(7) Final.pdf

1 Final Computerized Accounting Ch 1 1) Accounting information system is: a. A computerized system b. A manual system c. A system providing accounting information d. All of the above...

1 Final Computerized Accounting Ch 1 1) Accounting information system is: a. A computerized system b. A manual system c. A system providing accounting information d. All of the above Answer: D 2) Computerized accounting system require: a. Hardware b. Software c. Accountants & IT specialists d. A & B Answer: D 3) The benefits of computerized accounting system are: a. Data corruption b. Security c. Accessibility d. B&C Answer: D 4) There are types of accounting systems including: a. Manual accounting system b. Auto system c. Computerized accounting system d. A&C Answer: D 5) Installation of the computerized accounting system results in ………. a. System failure b. Additional cost c. Unemployment d. B & C Answer: D  2 6) The Two Computerized accounting software that can be used: a. PCA package b. Windows XP and Vista c. Quick books accounting package d. A&C Answer: D 7) ……… are readily available in the market which are developed to meet the requirements of the users. a. Readymade Software b. Customized Software c. Tailor- made Software d. None of the above Answer: A 8) PCA and quick books are common customized software programs a. True b. False Answer: B 9) ………. is one of the advantages of computerized accounting system which facilitates the protection of the company's accounts. a. Automation b. Accessibility c. Security d. Accuracy Answer: C 10) Functions of accounting information system are: a. Collecting and storing data about activities and transactions b. Processing data into useful information for making decisions c. Providing adequate control to safeguard organization's assets. d. All of the above. Answer: D  3 Ch 3 True/Or False Questions 1. Shortcut keys enable you to use Peachtree's mouse. Answer: F Right answer: Keyboard 2. Peachtree's restore wizard allows you to restore existing companies only. Answer: F Right answer: and new companies 3. Peachtree's graphical user interface is similar to other programs that use the windows operating systems. Answer: T 4. If there is an underlined letter in the menu or option you want to select, hold down the key and the underlined letter to make the selection. Answer: T 5. The angle brackets are used to indicate individual keys on the keyboards, for example. Answer: T 6. You can close the application you are working with by single clicking with the mouse on the close button. Answer: T 7. You can access seven navigation center pages from the navigation bar. Answer: T 8. In PCA, some icons are common to all windows while other icons are specific to a particular window. Answer: T  4 9. The navigation bar is located at the bottom of most Peachtree windows. Answer: F Right answer: left 10. The extension used for Peachtree backups is.XLS. Answer: F Right answer:.ptb 11. If the student is not familiar with Microsoft Windows, using PCA will help the student become familiar with the Windows Operating System. Answer: F MCQ Questions 1. The file extension for Peachtree backup files is: a..pdf b..Ptb c..xlsx d..pbcx Answer: B 2. The name of the sample company or companies that are included in the PCA software: a. Pavilion Garden Supply b. Berkeley Custom Polls & SPA c. Bellwether Garden Supply and Stone Arbor Landscaping d. Fabrikam, Inc & Northwind Traders Answer: C 3. The purpose of using the sample company is to become familiar with: a. Peachtree Accounting b. Accounting procedures c. The navigation bars d. The navigation centers Answer: A  5 4. Commands that PCA automatically selects are called: a. Objects b. Dialog boxes c. Shortcuts d. Defaults Answer: D 5. Menu choices that are followed by an ellipsis (…) are associated with: a. Text fields b. Shortcuts c. Dialog boxes d. Defaults Answer: C 6. Clicking on file from menu bar in order to: a. Open company b. Open previous company c. Close company d. Setup guide e. Back up f. All of the above Answer: F 7. By clicking on Maintain menu bar; Employees & Sales Rep, which is the following window can be appeared: a. Maintain Customers/Prospects window b. Purchase Orders window c. Maintain Employees & Sales Rep window d. Purchases/Receive Inventory window Answer: C  6 8.......... is also a gray bar which exists at the right of the business status navigation button shows Hide, Refresh and Print for example. a. Menu bar b. Task bar c. Tool bar d. Title bar Answer: C 9. The Edit menu allows the business to do the following: a. Cut b. Paste c. Copy d. Find Transactions Answer: D 10. The Options menu has selections that allow the user to: a. Backup b. Print reports c. Check global setting and define internet connection d. Enter journal entries Answer: C 11. The default location for Bellwether backups is: a. The location specified for external media b. C:\Peachtree\BCS\Company\[file name] c. C:\Program Files\Company\BCS\[file name] d. C:\Program Files\Sage Software\Peachtree\Company\BCS\[file name] e. None of the above Answer: E 3 ‫ شابتر‬24 ‫انظر صفحه‬  7 Ch 4 Vendor Multiple Choice Questions 1. Cash discounts from vendors in return for early payment of an invoice are called: a. Sales discount b. Purchase discount c. Returns and allowances d. Markdowns Answer: B 2. You can enter information within a lookup field by using one or more of the following keys: a. Type symbol b. Type the invoice No. c. Double-click with mouse d. A or C. Answer: D ‫ على الكيبورد‬+ ‫ او عن طريقه الضغط على‬Double-click with mouse ‫عشان تكتب اى حاجه في اى خانه بنضغط‬ 3. Why is it important that your coding system for vendors be consistent and logical? a. All vendors & customers should be identified by 3 digits. b. So that others working in your company can determine a vendor code from the company name. c. All customers & vendors should be identified by the first 8 letters of a company's name. d. All the vendors and customer numbers are already setup for Bellwether Garden Supply so you don’t have to worry about it. e. None of the above Answer: B ‫ الخاص بالشركه‬ID ‫نستخدم احرف من اسم الشركه عند اعداد الـــ‬  8 4. Which navigation bar selection can be used to record a vendor payment? a. Reports/Accounts payable/Disbursements Checks b. Maintain; Customers/Prospects c. Options; Global d. Vendors & Purchases; Pay Bills e. None of the above Answer: D 5. It is important to use either upper or lowercase letters to identify a vendor because the program : a. Is susceptible b. Does not recognize symbols c. Is case sensitive d. None of the above Answer: D 6. Which window do you use to add a new vendor? a. Menu bar b. Maintain Vendors c. Select a report d. Maintain Customers Answer: B 7. Going from the general ledger to the original entry window is called? a. Coding b. Lookup c. Drill down d. All of the above Answer: C  9 8. Which of the following navigation bar; vendor & purchases selections do you use to issue a return of merchandise to a vendor? a. Vendors & Purchases Tasks; Purchases/Receive Inventory b. Credits & Returns; New Vendor Credit Memo c. Sales Invoicing d. Credit Memos e. None of the above Answer: B 9. To enter a purchase order, it can be done by clicking on: a. Maintain from menu bar then Receipts b. Tasks from menu bar then Purchase Order c. Options from menu bar; Global d. Purchase orders from Vendors & Purchases navigation center; New Purchase Order e. B or D Answer: E 10. Why are purchase orders used? a. To post accounting information. b. To place an order with a customer. c. To update the accounts payable subsidiary system. d. To request items from a vendor. e. None of the above. Answer: D 11. Alphabetic characters in Peachtree are: A. Not case sensitive. B. Case sensitive. C. Always uppercase. D. Always lowercase. E. Combination of upper and lowercase.  10 11. When you make an entry in the Purchases/Receive Inventory window for Adler’s Landscaping you are debiting and crediting which accounts: a. Dr. Accounts Payable/Adler’s Landscaping Cr. Cash in Checking Cr. Purchase Discounts b. Dr. Cash Cr. Accounts Payable c. Dr. Cash Cr. Sales d. Dr. Materials Cost Cr. Accounts Payable/Adler’s Landscaping e. None of the above. Answer: D 12. The Vendor Ledgers Report is another name for the: A. Accounts Receivable subsidiary ledger B. Inventory subsidiary ledger C. Accounts Payable open items report D. Accounts Payable subsidiary ledger E. Controlling account 13. On the Navigation Bar, make the following selections to display the Vendor Ledgers Report: A. Vendors & Purchases Navigation Center, link to View Detailed List and select Vendor Ledgers, Display. B. Vendors & Purchases Navigation Center, link to View all Vendor & Purchases Reports and select Vendor Ledgers, Display. C. Maintain; Customers/Sales Reps. D. Customers & Sales Navigation Center, in the Vendors area, link to View Detailed List.  11 14. To print a vendor check, you use the following menu bar selections: A. Reports & Forms; Accounts Receivable, Invoices, Preprint 1 Stub, Print. B. Reports & Forms; Forms, Checks, OCR AP Laser Preprinted, Print. C. Tasks; Payments, Check Register, Checks, Print. D. Reports & Forms; Financial Statements, Current Period, Print. E. Maintain; Vendors, Purchase Info tab. 15. The Payments window is also known as the: A. Cash Receipts Journal B. Purchases Journal C. Sales Journal D. Cash Disbursements Journal E. General Journal 16. The Purchases/Receive Inventory window is also called the: a. Cash disbursements journal b. Sales journal c. Cost of goods sold journal d. Purchase journal e. General journal Answer: d 17. The following accounts are debited and credited when you purchase inventory on account: A. Dr. Inventory account, credit Account Receivable/vendor. B. Dr. Accounts Payable/Vendor; Cr. expense account. C. Dr. Inventory account; Cr. Accounts Payable/Vendor. D. Dr. Accounts Receivable/Customer; Cr. Sales account. E. Dr. Accounts Payable/Vendor; Cr. Inventory account.  12 19. In Bellwether Garden Supply, vendors are set up using: A. Last name first. B. First name first. C. A coding system. D. Defaults. E. Use eight characters only. Ch 5 Customer Multiple Choice Questions 1. Cash discount for customers in return for early payment of an invoice is called: A. Returns & allowances B. Sales discounts C. Purchase discounts D. Markdowns Answer: B 2. Why are sales orders used? A. When there is a gap between the time of ordering the goods and the actual time of delivering them B. The customer order goods to buy C. When the business needs to record the customer's order in PCA D. All of the above Answer: D 3. To create a sale order, clicking on: A. Maintain from menu bar then Quotes/Sales; Sales Order B. Tasks from menu bar then sales/invoicing C. Maintain from menu bar then customers/prospects D. Tasks from menu bar then Quotes/Sales; Sales Order Answer: D  13 4. To create a sale invoicing, the business should click on: A. Maintain from menu bar then Quotes/Sales B. Tasks from menu bar then Sales/Invoicing C. Maintain from menu bar then Sales Invoicing D. Options from menu bar then Quotes/Sales; Sales Order Answer: B 5. When the customer is paying many invoices you have to use: A. Apply to Revenues tab B. Apply to Sales Order tab C. Apply to Invoices tab D. None of the above Answer: D 6. When the customer is paying a whole invoice you have to use: A. Apply to Revenues tab B. Apply to Payment tab C. Apply to Invoices tab D. None of the above Answer: D 7. To enter a sale quote for a customer, which of the following windows should be used: A. Purchase Order window B. Sales/ Invoicing window C. Receipts window D. Quotes window Answer: D 8. What is the default discount for the customers? A. 2%,10, Net 30 days B. 2%,15, Net 30 days C. 5%,15, Net 30 days D. None of the above Answer: A  14 9. If you receive a payment from the customer, what window do you use? A. Purchase Order window B. Sales/ Invoicing window C. Receive Money window D. Quotes window Answer: C 10. To convert a sale quote to a sale order, it can be done by clicking on: A. Maintain from menu bar then Quotes/Sales B. Quotes and Proposals; View and Edit Quotes; the Quote List window appears. C. Maintain from menu bar then Sales Invoicing D. Options from menu bar then Quotes/Sales; Sales Order Answer: B 11. information about a sale is recorded in the: a. Purchase window b. Inventory window c. Purchases/Receive Inventory window d. Sales/Invoicing window e. General ledger Answer: d 12. The Sales/Invoicing window is also known as the: a. Purchase journal b. Cash receipts journal c. Sales journal d. Cash disbursements journal e. General ledger Answer: c  15 13. The Receive Money window is also known as the: a. Sales journal b. Cash receipts journal c. Purchase journal d. Cash disbursements journal e. General journal Answer: b 14. Another name for the customer ledger is: a. Accounts receivable ledger b. Accounts payable ledger c. Vendor ledger d. Inventory ledger e. Cost of goods sold journal Answer: a 15. When you want to create an invoice without inventory items, use the following form: a. Sales invoice ‫نعرفها احتياطي‬ b. Purchase invoice c. Sales order d. Service invoice e. OCR laser Answer: d 16. You enter all checks, cash and credit card sales in the: a. Sales receipts window b. Receive Money window c. Payments window d. General journal entry window e. Inventory adjustments window Answer: b  16 17. On the Navigation Bar, make the following selections to record a sales return: a. Customers & Sales Navigation Center > click on the Credits and Returns icon > select Make Payment to Customer > select the customer > type the invoice number b. Customers & Sales Navigation Center > click on the Credits and Returns icon > select New Credit Memo c. Customers & Sales Navigation Center > click on the Sales Invoices icon > select New Sales Invoice d. Customers & Sales Navigation Center > click on the Credits and Returns icon > select View and Edit Credit Memos e. Tasks > select Maintain Customers/Sales Reps > Defaults Answer: b 18. On the Navigation Bar, make the following selections to record a cash sale: a. On the Customers & Sales Navigation Center > click on the Sales Invoices icon > select New Sales Invoice b. On the Customers & Sales Navigation Center > click on the Receive Money icon > select View and Edit Payments Received > Apply to Revenues tab > record the cash sale c. On the Customers & Sales Navigation Center > click on the Receive Money icon > select Receive Money From Customer > Apply to Revenues tab > record the cash sale d. On the Banking Navigation Center > click on the Receive Money icon > select Receive Money From Customer > Apply to Revenues tab, record the cash sale e. On the Inventory & Services Navigation Center > select Inventory Adjustments Answer: c  17 Ch 7 Inventory Multiple Choice Questions 1. Inventory System used by PCA is called: A. Straight line method B. Perpetual inventory C. Double-declining method D. Periodic inventory Answer: B 2. In the Maintain Inventory Items window, the default in the Item class list is: A. Labor B. Description only C. Non stock D. None of the above Answer: D (Right answer: Stock item) ‫االجابه المفروض‬ 3. For Stock-Type Inventory Items, PCA tracks the following: A. Stock quantities B. Descriptions C. Unit prices D. Cost of goods sold E. All of the above Answer: E 4. The journal entry to purchase an inventory stock item is: A. Debit accounts payable/vendor , Credit inventory B. Debit inventory, Credit accounts payable/vendor C. Debit accounts receivable/customer , Credit sales tax payable D. None of the above Answer: B  18 5. The journal entry/or entries for the sale of an inventory item are: A. Debit accounts receivable/customer, Credit sales B. Debit accounts receivable/customer, Credit sales, Credit sales tax payable , Debit product cost , Credit inventory C. Debit inventory Credit product cost D. None of the above Answer: B 6. To set up an inventory item, open ……………window: A. Purchase order B. Sales order C. Sales/invoicing D. Receive money E. None of the above Answer: E (Right answer: Maintain inventory item )‫االجابه المفروض‬ 7. To record a purchase of an inventory item, open ……………window: A. Maintain Inventory items B. Sales order C. Sales/invoicing D. Receive money E. Purchases/receive inventory Answer: E Payment Window ‫ تصبح االجابه‬Purchase for Cash ‫لو حدد وقال‬ 8. To record a sale of an inventory item, open ………..…window: A. Maintain Inventory items B. Sales order C. Sales/invoicing D. Receive money Answer: C Receive money Window ‫ تصبح االجابه‬Sale for Cash ‫لو حدد وقال‬  19 9. PCA uses ……. as a cost method: A. FIFO B. Straight line C. LIFO D. A & C Answer: A 10. To open Maintain Inventory Items window, click on …….. from navigation bar. A. Vendors & Purchases B. System C. Customers & Sales D. Inventory & services Answer: D 11. When setting up inventory items on the Maintain Inventory Items window, information must be entered for: a. Customer IDs b. Inventory method c. Inventory adjustments d. Item ID, Minimum Stock, Reorder Quantity e. Cash account credited Answer: d  20 ((((V.I))) MCQ (((V.I))) 1. The Chart of accounts and general journal entries can be selected from ………. Menu: a. File b. Lists c. Edit d. options Answer: B 2. To back up the company data, click on ………….. from navigation bar a. Vendor and purchases b. System c. Customer and sales d. Business statues Answer: B 3. Purchase order can be used to…………….. a. Post accounting information b. Place an order with a customer c. Request items from vendor d. None of the above Answer: C 4. Commands that PCA automatically selects are Called: a. Objects b. Defaults c. Dialog boxes d. Shortcuts Answer: B 5. To use Peachtree’s Restore Wizard, Click on system from navigation bar then click on restore now in backup and restore data, ……………. Window will appear a. Backup Company b. Restore Wizard-restore c. Restore Wizard-select backup file d. Restore Wizard-select company Answer: C  21 MCQ ‫نذاكره على انه يجي‬ Complete: 1. ………… is a copy of data file stored on the hard drive or external media. Answer: Backing up 2. …………….. is appeared when you open a company which tells you what you need to know about the company in one place Answer: Business status Center 3. …………….. refers to the use of lowercase and upper case letter swhen coding a customer, vendor or employee using either capital or lower case letters Answer: Case Sensitive 4. …………… information that displays in windows or information that is automatically used by the system and can be changed by choosing command. Answer: Default 5. Each navigation bar selection takes you to ………….. which provide information and access to peach program Answer: navigation center  22 MCQ ‫نذاكره على انه يجي‬ Term 1. A copy of a data file typically stored on the hard drive or external media. Answer: Backing up 2. When you open a company it appears like a car's dashboard, it tells you what you need to know about the company in one place. Answer: Navigation Center 3. Refunds for merchandize that is returned by a customer. Answer: Credit Memo 4. …….. that displays in windows or information that is automatically used by the system. You can change the default by choosing another command. Answer: Default information 5. A window that appears when the system requires further information you type information into it to communicate with the program. Answer: Dialog box 6. Shows account activity for each customer. Answer: Purchase order 7. Each navigation bar selection takes you to …… which provide information and access to the Peachtree program. Answer: Navigation Center 8. A combination of letters and numbers that are used to identify ledger accounts, customers and vendors. Answer: Coding System 9. The act of following a path to its origin for further analysis. Answer: Drill Down 10. Shows account activity for each vendor. Answer: Vendor Ledger