Question : 95. A list of all the accounts in the accounts receivable : 1257553

95. A list of all the accounts in the accounts receivable ledger with their balances and the total is a: 
A. Schedule of accounts.
B. Controlling account.
C. Schedule of accounts receivable.
D. Subsidiary ledger.
E. Special journal.

96. The Accounts Payable account in the general ledger is: 
A. A controlling account for the subsidiary accounts payable ledger.
B. The account that controls the purchases journal.
C. The subsidiary account to the purchases journal.
D. Part of a special journal.
E. Part of a subsidiary ledger.

97. After posting is completed, there may be an error if: 
A. The sum of the supplier account balances does not equal the total in the purchases journal.
B. The sum of the accounts receivable ledger does not equal the balance in the Sales account.
C. The sum of the supplier account balances does not equal the general ledger Accounts Payable controlling account balance.
D. The balance in the sales journal does not equal the Accounts Receivable account balance.
E. The sum of the accounts receivable ledger does not equal the balance in the sales journal.

98. Assume that a company using a purchases journal made an error in totaling the journal’s accounts payable column. The error should be discovered: 
A. When the purchases journal is posted to the general ledger.
B. When the sum of the vendor accounts does not equal the balance in the Purchases journal.
C. When the total of the schedule of accounts payable is compared with the balance of the Accounts Payable account.
D. When the creditors receive their payments.
E. When the financial statements are prepared.

99. The main difference in the sales journal under the perpetual and periodic inventory system is: 
A. The perpetual system has a column to record cost of goods sold but not the periodic system does not.
B. The sales tax receivable column that is used under the perpetual system but not the periodic.
C. The sales tax payable column that is used under the perpetual system but not the periodic.
D. The accounts receivable column that is used under the perpetual system but not the periodic.
E. The column for recording cash that is used under the perpetual system but not the periodic.

100. The accounting principle that prescribes an accounting information system conform with a company’s activities, personnel, and structure is the: 
A. Control principle.
B. Compatibility principle.
C. Relevance principle.
D. Flexibility principle.
E. Cost-Benefit principle.

101. All of the following statements regarding source documents are true except: 
A. Source documents provide the basic information processed by an accounting system.
B. Source documents include invoices, cash register files, and employee earnings records.
C. Source documents should not be sent directly from a company’s system to its customers or suppliers.
D. Source documents can be paper or electronic files.
E. Source documents can include Web communications.

102. Which of the following statements regarding input devices are not true? 
A. Input devices capture information from source documents and enable its transfer to the system’s information processing component.
B. Input devices convert data on source documents from written form to a form usable for the system.
C. Input devices include keyboards, scanners, and modems.
D. Input devices include journal entries.
E. Input devices make accounting system information available to users.

103. A company would use which of the following journals to record cash payments?
A. General journal
B. Cash receipts journal.
C. Cash disbursements journal.
D. Purchases journal.
E. Sales journal.

104. Which of the following journals would a company use to record a merchandise return?
A. General journal
B. Cash receipts journal.
C. Cash disbursements journal.
D. Purchases journal.
E. Sales journal.