Chapters 1- 3 Questions and Solutions

Topics: Accounts receivable, Accounting software / Pages: 3 (612 words) / Published: Feb 13th, 2014
ACCT 1150

Chapter 1 End of Chapter Questions

1. True
2. True
3. False
4. False
5. False
6. False
7. True
8. True
9. True
10. False

Multiple Choice
1. C. qbw
2. B. Chart of Accounts
3. A. Are keyboard command shortcuts
4. A. Give commands to QuickBooks
5. B. An adding machine tape
6. A. Allows you to give commands to QuickBooks according to the type of transaction being entered
7. B. A picture
8. B. Help
9. D. A backup file
10. The title bar

1. Whether you are using a manual or computerized accounting system, transactions must still be ANALYZED, RECORDED IN A JOURNAL, and POSTED TO A LEDGER.
2. The FILE MENU is used to open and close a company and may also be used to exit QuickBooks.
3. The name of the company file in use is displayed on the TILTE BAR.
4. In QuickBooks you may change the company name by clicking Company Information on the COMPANY MENU.
5. The MENUS BAR organizes tasks into logical groups (vendors, customers employees, company, and banking).

Short Essay

It is important to back up data just in case something happens to the original data and it is unable to be retrieved. If the original data is lost or damaged having a backup will ensure that the information in QuickBooks is still available.

Chapter 2 Questions

1. True
2. True
3. False
4. False
5. True
6. True
7. True
8. True
9. False
10. True

Multiple Choice

1. B. Deleted
2. C. Sales Receipt
3. D Customers and items
4. D. All of the above
5. A. QuickZoom
6. A. Cash or checks not yet deposited in the bank
7. B. Sales
8. C. At any time
9. D. Sales reports
10. A. Complete information for a customer

Fill In
1. The report used to view only the balances on account of each customer is the QUICKREPORT.
2. The form prepared to show a reduction to a sale on account is a RECEIVED PAYMENTS
3. The form that proves debits equal credits is the TRIAL BALANCE.
4. QuickBooks shows icons on the

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