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Accounting Information Systems 14th Edition Romney Test Bank
Accounting Information Systems 14th Edition Romney Test Bank
https://testbankfan.com/download/accounting-information-systems-14th-edition-romn
ey-test-bank/
1 Describe the data processing cycle used to process transactions, including how data is input,
stored, and processed and how information is output.
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Copyright © 2018 Pearson Education, Inc.
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Copyright © 2018 Pearson Education, Inc.
7) Many small businesses choose to outsource their payroll activities to firms that specialize in
providing payroll services. Dolores Yu operates a payroll processing business in Calabasas,
California. When she sends bills out to her clients, her work is part of her firm's
A) revenue cycle.
B) expenditure cycle.
C) financing cycle.
D) production cycle.
Answer: A
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Reflective Thinking
8) A delivery of inventory from a vendor, with whom a credit line is already established, would
be initially recorded in which type of accounting record and as part of what transaction cycle?
A) purchases journal; expenditure cycle
B) general journal; expenditure cycle
C) general ledger; expenditure cycle
D) cash disbursements journal; production cycle
Answer: A
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Challenging
AACSB: Reflective Thinking
9) Making payments to a vendor, with whom a credit line is already established, would be
initially recorded in which type of accounting record and as part of what transaction cycle?
A) purchases journal; expenditure cycle
B) general journal; expenditure cycle
C) general ledger; expenditure cycle
D) cash disbursements journal; expenditure cycle
Answer: D
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Challenging
AACSB: Reflective Thinking
10) Describe the basic cycles and business activities for a typical merchandising company.
Answer: Revenue cycle — deliver inventory to customers and collect cash. Expenditure cycle
— receive goods and services from vendors and pay cash. Human resources cycle — track hours
worked by employees and record withholding data.
Concept: Transaction processing
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
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Copyright © 2018 Pearson Education, Inc.
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struggling with the green-painted dolphin, the water spurting from its
open mouth. There is water, of course, but it is down a deep well
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mellow with mould; and there are low trellises of grapes, and a
tangle of climbing roses half concealing a weather-stained Cupid
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steps, and at the farther end an old rusty gate through which Giorgio
brought the luncheon.
It is all so new to you, and so cool and restful! For the first time you
begin to realize that you are breathing the air of a City of Silence. No
hum of busy loom, no tramp of horse or rumble of wheel, no jar or
shock; only the voices that come over the water, and the plash of the
ripples as you pass. But the day is waning; into the sunlight once
more.
Giorgio is fast asleep; his arm across his face, his great broad chest
bared to the sky.
“Si, Signore!”
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oar as he springs.
You glide in and out again, under marble bridges thronged with
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and so on to the broad water of the Public Garden.
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up the canal, with the glory of the setting sun in your face. Suddenly,
as you turn, the sun is shut out: it is the great warship Stromboli,
lying at anchor off the garden wall; huge, solid as a fort, fine-lined as
a yacht, with exquisite detail of rail, mast, yard-arms, and gun
mountings, the light flashing from her polished brasses.
In a moment you are under her stern, and beyond, skirting the old
shipyard with the curious arch,—the one Whistler etched,—sheering
to avoid the little steamers puffing with modern pride, their noses
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torpedo-boats lie tethered in a row, like swift horses eager for a
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