These exams (first midterm, second midterm, and final) were used in previous quarters. You may see some of the same questions on your exam. Material coverage may be different and your exam will likely be harder.

 

1st MIDTERM EXAM
 
. For tax reporting the form 1040, 1065, and 1120s use the same expense categories
        a. true
@       b. false

. Which is a turnaround document
        a. pre printed Worker's comp form
        b. pre-printed Ohio sales tax form
        c. pre-printed 941
        d. pre-printed 940
@       e. all of the above are turnaround documents
 
. Posting from the General Journal to individual ledgers is
        a. easier with the computer
        b. more difficult with a computer
@       c. eliminated with the use of a computer for accounting
        d. performed after financial statements are prepared
        e. none of the above
 
. Source data automation is
        a. not yet possible until computers become faster
@       b. capture data in machine readable format at the time and place of their origin
        c. disk drives connected directly to the CPU
        d. updating a master tape with a new master tape
        e. none of the above
 
. DOS is a text based operating system
@       a. TRUE
        b. FALSE
 
. Resolution of a printer is measured by the total dots on a page.
        a. TRUE
@       b. FALSE
 
. On line, real time data entry has an advantage - data can be verified as it is entered
@       a. true
        b. false

. Record in the Master file and the Transaction file must be in sorted order before updating can begin when all the information is on tapes.
@       a. TRUE
        b. FALSE
 
. Disk & Tape are both secondary storage
@       a. TRUE
        b. FALSE