A) Most of the company doesn’t need to use all readily available purchase duration segments
44) Of a lot progressive accounting software programs offer separate transaction course modules. What’s the factor in this? B) Most companies do not need the new cash period module as part of their AIS. C) The nature out-of confirmed exchange cycle is similar irrespective of sorts of providers. D) A properly tailored AIS cannot utilize the notion of independent company transaction cycles to help you procedure transactions. Answer:Page Ref: 9Objective: Reading Objective 5Difficulty : ModerateAACSB: Analytic
C) provide cash, score labor
45) The firm people get investment out-of external dealers, which results in an inflow of cash for the providers. It purchase is recognized as being element of hence cycle? A) the newest revenue cycleB) the newest payroll course C) the production years D) the credit duration Address:Web page Ref: 7-8Objective: Discovering Purpose 4Difficulty : EasyAACSB: Analytic46) Hence of one’s pursuing the is not a transaction course? A) revenue B) costs C) hr D) standard ledger and you will revealing Respond to:Page Ref: 7-9Objective: Studying Objective 4Difficulty : ModerateAACSB: Analytic
47) Which of the pursuing the comments is incorrect?A) Stores don’t have a production course.B) Financial institutions has actually installment-loan time periods.C) A service providers does not have an email list system.D) Most of the team will be implement all of the purchase cycle component.Answer:Web page Ref: 9Objective: Discovering Objective 4Difficulty : EasyAACSB: Analytical
48) Exchange cycles are going to be summarized on a high rate just like the “give-get” deals. An example of “give-get” regarding the expense period was Good) render dollars, score cash. B) offer cash, rating goods. D) give merchandise, get bucks. Answer:Webpage Ref: 7Objective: Understanding Purpose 4Difficulty : EasyAACSB: Analytic