Chapter 16 AIS Quiz

The best control for preventing managers for creating fraudulent journal entries is a. have an independent review of all special journal entries in the general ledger b. most managers should be given read-only access to data c. journal entries should be approved by a supervisor d. managers should have read-only access to specific portions of the system

Managers should have read-only access to specific portions of the system

Marina is an accountant at Jasmine Hair Products. Marina received the following error message while making an adjusting entry to the general ledger: "this journal entry will cause the cash account to have a credit balance. Do you want to continue?" This is an example of a a. validity check b. zero-balance check c. sign check d. closed loop verification

Sign check

Marina is an accountant at Jasmine Hair Products. While making an adjusting entry to the general ledger, Marina entered the general ledger account number, and then reviewed the name of the general ledger account displayed on the screen. This is an example of a a. validity check b. closed-loop verification c. account check d. completeness test

Closed-loop verification

Which of the following is not a preventive control? a. completeness test b. closed-loop verification c. validity check d. field check

Closed-loop verification

Marina is an accountant at Jasmine Hair Products. Marina received the following error message while making an adjusting entry to the general ledger: " tHe data you have entered does not include a source reference code. Please enter this data before saving." This is an example of a a. validity check b. completeness check c. field check d. closed-loop verification

Completeness Test

The trial balance provides all of the following controls except: a. confirming that clearing and suspense accounts have zero balances at the end of the accounting period b. examining transactions that occur near the end of the accounting period c. reconciling general ledger control accounts to subsidiary ledgers d. ensuring that journal entries are approved by a manger before being posted

Ensuring that journal entries are approved by a manager before being posted

Marina is an accountant at Jasmine Hair Products. Marina received the following error message while making an adjusting entry to the general ledger: "The journal entry amount must be a numeric value. Please reenter." This is an example of a a. zero-balance check b. completeness test c. validity check d. field check

Field Check

What is a report listing the balances of accounts from the Chart of Accounts? a. chart of accounts analysis b. balnace sheet c. trial balance d. general ledger

Trial Balance

Marina is an accountant at Jasmine Hair Products. Marina received the following error message while making an adjusting entry to the general ledger: "The account number referenced in your journal entry does not exist." This is an example of a a. completeness test b. closed-loop verification c. validity check d. zero-balance check

Validity check

Marina is an accountant at Jasmine Hair Products. Marina received the following error message while making an adjusting entry to the general ledger: "Total debits do not equal total credits." This is an example of a a. closed-loop verification b. completeness test c. zero-balanced check d. sign check

Zero-balance check