If the statement is true, write T in the space provided. If the statement is false, write F in the space provided.
1. The New menu command clears any existing data from memory in preparation for setting up a new system.
2. Integrated Accounting supports 12 departments.
3. Integrated Accounting allows for accounts payable and payroll checks to be prepared manually or by computer.
4. Integrated Accounting allows for a monthly or yearly accounting cycle.
5. Classify accounts is used to specify the account numbers needed to generate the payroll journal entries.
6. The required accounts need not be specified during setup.
7. If payroll records are being established at a time other than the beginning of a new year, quarterly and yearly earnings and with holdings must be created for each employee.
8. Integrated Accounting allows accounts to be added to the chart of accounts by selecting them from a master list of accounts.
9. The general, purchases, cash payments, sales, and cash receipts journals included in the software cannot be changed.
10.  Tax brackets, rates, and limits provided by the software cannot be changed.