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31) Which of the following is an example of a storage device in an accounting information system?

A) monitor

B) network

C) printer

D) server

32) Which of the following is an input device in an accounting information system?

A) keyboard

B) internet protocol

C) printer

D) router

33) Which of the following is an output device in an accounting information system?

A) keyboard

B) internet protocol

C) printer

D) mouse

34) Which of the following is true of outputs in an accounting information system?

A) In a manual system, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint.

B) In a computerized system, the software can generate reports instantaneously that can never be manipulated.

C) Examples of outputs in an accounting information system include purchase invoices, bank checks, and sales invoices.

D) Since the output in an accounting information system are audited and error-free, it provides the evidence and data for accounting transactions.

35) Which of the following is true of the comparison between a manual and a computerized accounting information system?

A) In both manual and computerized systems, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint.

B) In a computerized system, the software can generate financial reports instantaneously that can never be manipulated.

C) In a manual system, data are contained in paper documents that are often stored in filing cabinets and off-site document warehouses; whereas in a computerized system, data are stored on a main computer called a server.

D) In both manual and computerized systems, processing data includes manually journalizing transactions and posting to the accounts.

Learning Objective APP. C-2

1) A general ledger is an accounting journal designed to record one specific type of transaction.

2) Sales on account are recorded in a cash receipts journal.

3) A subsidiary ledger is a record of accounts that provides supporting details on individual balances, the total of which appears in a general ledger account.

4) The accounts payable subsidiary ledger lists each vendor along with amounts paid to the vendors and the remaining amounts owed to them.

5) The Accounts Receivable balance in the general ledger may or may not equal the sum of the accounts in the accounts receivable subsidiary ledger.

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