Multiple choice:

1. Any report can be redesigned by viewing the report and clicking the:

a. Options icon

b. Setup icon

c. Design icon

d. Recreate icon

. 2. In Peachtree, the Receipts window is also known as the:

a. Sales journal

b. Cash receipts journal

c. Purchase journal

d. Cash disbursements journal

3. The Statement of Retained Earnings begins with the beginning balance followed by:

a. Plus net Income (loss) plus adjustments to date

b. Plus net Income (loss) plus investments

c. Plus investments less dividends

d. Plus investments plus net Income (loss. Less dividends

4. The income statement is a summary of:

a. Cash receipts and where they came from.

b. Cash payments and what they were used for

c. The overall change in cash

d. Revenues and expenses over a period of time

5. You enter all checks, cash and credit card sales in the:

a. Sales Receipts window

b. Receive Money window

c. Payments window

d.General Journal Entry window

6. Cash associated with the purchase of land would be reported in the statement of cash flows under the:

a. Operating activities section

b. Financing activities section

c. Investing activities section

d. A separate schedule

7. In this method of posting, the transactions you enter are saved in a temporary holding area where you can review them before posting to the general ledger:

a. Batch posting

b. Real-time posting

c. Cash basis posting

d. Accrual basis posting

8. The Sales/Invoicing window is also known as the:

a. Purchase journal

b. Cash receipts journal

c. Sales journal

d. Cash disbursements journal

9. When you print or display a report, you can filter the departmentalized report using ____________________________ characters:

a. A prefix

b. Wildcard

c. Hexadecimal

d. Text-based

10. The report listing outstanding vendor bills by age of the bill is called the:

a. Aged Payables report b. Cash Disbursements Journal

c. Cash Requirements report

d. Items Purchased from Vendors report