65.Information storage databases:
A. Eliminate the need for professional judgment.
B. Are relied on by auditors of the financial statements.
C. Should not be cloud based.
D. Capture information from source documents.
E. Need not be accessible once data is processed.
66.Which of the following is not an output device?
A. Printers.
B. Monitors.
C. Projectors.
D. Web communications.
E. Bar code readers.
67.Information processors are systems that:
A. Keep data in an accessible form.
B. Interpret, transform, and summarize information for use in analysis and reporting.
C. Eliminate the need for professional judgment due to their accuracy.
D. Are the means to make information available to users.
E. Capture information from source documents.
68.Which of the following is not a special journal:
A. Sales journal.
B. Purchases journal.
C. Cash receipts journal.
D. Cash disbursements journal.
E. General journal.
69.The sales journal is used for recording:
A. Credit purchases.
B. Credit sales.
C. Cash sales.
D. Cash purchases.
E. Cash receipts.
70.The purchases journal is used for recording:
A. Credit purchases.
B. Credit sales.
C. Cash sales.
D. Cash purchases.
E. Cash disbursements.
71.A journal that is used to record and post transactions of a similar type is a(n):
A. Perpetual journal.
B. Columnar journal.
C. Special journal.
D. General journal.
E. All-purpose journal.
72.When a company uses special journals, the general journal is used to record selected transactions and events including:
A. Closing entries.
B. Sales on credit.
C. Cash payments.
D. Credit purchases.
E. Credit sales.
73.Which of the following is not a feature of special journals?
A. They are efficient tools in helping journalize and post transactions.
B. They allow posting of amounts as column totals rather than as individual amounts.
C. Good system design could collapse sales and cash receipts into one journal to better suit a business.
D. They eliminate the need for a general journal.
E. They produce an efficient division of labor.
74.A record that contains detailed information on specific accounts with a common characteristic and is support for a controlling account is a(n):
A. Subsidiary ledger.
B. General ledger.
C. Special ledger.
D. All-purpose ledger.
E. Column balance ledger.