Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 4, Problem 1SP
Summary Introduction
Narrative summary:
Company F is a grocery shop where the purchases will be given to the sales clerk by the customer along with the cash. The sales clerk will put the cash into the drawer and enter the sales in the register. The cash and the sales will be handed over to the cashier at the end of the shift. He will review the sales register and cash.
To prepare: The table of entities and activities.
Introduction:
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Identify the DFD in the following narrative:
Hemant buys a new scooter at a local shop and pays with his debit card. The sales clerk enters the transaction in the cash register. At the time of closing, the sales clerk gives the register tape and the debit card PIN tape to his manager.
When a customer uses a credit card such as MasterCard or VISA to buy merchandise in a store, the store owner records the sale as a/an ______________________.
Group of answer choices
cash sale.
debit to sales and a credit to cash.
credit to accounts receivable.
a credit sale and debits the customer's accounts receivable account.
The following procedures are used by The Taco Shop.a. Customers pay cash for all food orders. Cash is placed in a cash register and a receipt is issuedupon request by the customer.b. At the end of each day, the cashier counts the cash, prepares a cash count sheet, and has themanager count the cash and review and sign the cash count sheet.c. At three times during the day, excess cash is removed from the cash registers and placed in avault until it is taken for night deposit at the local bank.d. Orders for drink cups, straws, condiments, and other supplies are written on prenumbered purchase order forms and are approved by the manager before being sent to an authorized supplier.e. When supplies are received, they are stacked just inside the back door to the kitchen, which isleft unlocked because part-time employees frequently arrive and leave at various times duringthe day.Required:1. Indicate whether each procedure represents a strength or weakness. Explain your reasons.2. For each…
Chapter 4 Solutions
Accounting Information Systems
Ch. 4 - Prob. 1RQCh. 4 - Prob. 2RQCh. 4 - Describe each symbol used in constructing DFDs.Ch. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - What is a logical DFD?Ch. 4 - Prob. 8RQCh. 4 - When is a set of DFDs balanced (i.e., leveled)?Ch. 4 - Prob. 10RQ
Ch. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - How will systems documentation differ between...Ch. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 1SPCh. 4 - Prob. 2SPCh. 4 - Narrative 1: Freshplace Grocery At Freshplace...Ch. 4 - Prob. 4SPCh. 4 - Narrative 1: Freshplace Grocery At Freshplace...Ch. 4 - Prob. 6SPCh. 4 - Prob. 1PCh. 4 - Prepare a narrative to describe the system...Ch. 4 - Prob. 3PCh. 4 - Narrative 1: Good Buy, Inc (good-buy.com) Good...Ch. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Narrative 1: Good Buy, Inc (good-buy.com) Good...Ch. 4 - Prob. 8P
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- Narrative 1: Freshplace Grocery At Freshplace Grocery, customers give their purchases to a sales clerk along with cash. The sales clerk enters the sale in a cash register and puts the money in the register drawer. At the end of the day, the sales clerk gives the cash and the register tape to the cashier. The cashier reconciles the cash and the tape to make sure all of the cash is present. Use the narrative(s) on pg. 136, as selected by your instructor, to prepare a physical DFD. If you completed any of the previous short problems, use that information to help you construct the diagram. a. Use Microsoft Visio, any other diagramming software, or another Microsoft office product such as Excel to create the diagram you drew in Short Problem 4-3.arrow_forwardNarrative 1: Freshplace Grocery At Freshplace Grocery, customers give their purchases to a sales clerk along with cash. The sales clerk enters the sale in a cash register and puts the money in the register drawer. At the end of the day, the sales clerk gives the cash and the register tape to the cashier. The cashier reconciles the cash and the tape to make sure all of the cash is present. Use the narrative(s) on pg. 136, as selected by your instructor, to prepare a systems flowchart of the process. If you completed any of the previous short problems, use that information to help you construct the diagram. a. Use Microsoft Visio, any other diagramming software, or another Microsoft office product such as Excel to create the diagram you drew in Short Problem 4-5.arrow_forwardAn unhappy customer just returned $50 of the items he purchased yesterday when he charged the goods to the companys store credit card. Which special journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journalarrow_forward
- 1. A special journal contains columns for Cash, Purchases Discounts and Accounts Payable. This journal is a (an) A. Invoice Register B. Sales Journal C. Cash Receipts Journal D. Cash Disbursements Journal 2. Which of the following is true of a voucher system? A. All major expenditures, including cash transactions for payment of rent and utilities expense, would first be credited to Vouchers Payable before payment is made. B. Transactions are first entered in the check register, and later, when payment is made, in the voucher register. C. The check register replaces the cash receipts journal. D. The voucher register contains a debit column for Vouchers Payable 3. An accounting clerk would take first which of the following steps? A. Post individual amounts to the subsidiary ledgers. B. File source documents C. Journalize the business transaction D. Post to the general ledgers. 4. The book of original entry that will accommodate entries which cannot be appropriately recorded in any of the…arrow_forwardUsing the sales and cash receipts journals The sales and cash receipts journals of Caverly Office Products include the following entries: Identify the missing information in the cash receipts journal for those transactions listed. All credit sales are terms n/30. Assume all the accounts are paid in full. Also, total the columns in the cash receipts journal and show that total debits equal total credits.arrow_forwardExpound the following two physical control for cash received by cashiers in a grocery 1) The cash must be entered into the cash register to be recorded. 2) Count the cash at the end of the day and match with the entries in the cash register to check the accuracy of the cash in hand.arrow_forward
- When the store manager receives a requisition note, he issues three copies of purchase order. Two copies of these orders are sent to the vendor and one copy remains in the stores file. When the goods are received, the store manager matches the purchase order with the invoice and forwards them to accounts payable department for payment of dues. Which of the following statement best describes the internal control over the purchasing process? Inadequate control over accounts payable. Inadequate segregation of duties. Inadequate segregation of duties. Adequate internal control exists.arrow_forwardWhich of the following is true of a voucher system? A. All major expenditures, including cash transactions for payment of rent and utilities expense, would first be credited to Vouchers Payable before payment is made. B. Transactions are first entered in the check register, and later, when payment is made, in the voucher register. C. The check register replaces the cash receipts journal. D. The voucher register contains a debit column for Vouchers Payablearrow_forwardAccounts Payable and Cash Disbursement Lissa describes as follows of how she handles the cash payment to the SESB’s vendors, specifically on the purchase of inventories. Upon receiving the purchase order copy, Lissa temporarily files the purchase order (by supplier name) in ‘Incoming Vendor’s Invoice’ while waiting for the invoice to arrive from the vendor. When the vendor’s invoice arrives, she takes out the respective purchase order copy that matches the vendor’s invoice. The supplier invoice details are reconciled with the respective purchase order. Lissa gets into SESB’s accounting system and records the vendor’s invoice by keying-in the reseller’s ID. A computer program then reads the vendor’s master file and displays the vendor’s details on screen. She then records the vendor’s invoice details onto the system. A next computer program edits and checks the invoice details entered for possible data entry errors. Upon saving the transaction, the computer program records the…arrow_forward
- Accounts Payable and Cash Disbursement Lissa describes as follows of how she handles the cash payment to the SESB's vendors, specifically on the purchase of inventories. Upon receiving the purchase order copy, Lissa temporarily files the purchase order (by supplier name) in 'Incoming Vendor's Invoice' while waiting for the invoice to arrive from the vendor. When the vendor's invoice arrives, she takes out the respective purchase order copy that matches the vendor's invoice. The supplier invoice details are reconciled with the respective purchase order. Lissa gets into SESB's accounting system and records the vendor's invoice by keying-in the reseller's ID. A computer program then reads the vendor's master file and displays the vendor's details on screen. She then records the vendor's invoice details onto the system. A next computer program edits and checks the invoice details entered for possible data entry errors. Upon saving the transaction, the computer program records the…arrow_forwardMatch each document in a voucher system with its description. Document 1. Purchase requisition 2. Purchase order 3. Invoice 4. Receiving report 5. Invoice approval 6. Voucher Description A. An itemized statement of goods prepared by the vendor listing the customer’s name, items sold, sales prices, and terms of sale. B. An internal file used to store documents and information to control cash payments and to ensure that a transaction is properly authorized and recorded. C. A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms. D. A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization. E. A document used by department managers to inform the purchasing department to place an order with a vendor. F. A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of…arrow_forward5 Identify which control activity is violated in each of the following situations, and explain how the situation creates an opportunity for fraud or inappropriate accounting practices. Once a month, the sales department sends sales invoices to the accounting department to be recorded. Several clerks at Harper's Groceries use the same cash register drawer. Steve orders merchandise for Baker Company; he also receives merchandise and authorizes payment for merchandise.arrow_forward
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