Multiple Choice

1. When creating a new company, you would choose the

a. Open Company command.

b. New Company command.

c. Update Company command.

d. Restore Company command.

2. The window that appears for creating a new company using the Detailed Start method is

a. New Company Setup.

b. Open Company.

c. EasyStep Interview.

d. Create Company.

3. When setting up a New Company file, you

a. must use the sample Chart of Accounts.

b. may select or deselect the suggested accounts.

c. must build your own Chart of Accounts.

d. must use IRS accounts.

4. The first part of New Company Setup using the EasyStep Interview window is

a. creating the general ledger with opening balances

b. creating the new company file, beginning some setup, enabling some features

c. customizing the company file, updating Lists/Centers, preparing the company file for the accrual basis of accounting

d. creating the Customer Center, Vendor Center, and updating the Item List, including opening balances