DEVRY ACCT 251 Week 3 Quiz .pdf
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DEVRY ACCT 251 Week 3 Quiz
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TCO 1) The name of the sample company or companies included in the Peachtree
Complete Accounting 2010 software is/are:
Pavilion Garden Supply.
Bellwether Garden Supply and Stone Arbor Landscaping.
Berkeley Custom Pools & Spas.
Stone Arbor Landscaping.
Fabrikam, Inc. and Northwind Traders.
Question 2. Question :
(TCO 1) To display the size of your backup file, you can use the Windows program
Question 3. Question :
(TCO 1) The Options menu has selections that allow the user to:
check global settings and define an Internet connection.
enter journal entries.
post to the general ledger.
Question 4. Question :
(TCO 2) In the computer accounting cycle, the following report is not included:
adjusted trial balance.
unadjusted trial balance.
statement of cash flow.
Question 5. Question :
(TCO 6) The customer ID for Teesdale Real Estate is:
Question 6. Question :
(TCO 6) On the Navigation Bar, make the following selections to enter a sales invoice:
Customers & Sales page; click on the Customers icon and select View and Edit
Customers & Sales page; click on the Sales Invoices icon and select Set Up Invoice
Tasks; Purchases/Receive Inventory.
Customers & Sales page; click on the Sales Invoices icon and select New Sales Invoice.
Inventory & Services page; click on the Invoice icon, select View and Edit Invoices.
Question 7. Question :
(TCO 6) The standard sales discount, in terms of number of days, for Bellwether
Garden Supply is:
no sales discount is offered.
a discount if balance is paid in full within 10 days.
a discount if balance is paid in full within 15 days.
a discount if balance is paid in full within 20 days.
a discount if balance is paid in full within 25 days.
Question 8. Question :
(TCO 7) On the Navigation Bar, make the following selections to make a general
Company page; click on the Chart of Accounts icon and select View and Edit Accounts.
Company page; link to General Journal Entry.
Banking page; click on the Write Checks icon and select New Check.
Company page; link to Restore a backup and click on the General Journal Entry icon.
Maintain; select General Journal record.
Question 9. Question :
(TCO 7) To transfer money to the money market fund, make the following type of
Question 10. Question :
(TCO 7) If your GL Account columns and A/P Account field are not displayed on the
Purchases/Receive Inventory window, you need to:
check the Tasks windows.
check the maintenance menus.
click on Options; Global; uncheck the three boxes in the Hide General Ledger
reset the defaults in the Accounting Behind the Screens selection.
do nothing; Accounting Behind the Screens cannot be changed.
Question 11. Question :
(TCO 9) The contact name for the vendor Anderson’s Landscaping is:
Question 12. Question :
(TCO 9) The purchase account for Anderson’s Landscaping is:
57200, Materials Cost.
57000, Direct Labor.
57000 – LS, Direct Labor – Landscaping.
57200 – LS, Materials Cost – Landscaping.
14700, Other Current Assets.
Question 13. Question :
(TCO 9) The following accounts are debited and credited when you purchase
inventory on account:
Dr. Inventory account; Cr. Accounts Receivable/Vendor.
Dr. Accounts Payable/Vendor; Cr. Expense account.
Dr. Inventory account; Cr. Accounts Payable/Vendor.
Dr. Accounts Receivable/Customer; Cr. Sales account.
Dr. Accounts Payable/Vendor; Cr. Inventory account.
Question 14. Question :
(TCO 10) To set up specific guidelines for individual employees, make these
Employee tasks; click Employees, Employee Maintenance, make appropriate
Tasks; Select for Payment, select Employee.
Maintain; Default Information, Employees.
Employees & Payroll page, click Employees, View and Edit Employees.
Tasks; Payroll for one employee.
Question 15. Question :
(TCO 10) To look at an employee’s record, display this window:
Payroll Entry window.
Maintain Employees & Sales Reps.
Company; General Journal entry.
Employees & Tasks page; click Employees.
Question 16. Question :
(TCO 10) On the Employee Defaults window, the Employee Fields tab is for:
liability accounts that are related to employee deductions.
assets accounts that are related to employee deductions.
expense accounts that are related to employee deductions.
lability accounts that are related to employer deductions.
expense accounts that are deducted from liabilities.