

III.

Batch a) Soap Manufacturing

Online Real-time b) Make airline reservation
Online Real-time c) Register for a university/college course
Online Real-time d) Beverage processing
Batch e) Prepare bi-monthly payroll
Online Real-time f) Process an order through n e-commerce Web site
Batch g) Prepare a bank deposit
Batch h) Prepare customer bills for a utility
Batch i) Automated Teller Machine
Batch j) Point of Sale (POS) System

IV.

#5 1) Which symbol would be used in a flowchart to represent a computer process?

#10 2) Which symbol would be used in a flowchart to represent a decision?
#1 3) Which symbol would be used in a flowchart to represent an invoice sent too a customer?
#2 4) Which symbol would be used in a flowchart to represent a general ledger?
#9 5) Which symbol would be used in a flowchart to represent a file of paper documents?
#14 6) Which symbol would be used in a flowchart to represent a connection to another part of the
flowchart on the same page?
#15 7) Which symbol would be used in a flowchart to represent a connection to another part of the
flowchart on a different page?
#7 8) Which symbol would be used in a flowchart to represent a general ledger master file kept on
magnetic disk?
#16 9) Which symbol would be used in a flowchart to represent a beginning, an ending, or a connection
to another procedure?
#12 10) Which symbol would be used in a flowchart to represent a flow of data or document?
D. Flowchart

START

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