Computerized Accounting With

PEACHTREE COMPLETE ACCOUNTING 2012

CHAPTER 1 QUIZ
MULTIPLE CHOICE QUESTIONS:
1.

Accounting is the process of _____ financial activities.

a. recording
b. summarizing
c. analyzing
d. interpreting
e. All of the above

2.

Accounting is often called the language of _____.

a. finance
b. management
c. business
d. recordkeeping

3.

Which option from the Menu bar would you use to enter transactions of all types
in the general journal and the special journals?
a. File
b. Lists
c. Maintain
d. Tasks

4.

Which option from the Menu bar would you use to create and update the chart of
accounts and accounts for customers, vendors, and inventory items?
a. Edit
b. File
c. Maintain
d. Tasks

5.

To protect financial data from accidental loss, a company should periodically do

what to its company file?
a. Back up
b. Post
c. Restore
d. Select Import/Export

6.

Which Peachtree feature is used to reset a companys financial information to a

previous condition?
a. Back up
b. Post
c. Restore
d. Open

Paradigm Publishing, Inc.

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MATCHING QUESTIONS:
A.
B.
C.
D.
E.
F.

back up
analyzing
Business Status
navigation bar
recording
summarizing

1. Displays a variety of business information, including account balances, revenue

amounts, customer balances, vendor balances, business reports and graphs which
provide a picture of the companys overall financial performance
2. The process of creating a written record of the financial events of a company
3. The process of organizing the financial data of a company into reports at regular
intervals
4. The process of examining the reports to determine financial success or failure
5. Used to navigate through Peachtreeincludes items such as Business Status,
Customers & Sales, Vendors & Purchases, Inventory & Services, Employees &
Payroll, Banking, and System
6. Used to protect against the accidental loss of company information

Paradigm Publishing, Inc.

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