- Question 4 (1 point) Interest per compounding period of a compound interest investment is found by dividing the annual interest rate by the number of compounding periods per year. True False
- 3 . Whom . are professionals of accounting 4. Differentiate GAAP and IFRS 5. Types of Adjusting Entries
- and stored data Part IV. Short Answer: Give short answer for the following questions on the answer sheet. (4points) 1. Write down the accounting cycle schematically. 2. What are the advantages and disadvantages of with E-cash? 3.What are the factors in the control environmental components of the internal controlling process? 4.Write down internal controlling activities? 5. What are the major features of the cash disbursement application system?
- Acceaning Information System Part L True or False: Write "True if the statement is correct and "False" if the statement is wrong for the following questions on the answer sheet. (1.5 polat each) 1. The revenue cycle consists of the actin littles involved in selling goods or services and collecting payment for the sales. 2. In phases of developing an accounting system that follow up makes evaluating and monitoring. effectiveness and efficiency, and correcting any weaknesses 3. Electronic commerce is doing business on line or selling and buying products. 4. A copy of the remintance list and remittance a device is forward to account payable. 5. Currency disburnements w lith a large amount are drawn from petty cash fund. 6. Sales orders are reviewed by reasonableness and posted to the purchase journals. 7. Encryption is the science of changing data so that it is unrecognizable and useless to am unauthorized person 8. In highly integrated AIS procedures that use to perform by separate individuals are combined. 9. Backup files may be transported to the remote site physically or electrically using electronic vaulting 10. The goal of coline data entry is to ensure the accuracy and integrity of transactions. Part II. Multiple Choices:Choose the correct answer from the given alternatives and write the letter of your choice on the answer sheet. (2 points each) 1. Which of the following information system functions focus on the identification of problems and projects for computer processing? A. Programming C. User report B. Operations D. System analysis 2. __ is direct computer to computer exchange of business documents via a communications network. A. Telecommuting C. Electronic data interchange B. Electronic fund transfer D. E-mail 3. Which one of the following is not phases of developing an accounting system C. Implementation A. Analysis B. Design D. None 4. Which one of th following is not expenditure cycle A. Preparation and recording of purchase orders B. Receipt of goods and the recording of the cost of inventory C. Preparation of employee pay checks and the recording of payroll activities D. None 5. In payroll application system ,which of the following should be responsible for payroll register? A. Payroll department C. Cash payment department B. Personnel department D. Time keeping department 6. Which document of the accompanies merchandise shipped to a customer? A. Packing slip C. Credit memo B. Picking list D. Sales order 7. Which one of the following is objectives of a finance cycle. A. Maintenance of proper fund balance B. Records maintenance D.A&B C. Internal controls E. All
- Hide correct resp responses Question:pcl-3-1 William works for Allied Transport in Alberta and is paid 3,569.33 semi-monthly. He celebrated his 70^th birthday in June 2024. Calculate William's annual maximum first Canada Pension Plan contribution for 2024. 1 Correct answers:
