Test your basic knowledge |

Peachtree Accounting

Subject : it-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. ________________ field is not available in PFA. (use software abbreviation)






2. Peachtree recommends using ________ posting.






3. The _________ _________ is an account in your General Ledger used by Peachtree to store rounding differences on Financial Statements.






4. This button is available on most Peachtree windows. Help topics relating to the current window appear when you click the button.






5. This button is available on most Peachtree windows. Help topics relating to the current window appear when you click the button.






6. The ________ _________ window is used to enter and update budget information for accounts.






7. Displays Help topics relating to the current window.






8. Displays Help topics relating to the current window.






9. ___________ Options are not available in __________. (use software abbreviation)






10. You can/cannot change Accounting Methods once New Company Setup is complete.






11. All companies to be consolidated must have the same _______ _______ ________ - as well as the same __________ ___________.






12. Peachtree allows __________ fiscal years to be open at a time. (spell out the answer)






13. Highest number of accounting periods Peachtree will allow.






14. PPA (and above) allows you to track _________. (use software abbreviation)






15. If you choose ______ posting - you must post the journals before the General Ledger will be updated.






16. Once the new company has been created - you can select this menu selection at any time to review or update the information entered on this window.






17. You cannot change _________ once New Company Setup is complete.






18. In the General Ledger Defaults on the tab __________ ___________ - you can create or change segments for your chart of accounts ID.






19. Peachtree recommends using ________ posting.






20. After the company is created - you can change the current period at any time by selecting Tasks>System>_________________ from the menu bar.






21. General Ledger defaults are/aren't available in Peachtree First Accounting.


22. The total length of the account number - including separators - can be up to ___ characters - and Peachtree will display the structure of the ID on the right side of the window.






23. When you use _________ posting - transactions update the General Ledger when they are saved.






24. Guides you through entering the company address - telephone numbers - tax ID numbers - and business type.






25. You can/cannot change Accounting Methods once New Company Setup is complete.






26. All companies to be consolidated must have the same _______ _______ ________ - as well as the same __________ ___________.






27. PPA offers you the ________ feature - which allows you to segment your chart of accounts and filter reports using drop-down selection lists rather than the masking method using the asterisk. (use software abbreviation )






28. Lists all Help options available in the program. The various topics are categorized in the Contents and Index options.






29. At the end of the second fiscal year - you ________ the first fiscal year to make the next fiscal year available.






30. Lists all Help options available in the program. The various topics are categorized in the Contents and Index options.






31. If you want to change the account segmentation later - you can do so in _______ ________ _______ on the _______ ________ tab






32. Information about your vendors is entered through the _________ _________ window.






33. The _________ __________ records income when cash is received and expenses when they are paid.






34. For example - if transactions will be entered in Peachtree starting in June - the account beginning balances should be entered as of the end of ______.






35. You cannot change _________ once New Company Setup is complete.






36. The posting method can be changed at any time by selecting ________ _________ from the Maintain menu.






37. The posting method can be changed at any time by selecting ________ _________ from the Maintain menu.






38. ________ are not available in Peachtree First Accounting.






39. Once the new company has been created - you can select this menu selection at any time to review or update the information entered on this window.






40. These appear when you pass the cursor over buttons in the toolbars. They tell you what the button is for.






41. Highest number of accounting periods Peachtree will allow.






42. Typically - the _________ ___________ account is for the Rounding Account.






43. After one or more transactions have been posted - Peachtree records account beginning balances as __________.






44. __________ are not permitted in an account ID. However - spaces between characters are allowed.






45. These appear when you pass the cursor over buttons in the toolbars. They tell you what the button is for.






46. Peachtree allows __________ fiscal years to be open at a time. (spell out the answer)






47. The total length of the account number - including separators - can be up to ___ characters - and Peachtree will display the structure of the ID on the right side of the window.






48. The _________ __________ records income when cash is received and expenses when they are paid.






49. At the end of the second fiscal year - you ________ the first fiscal year to make the next fiscal year available.






50. Guides you through entering the company address - telephone numbers - tax ID numbers - and business type.