Navigation » List of Schools » Glendale Community College » Accounting » Accounting 120 – Computerized Accounting Systems » Fall 2022 » Midterm
Below are the questions for the exam with the choices of answers:
Question #1
A Accounts Receivable Aging Detail
B Accounts Payable Aging Summary
C Purchases by Vendor Summary
D Purchases by Item Summary
Question #2
A Receive Inventory
B Items & Services
C None of the choices are correct
D Invoices
Question #3
A Receive bills
B Order goods
C Receive inventory
D Create sales receipt
Question #4
A Report the amount received from customers in compliance with IRS regulations
B Report the amount paid to employees in compliance with IRS regulations
C Report the amount paid to a vendor in compliance with IRS regulations
D None of the choices are correct
Question #5
A Pay Bills
B Make Deposit
C Receive Payments
D Enter Purchase Order
Question #6
A Create Sales Receipts
B Pay Bills
C Receive Undeposited Funds
D Make Deposit
Question #7
A Make Deposit
B Create Invoice > Customer Payment > Customer Name Only
C Receive Payment > Customer & Job Name
D Create Sales Receipt > Record Deposits
Question #8
A Petty Cash funds
B Funds received from customers but not deposited in the bank
C Funds the company owes vendors
D Only partial payments received from customers
Question #9
A Select Company Center > Customers & Receivables
B Select Reports Center > Company & Financials
C Select Customers Center > Customers & Receivables
D Select Reports Center > Customers & Receivables
Question #10
A Receive Payments
B Create Sales Receipts
C Create Invoices
D Pay Bills
Question #11
A Accounts Receivable Aging Detail
B Collections Reports
C All of the choices are correct
D Customers with Open Invoices
Question #12
A Create Estimates
B Create Purchase Order
C Sales Receipts
D Create Invoices
Question #13
A Checks that have cleared the bank
B Deposits recorded by the bank
C Outstanding checks
D Errors
Question #14
A The deleted check no longer appears in the check register
B All of the choices are correct
C It is better to delete the check than void the check in order to erase all records of the transaction
D QuickBooks changes the amount deducted in the check register to zero
Question #15
A Checks
B Accounts
C Invoices
D Purchase orders
Question #16
A Bills entered in the Enter Bills window
B None of the choices are correct
C Payroll checks
D Sales taxes
Question #17
A Record deposits
B Write Checks
C Reconcile Checking accounts
D Pay Employees
Question #18
A None of the choices are correct
B Pay bills
C Detect errors
D Insure the debits equal credits
Question #19
A Records an expense (debit) and the obligation to pay later (credit)
B Records an expense (credit) and the obligation to pay later (debit)
C Reduces the liability (debit) and the checking account (credit)
D Reduces the liability (credit) and the checking account (debit)
Question #20
A Reconciled
B None of the choices are correct
C Debited
D Credited
Question #21
A All deposits listed on the bank statement are selected as cleared in the Reconcile window
B Service charges are added
C Interest earned is subtracted
D All of the choices are correct
Question #22
A Keeps track of company deposits only
B Records payments and deposits to the Checking account
C Lists all accounts and their account numbers
D Is located directly on the Company section of the Home Page
Question #23
A Receive bills
B Enter bills
C Pay sales tax
D Receive payments
Question #24
A Create estimates
B Receive payments
C Receive inventory
D Create invoices
Question #25
A Pay bills
B Enter bills
C Pay employees
D Make deposit
Question #26
A Purchase Order
B Pay Bills
C Invoice
D Check
Question #27
A Onscreen Journal and QuickBooks reports
B Onscreen Journal and onscreen forms
C Onscreen forms and QuickBooks reports
D None of the choices are correct
Question #28
A Enter Bills
B Write Checks
C Create Invoices
D Pay Bills
Question #29
A Enter Bills
B Enter Credit Card Charges
C Pay Bills
D Receive Payments
Question #30
A Vendors
B Banking
C Customers
D Employees
Question #31
A None of the choices are correct
B Select Company section of the Home Page > Saved Transactions
C Select Lists Menu > Memorized Transaction List
D Select Navigation Bar > Recurring Transaction List
Question #32
A Saved transactions
B Create icon
C Memorized transactions
D Repeat transactions
Question #33
A Owner List
B Customer List
C Item List
D Vendor List
Question #34
A Inventory Account
B Purchase Orders Account
C Accounts Payable Account
D Employee Expense Account
Question #35
A All of the choices are correct
B Income and expense accounts
C Owner’s contributions
D Assets, liabilities and owner’s equity accounts
Question #36
A Permanent accounts
B Equity accounts
C Temporary accounts
D None of the choices are correct
Question #37
A Balance Sheet accounts
B Income Statement accounts
C
D None of the choices are correct
E All the choices are correct
Question #38
A Edit Menu > Preferences > Employees
B Company Menu > Company Information
C Company Menu > Set Up Users and Passwords > Set Up Users
D Employees > Employee Center
Question #39
A QBM
B QBB
C QBW
D QBX
Question #40
A Vendor
B Company
C Customer
D Banking
Question #41
A Create Estimates
B Create Invoices
C Receive Inventory
D Receive Payments
Question #42
A Home Page
B Icon Bar
C All of the choices are correct
D Menus
Question #43
A Vendors and expenses
B Chart of Accounts
C Banking
D Customers and sales
Question #44
A Receive Inventory
B Create Invoice
C Create Purchase Order
D Receive Bill
Question #45
A Enter invoices
B View the Chart of Accounts
C Record credit card receipts
D Pay bills