Accounting 120 - Computerized Accounting Systems » Spring 2022 » Ch 10 Quiz

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Question #1
To prepare the Balance Sheet, select:
A.   Reports Center > Accountant & Taxes
B.   Company Center > Company & Financials
C.   Reports Center > Company & Financials
D.   Company Center > Accountant & Taxes
Question #2
To prepare the Profit & Loss report, select:
A.   Reports Center > Company & Financials
B.   Company Center > Company & Financials
C.   Reports Center > Accountant & Taxes
D.   Company Center > Accountant & Taxes
Question #3
To prepare the Statement of Cash Flows, select:
A.   Company Center > Accountant & Taxes
B.   Reports Center > Company & Financials
C.   Company Center > Company & Financials
D.   Reports Center > Accountant & Taxes
Question #4
Examples of management reports for internal decision making include all of the following except:
A.   1120S Report
B.   Cash Budget
C.   Accounts Receivable Aging Summary
D.   Cash Forecast
Question #5
To prepare the entire Journal, select:
A.   Company Center > Accountant & Taxes > Journal
B.   Reports Center > Accountant & Taxes > Journal
C.   Company Center > Company & Financials > Journal
D.   Reports Center > Company & Financials > Journal
Question #6
The Income Statement lists:
A.   Income and Expenses
B.   Assets and Expenses
C.   Assets and Liabilities
D.   Net Income and Owner's Equity

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