Accounting 120 - Computerized Accounting Systems » Spring 2023 » Ch 1 Quiz

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
Which of the following tasks is completed from the Banking section of the Home Page?
A.   Record payments received from customers
B.   Pay employees
C.   Enter bills
D.   Record deposits
Question #2
Accounting information is used to do all of the following except:
A.   Prepare meeting minutes for the board of directors
B.   Prepare reports for management
C.   Prepare financial statements for investors
D.   Prepare tax returns for the IRS
Question #3
Most accounting systems consist of which of the following components:
A.   All of the choices are correct
B.   Processing
C.   Output
D.   Input
Question #4
A business transaction is an exchange between the QuickBooks company and:
A.   Employee
B.   Customer
C.   All of the choices are correct
D.   Vendor
Question #5
Reports for managers can help to identify:
A.   Overdue customer accounts
B.   Least profitable product
C.   All of the choices are correct
D.   Most profitable product
Question #6
In QuickBooks, how do you enter transaction information?
A.   None of the choices are correct
B.   Onscreen forms and QuickBooks reports
C.   Onscreen Journal and QuickBooks reports
D.   Onscreen Journal and onscreen forms
Question #7
Which one of the following activities is not associated with the Employee section of the Home Page?
A.   Pay Payroll Liabilities
B.   Write Checks
C.   Process Payroll Forms
D.   Enter Time
Question #8
All of the following are one of the four main categories of transactions in QuickBooks except?
A.   Vendors and expenses
B.   Customers and sales
C.   Chart of Accounts
D.   Banking
Question #9
Which of the following tasks can be completed in the Vendor section of the Home page?
A.   Create Invoices
B.   Create Estimates
C.   Receive Inventory
D.   Receive Payments
Question #10
The Chart of Accounts can be accessed from which section of the Home page?
A.   Banking
B.   Customer
C.   Company
D.   Vendor

Need help with your exam preparation?

Existing Quiz Clients Login here