1.

The phase of a computerized accounting system where day-to-day transactions are entered into the system is called

a. New Company Setup.

b. Lists/Centers.

c. Activities.

d. Reports. 2.

Which is not a method of determining which edition of QuickBooks is open

a. No Company Open window.

b. Title bar.

c. Select QuickBooks Industry-Specific window.

d. Help menu.

3.

In the Enter Bills window, the system default general ledger account is

a. Accounts Receivable.

b. Cash-Operating.

c. Accounts Payable.

d. Cost of Goods Sold.

4.

25. In the Receive Payments window the default general ledger accounts are

a. Accounts Receivable/Sales.

b. Cash-Operating/Sales.

c. Accounts Payable/Cash-Operating.

d. Cash-Operating/Accounts Receivable.