Which of these commands does Peachtree automatically select? (Points : 2) Objects Dialog boxes Defaults Shortcuts

Question 2. 2. Peachtree's backup feature works with what other Peachtree feature? (Points : 2)

Import/Export Save As Formatting Restore

Question 3. 3. The chart of accounts is: (Points : 2)

Arranged in alphabetical order Arranged in numerical order Arranged in chronological order Arranged by frequency of use

Question 4. 4. Owners invested cash in a business enterprise. This transaction would be recorded by: (Points : 2)

Debiting Cash and crediting Capital Debiting Capital and crediting Cash Debiting Cash and crediting Revenue Debiting Revenue and crediting Cash

Question 5. 5. Which holds true for accounting software, from the following statements? (Points : 2)

Captures accounting transactions Automatically posts accounting transactions Prints computerized financial statements All the above

Question 6. 6. The file extension for Peachtree backup files is: (Points : 2)

.pdf .pbb .ptb .pbcx

Question 7. 7. To restore a company, you select the Restore submenu found under the: (Points : 2)

File menu Edit menu Tasks menu Maintain menu

Question 8. 8. Which of the following statement(s) is true for a debit? (Points : 2)

Decreases asset accounts Decreases liability accounts Increase the owners equity account Increases revenue accounts

Question 9. 9. A chart of accounts is: (Points : 2)

The same as a balance sheet A listing of accounts in numerical order without balances A listing of accounts in numerical order with current balances A listing of accounts in alphabetical order

Question 10. 10. Which of the following have debit balances? (Points : 2)

Revenues, Liabilities, Owners' Equity Owners' Equity, Assets Liability, Expenses Assets, Expenses

Question 11. 11. Delivery equipment is purchased on account. This transaction would be recorded by: (Points : 2)

Debiting Delivery Equipment and crediting Accounts Payable Debiting Delivery Expense and crediting Cash Debiting Delivery Expense and crediting Accounts Payable Debiting Delivery Equipment and crediting Cash

Question 12. 12. In the computer accounting cycle, which of the following report is not included? (Points : 2)

Adjusted trial balance Unadjusted trial balance Worksheet Financial statements

Question 13. 13. Which of the following are Assets? (Points : 2)

Accounts Payable, Loans Payable and Unearned Rent Cash, Accounts Receivable and Office Supplies Supplies Expense, Wages Expense and Rent Expense Common Stock and Dividends

Question 14. 14. Payment of office rent represents: (Points : 2)

A decrease in a liability account A decrease in expenses A decrease in cash None of the above

Question 15. 15. Paid for this months telephone bill. This transaction would be recorded by: (Points : 2)

Debiting Capital and crediting Accounts Payable Debit Telephone Expense and Credit Cash Debiting Telephone Expense and crediting Accounts Payable Debiting Telephone Expense and crediting Notes Payable