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1. All of the following are internal controls features in PCA except:

Setting up user names, passwords, and access rights

Backing up files on a weekly basis

Limit access to information in pcas navigation centers

Audit trail reports that show what each user entered

2. A sales invoice is:

Posted as a debit to accounts receivable and credit to sales

Posted as a debit to accounts receivable and credit to accounts payable

Posted as a debit to accounts receivable and credit to cash

Not posted

3. To record a Job ID, what selections do you need to make from the following?

Tasks; Maintain; Employees, New Job

Customers & Sales; Jobs, New Job

Vendors & Purchases; Jobs, New Job

Tasks; Job ID

3. A customer payment on an invoice will be posted as:

A credit to accounts receivable and debit to sales

A debit to accounts receivable and credit to sales

A credit to accounts receivable and debit to cash

A debit to accounts receivable and credit to cash

4. To transfer money to the Money Market Fund, which of the following type of entry would you make?

General Journal

Payments

Receipts

Tasks

5. On the Navigation Bar, which the following selections would you make to set up an inventory item?

Inventory & Services Navigation Center, click on the Assemblies icon and select Build New Assemblies

Inventory & Services Navigation Center, click on the Inventory Items icon and select New Inventory Item

Vendors and Purchases Navigation Center, click on the Vendors icon and select View and Edit Vendors

Inventory & Services Navigation Center, click on the Receive Inventory icon and select View and Edit Purchases

6. On the Navigation Bar, what would you select to apply the sale of an irrigation system to the Franklin Botanical Gardens job?

Customers & Sales Navigation Center, click on the Sales Invoices icon and select New Sales Invoice

Customers & Sales Navigation Center, click on the Sales Invoices icon and select View and Edit Sales Invoices

Vendor & Purchases Navigation Center, click on Purchase Orders and select new Purchase Order

Customers & Sales Navigation Center, click on the Jobs icon and select New Jobs

7. On the Navigation Bar, what selections would you make to apply the purchase of the special wood treatment?

Customer & Sales Navigation Center, click on the Sales Invoices icon and select New Sales Invoice

Vendors & Purchases Navigation Center, click on the Enter Bills icon and select New Bill

Vendors & Purchases Navigation Center, click on the Purchase Orders icon and select New Purchase Order

Vendors & Purchases Navigation Center, click on the Vendors icon and select New Vendor

8. In Peachtree, what are the steps to print the trial balance report from the main menu?

Reports & Forms>>General Ledger>>General Ledger Trial Balance

Reports & Forms>>General Ledger

General Ledger Trial Balance

General Ledger>>General Ledger Trial Balance

9. The report used to trace fraudulent activity is called:

Audit Trail Report

General Ledger

Fraudulent Activity Report

Accounting Errors Report

10. The inventory item class used to indicate how time is spent when performing services for a customer is called the:

Stock item

Description item

Assembly item

Activity item

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91394960

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