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web.groovymark@gmail.com
- December 12, 2024
Question 41
Which internal control helps prevent unauthorized access to accounting data?
A) Independent verification
B) Physical controls
C) Segregation of duties
D) Access control
Answer: D) Access control
Explanation: Access controls ensure that only authorized personnel can access sensitive accounting data, reducing the risk of fraud or data breaches.
Question 42
What is the purpose of detective controls?
A) To prevent errors from occurring
B) To fix errors after they have been detected
C) To identify errors that elude preventive controls
D) To limit access to financial systems
Answer: C) To identify errors that elude preventive controls
Explanation: Detective controls are designed to identify and expose errors or irregularities that preventive controls might have missed.
Question 43
What file structure allows for random access to data?
A) Sequential file
B) Archive file
C) Random file
D) Inverted file
Answer: C) Random file
Explanation: Random files allow data to be accessed in any order, providing flexibility for retrieval based on specific needs or queries.
Question 44
What is the main purpose of an independent verification control?
A) To assign tasks to multiple employees
B) To ensure that transactions are properly authorized
C) To detect errors after they occur
D) To ensure that recorded transactions match physical records
Answer: D) To ensure that recorded transactions match physical records
Explanation: Independent verification involves reconciling recorded transactions with actual records, helping to ensure data accuracy and prevent fraud.
Question 45
Which of the following describes the internal view of a database?
A) The view that the end user sees
B) The physical arrangement of records in the database
C) The conceptual organization of data
D) The security rules applied to access control
Answer: B) The physical arrangement of records in the database
Explanation: The internal view describes how the records are physically stored and arranged in the database system.
Question 46
What system maintains detailed records of sales, purchases, and other business transactions?
A) Financial reporting system
B) General ledger system
C) Transaction processing system
D) Payroll system
Answer: C) Transaction processing system
Explanation: The transaction processing system maintains detailed records of business transactions such as sales, purchases, and payroll.
Question 47
What is the primary purpose of the audit trail in digital accounting systems?
A) To reconcile customer payments
B) To trace the path of a transaction through the system
C) To summarize financial data for reporting
D) To ensure compliance with tax regulations
Answer: B) To trace the path of a transaction through the system
Explanation: The audit trail provides a record of the steps a transaction takes, allowing for thorough tracking and verification in case of discrepancies.
Question 48
Which type of control ensures that no module of an operating system can destroy or corrupt another module?
A) Independent verification control
B) Access control
C) Segregation of duties
D) Operating system integrity control
Answer: D) Operating system integrity control
Explanation: Operating system integrity controls ensure that modules within the system cannot interfere with each other, maintaining system stability.
Question 49
Which file type is used to store permanent data such as customer account balances?
A) Transaction file
B) Master file
C) Reference file
D) Archive file
Answer: B) Master file
Explanation: Master files store permanent data, such as customer account balances, which are updated periodically by transactions.
Question 50
Which document reconciles purchase orders, receiving reports, and supplier invoices in the accounts payable process?
A) General ledger
B) Purchase requisition
C) Three-way match
D) Payroll register
Answer: C) Three-way match
Explanation: The three-way match reconciles the purchase order, receiving report, and supplier invoice to ensure that the organization has a legitimate obligation to pay for goods or services received.
