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Quiz 3 - Accounting Information System

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

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

Purchase raw materials

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

2.

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

Pay off mortgage on a factory

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

3.

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

Hire a new assistant controller

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

4.

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

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

5.

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

Pay for raw materials

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

6.

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

Disburse payroll checks to factory workers

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

7.

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

Record goods received from a vendor

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

8.

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

Update the allowance for doubtful accounts

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

9.

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

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

10.

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

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

11.

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

Record factory employee timecards

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

12.

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

Sell concert tickets

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

13.

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

Draw on line of credit

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

14.

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

Send new employees to a business ethics course

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

15.

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

Pay utility bills

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

16.

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

Pay property taxes on an office building

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

17.

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

Pay federal payroll taxes

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

18.

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

Send an order to a vendor

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

19.

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

Put purchased goods into the warehouse

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle

20.

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

Obtain a bank loan

a)

Revenue Cycle

b)

Expenditure Cycle

c)

Human Resource/ Payroll Cycle

d)

Production Cycle

e)

Financing Cycle