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