AIS Chapter 18 Questions & Answers
Correct!!
journal voucher file - ANSWERScontains the information that would be found in the
general journal in a manual accounting system: the date of the journal entry, the
accounts debited and credited, and the amounts
audit trail - ANSWERSa report that traces who has accessed electronic information,
when information was accessed, and whether any information was changed
accruals - ANSWERSentries made at the end of the accounting period to reflect events
that have occurred but for which cash has not yet been received or disbursed
deferrals - ANSWERSentries made at the end of the accounting period to reflect the
exchange of cash prior to performance of the related event
estimates - ANSWERSentries that reflect a portion of expenses expected to occur over
a number of accounting periods
revaluations - ANSWERSentries made to reflect either differences between the actual
and recorded value of an asset or a change in accounting principle
corrections - ANSWERSentries made to counteract the effects of errors found in the
general ledger
XBRL - ANSWERSa programming language designed specifically to facilitate the
communication of business information
Inline XBRL - ANSWERSmerges HTML and XBRL so that the same document is
human-readable in a browser yet also contains structured machine-readable data that
can be automatically processed by various analytics tools without requiring any manual
input
