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