Question 32.The principle of an efficient accounting system that states that an accounting

32.The principle of an efficient accounting system that states that an accounting system should accommodate a variety of users is

a. cost effectiveness.

b. flexibility.

c. useful output.

d. implementation.

33. Which of the following is nota basic principle of designing and developing an effective accounting information system?

a. Approval by the SEC

b. Usefulness

c. Flexibility

d. Cost effectiveness

34. A company will usually replace a manual accounting information system with an electronic system as the operations increase in

a. efficiency.

b. complexity.

c. simplicity.

d. productivity.

35. In developing an accounting system, cost effectiveness does notimply that

a. the benefits obtained from the system outweigh the costs.

b. an electronic system must be cheaper than the system it is replacing.

c. the system should be cost effective.

d. the value of an accounting report should be at least equal to the cost of producing it.

36. To be useful, the information outputs of a system should be

a. relevant, reliable, timely, and accurate.

b. reliable, flexible, understandable and timeless.

c. such that one report meets all different users needs.

d. distributed only to management personnel.

37. The accounting environment does not change as a result of

a. technological advances.

b. government regulation.

c. the double entry system.

d. organizational growth.

38. The principles of developing an accounting information system do notinclude

a. usefulness.

b. flexibility.

c. cost effectiveness.

d. elimination of human involvement.

39. A student should recognize a need to study manual accounting systems because

a. the structure of electronic systems differs greatly from manual systems.

b. all small companies only use manual accounting systems.

c. the software and hardware of electronic systems vary greatly, which makes manual procedures more practical to study.

d. companies that use manual systems hire more accountants.

40. Which of the following is a true statement about manual and electronic accounting systems?

a. Few small companies begin with manual systems.

b. The design and structure of manual and electronic systems are essentially the same.

c. Many companies convert from electronic to manual systems.

d. The design and structure of manual and electronic systems are fundamentally different.

41. Postings to the control accounts in the general ledger are made

a. annually.

b. daily.

c. monthly.

d. weekly.

42. The balance of a control account in the general ledger

a. must always be zero.

b. must equal the amount of total assets.

c. is always greater than the composite balance of individual accounts in a related subsidiary ledger.

d. must equal the composite balance of individual accounts in a related subsidiary ledger.

43. A subsidiary ledger is

a. used in place of the general ledger if the general ledger is destroyed or stolen.

b. a group of accounts used by branches and subsidiaries of a corporate business.

c. a group of accounts with a common characteristic that provides detailed information about a control account in the general ledger.

d. used to post excess transactions if a general ledger account becomes full during an accounting period.

44. Postings are made daily to the

a. Accounts Receivable control account.

b. Accounts Payable control account.

c. Accounts Receivable subsidiary ledger.

d. control accounts in the general ledger.

45. A subsidiary ledger frees the general ledger from details of

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