Quiz 3 - Accounting Information System

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Purchase raw materials

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Pay off mortgage on a factory

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Hire a new assistant controller

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Establish a $10,000 credit limit for a new customer

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Pay for raw materials

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Disburse payroll checks to factory workers

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Record goods received from a vendor

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Update the allowance for doubtful accounts

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Decide how many units to make next month

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle

Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:

Complete a picking ticket for a customer order

• Revenue Cycle

• Expenditure Cycle

• Human Resource/ Payroll Cycle

• Production Cycle

• Financing Cycle