8/23/22, 9:11 PM Ch. 2 Flashcards | Quizlet Ch. 2 Terms in this set (10) Which of the following is NOT a a. data collection (Data collection is a part of data step in the data processing input and is therefore not a step in the data cycle? processing cycle.) a. data collection Log in Sign up b. data input c. data storage d. data processing All of the information (name, b. record (A record should include all information GPA, major, etc.) about a maintained by the system about a particular entity, particular student is stored in such as a student.) the same ______. a. file b. record c. attribute d. field Which of the following would b. general ledger (The general ledger maintains contain the total value of all summary information on inventory and every other inventory owned by an general ledger account.) organization? a. source document b. general ledger c. cash budget https://quizlet.com/14940051/ch-2-flash-cards/ 1/4 8/23/22, 9:11 PM Ch. 2 Flashcards | Quizlet Which of the following is most a. accounts receivable (Accounts receivable is likely to be a general ledger typically made up of many individual customer control account? accounts maintained in a subsidiary ledger. The total a. accounts receivable of all individual customer accounts in the subsidiary b. petty cash ledger is maintained in the accounts receivable c. prepaid rent control account in the general ledger.) d. retained earnings Which of the following c. receiving report (A receiving report is an documents is most likely to be expenditure cycle document that is used to record used in the expenditure cycle? the receipt of goods from suppliers. Companies pay a. sales orders their suppliers based on the goods received and b. credit memo recorded on the receiving report.) c. receiving report d. job time ticket Which of the following is LEAST c. prepaid insurance journal (A specialized journal is likely to be a specialized used to record large numbers of repetitive journal? transactions, and most companies have very few a. sales journal prepaid insurance transactions.) b. cash receipts journal c. prepaid insurance journal d. cash disbursements journal How does the chart of d. the order in which they appear in financial accounts list general ledger statements accounts? a. alphabetical order b. chronological order c. size order d. the order in which they appear in financial statements https://quizlet.com/14940051/ch-2-flash-cards/ 2/4 8/23/22, 9:11 PM Ch. 2 Flashcards | Quizlet Which of the following is NOT d. simplicity and reduced costs (ERP systems are an advantage of an ERP quite complex and costly; they do not offer the system? advantages of simplicity and reduced costs.) a. better access control b. standardization of procedures and reports c. improved monitoring capabilities d. simplicity and reduced costs Records of company data sent a. turnaround documents (For example, a utility bill to an external party and then is sent to a customer, who then returns the bill with returned to the system as input payment.) are called ______. a. turnaround documents b. source data automation documents c. source documents d. external input documents Recording and processing b. online, real-time processing (Online, real-time information about a transaction processing involves processing transactions as they at the time it takes place is occur.) referred to as which of the following? a. batch processing b. online, real-time processing c. captured transaction processing d. chart of accounts processing By signing up, you accept Quizlet's Terms of Service and Privacy Policy Sign up and see the https://quizlet.com/14940051/ch-2-flash-cards/ Continue with Google 3/4