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 Purchases by Item Summary
B Purchases by Vendor Summary
C Accounts Payable Aging Summary
D Accounts Receivable Aging Detail
Question #2
A None of the choices are correct
B Receive Inventory
C Invoices
D Items & Services
Question #3
A Receive bills
B Create sales receipt
C Receive inventory
D Order goods
Question #4
A Report the amount received from customers in compliance with IRS regulations
B None of the choices are correct
C Report the amount paid to a vendor in compliance with IRS regulations
D Report the amount paid to employees in compliance with IRS regulations
Question #5
A Enter Purchase Order
B Make Deposit
C Receive Payments
D Pay Bills
Question #6
A Receive Undeposited Funds
B Pay Bills
C Create Sales Receipts
D Make Deposit
Question #7
A Make Deposit
B Create Sales Receipt > Record Deposits
C Receive Payment > Customer & Job Name
D Create Invoice > Customer Payment > Customer Name Only
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 Reports Center > Company & Financials
B Select Company Center > Customers & Receivables
C Select Reports Center > Customers & Receivables
D Select Customers Center > Customers & Receivables
Question #10
A Create Invoices
B Create Sales Receipts
C Pay Bills
D Receive Payments
Question #11
A Customers with Open Invoices
B All of the choices are correct
C Accounts Receivable Aging Detail
D Collections Reports
Question #12
A Create Estimates
B Create Purchase Order
C Create Invoices
D Sales Receipts
Question #13
A Checks that have cleared the bank
B Outstanding checks
C Errors
D Deposits recorded by the bank
Question #14
A QuickBooks changes the amount deducted in the check register to zero
B The deleted check no longer appears in the check register
C It is better to delete the check than void the check in order to erase all records of the transaction
D All of the choices are correct
Question #15
A Invoices
B Purchase orders
C Checks
D Accounts
Question #16
A None of the choices are correct
B Bills entered in the Enter Bills window
C Sales taxes
D Payroll checks
Question #17
A Reconcile Checking accounts
B Record deposits
C Pay Employees
D Write Checks
Question #18
A Insure the debits equal credits
B Detect errors
C Pay bills
D None of the choices are correct
Question #19
A Records an expense (credit) and the obligation to pay later (debit)
B Records an expense (debit) and the obligation to pay later (credit)
C Reduces the liability (debit) and the checking account (credit)
D Reduces the liability (credit) and the checking account (debit)
Question #20
A None of the choices are correct
B Reconciled
C Debited
D Credited
Question #21
A Interest earned is subtracted
B All of the choices are correct
C All deposits listed on the bank statement are selected as cleared in the Reconcile window
D Service charges are added
Question #22
A Lists all accounts and their account numbers
B Keeps track of company deposits only
C Records payments and deposits to the Checking account
D Is located directly on the Company section of the Home Page
Question #23
A Receive bills
B Enter bills
C Receive payments
D Pay sales tax
Question #24
A Create invoices
B Receive payments
C Create estimates
D Receive inventory
Question #25
A Pay employees
B Make deposit
C Pay bills
D Enter bills
Question #26
A Pay Bills
B Purchase Order
C Check
D Invoice
Question #27
A Onscreen forms and QuickBooks reports
B Onscreen Journal and onscreen forms
C None of the choices are correct
D Onscreen Journal and QuickBooks reports
Question #28
A Enter Bills
B Create Invoices
C Write Checks
D Pay Bills
Question #29
A Pay Bills
B Enter Bills
C Enter Credit Card Charges
D Receive Payments
Question #30
A Employees
B Vendors
C Customers
D Banking
Question #31
A Select Navigation Bar > Recurring Transaction List
B Select Lists Menu > Memorized Transaction List
C None of the choices are correct
D Select Company section of the Home Page > Saved Transactions
Question #32
A Repeat transactions
B Memorized transactions
C Saved transactions
D Create icon
Question #33
A Vendor List
B Customer List
C Owner List
D Item List
Question #34
A Purchase Orders Account
B Employee Expense Account
C Accounts Payable Account
D Inventory Account
Question #35
A Owner’s contributions
B All of the choices are correct
C Assets, liabilities and owner’s equity accounts
D Income and expense accounts
Question #36
A Temporary accounts
B Permanent accounts
C Equity accounts
D None of the choices are correct
Question #37
A
B Income Statement accounts
C None of the choices are correct
D All the choices are correct
E Balance Sheet accounts
Question #38
A Company Menu > Set Up Users and Passwords > Set Up Users
B Edit Menu > Preferences > Employees
C Employees > Employee Center
D Company Menu > Company Information
Question #39
A QBB
B QBW
C QBM
D QBX
Question #40
A Vendor
B Banking
C Company
D Customer
Question #41
A Create Invoices
B Create Estimates
C Receive Payments
D Receive Inventory
Question #42
A All of the choices are correct
B Menus
C Icon Bar
D Home Page
Question #43
A Chart of Accounts
B Customers and sales
C Banking
D Vendors and expenses
Question #44
A Create Invoice
B Receive Bill
C Receive Inventory
D Create Purchase Order
Question #45
A Record credit card receipts
B View the Chart of Accounts
C Pay bills
D Enter invoices