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






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






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






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






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






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






7. ____________ __________ monitors the products received from vendors and the money paid to vendors.






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






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






10. The chart of accounts can be divided into departments. When printing certain reports - you can filter or mask the information that appears. In the window below - the "NU" in account 57000-NU is an example of an __________ _________.






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






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






13. 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.






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






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






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






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






18. In the Vendor Defaults menu - Peachtree allows you to customize up to _____ additional fields for maintaining information on your vendors.(spell out your answer)






19. Highest number of accounting periods Peachtree will allow.






20. Highest number of accounting periods Peachtree will allow.






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






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






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






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






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






26. Peachtree allows the use of both numbers and characters in an ___________.






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






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






29. The _______ ________ records income (not cash) when it is earned and expenses when they are incurred - that is - when your vendors bill you not necessarily when you pay them.






30. ________ are not available in Peachtree First Accounting.






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






32. Asterisks (*) - question marks (?) - and plus signs (+) cannot be used in _________.






33. 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.






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






35. Peachtree recommends using ________ posting.






36. Displays Help topics relating to the current window.






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






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






39. To access the default information window for the General Ledger - select ______ Default - Information - General Ledger






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






41. Peachtree recommends using ________ posting.






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






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






44. The _______ ________ records income (not cash) when it is earned and expenses when they are incurred - that is - when your vendors bill you not necessarily when you pay them.






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






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






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






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






49. ________________ field is not available in PFA. (use software abbreviation)






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