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Multiple Choice Quiz
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1
To make sure you are starting in the correct place in the data, display the:
A)January 1-31 Trial Balance.
B)Adjusted Trial Balance.
C)February1 Trial Balance.
D)December 1-31 Balance Sheet.
E)None of the above.
2
In Chapter 9, all transactions occur in the month of:
A)November.
B)December.
C)January.
D)October.
E)None of the above.
3
Credit card receipts are entered on this window:
A)Invoice.
B)Make vendor payment.
C)Bill.
D)Sales Receipt.
E)None of the above.
4
Use this report to display the accounts receivable balance:
A)A/P Aging Summary.
B)Inventory Valuation Summary.
C)Account 101 Checking Register.
D)A/R Aging Summary.
5
The Home page displays the same Checking account balance (as of a specific date) as the:
A)A/P Aging Summary.
B)Transaction Register.
C)Inventory Valuation Summary.
D)A/R Aging Summary.
E)None of the above.
6
Purchases of inventory from vendors are payable:
A)At the end of the month.
B)Within 15 days.
C)Within 45 days.
D)Within 30 days.
E)None of the above.
7
Payments from customers are due within:
A)30 days.
B)15 days.
C)45 days.
D)60 days.
E)All of the above.
8
Use this window to record vendor payments:
A)Receive Payment #.
B)Transaction report.
C)Accounts Payable register.
D)Bill Payment #.
E)All of the above.
9
Asset values and average costs are shown on this report?
A)A/R Aging Summary.
B)Inventory Valuation Summary.
C)Trial Balance.
D)Journal
E)None of the above.
10
Net income is shown on the following reports:
A)Profit and Loss and Balance Sheet.
B)Profit and Loss and Inventory Valuation Summary.
C)Balance Sheet and A/P Aging Summary.
D)A/P Aging Summary and A/R Aging Summary.
E)None of the above.





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