Recording purchase orders and bills MCQs on Peach Tree

By: Prof. Dr. Fazal Rehman | Last updated: August 1, 2024

1. Which Peachtree feature is used to create a purchase order?
   a) Purchase Orders
   b) Bills
   c) Vendor Setup
   d) Purchase Receipts
   Answer: a) Purchase Orders
2. When you receive goods or services and need to record them, which Peachtree document should you use?
   a) Purchase Receipt
   b) Bill
   c) Purchase Order
   d) Vendor Payment
   Answer: a) Purchase Receipt
3. What information is typically required when entering a bill from a vendor in Peachtree?
   a) Vendor name, bill amount, date, and account details
   b) Purchase order number, item description, and quantity
   c) Vendor name, purchase order number, and item cost
   d) Bill number, payment terms, and delivery date
   Answer: a) Vendor name, bill amount, date, and account details
4. How can you link a purchase order to a bill in Peachtree?
   a) Use the ‘Link to Purchase Order’ option when recording the bill
   b) Enter the purchase order number in the bill details
   c) Attach the purchase order to the bill manually
   d) Record the bill under the same purchase order entry
   Answer: a) Use the ‘Link to Purchase Order’ option when recording the bill
5. Which Peachtree feature allows you to adjust quantities and costs after recording a purchase order?
   a) Purchase Receipts
   b) Inventory Adjustments
   c) Bills
   d) Vendor Payments
   Answer: a) Purchase Receipts
6. To review all recorded bills and their statuses, which Peachtree report should you use?
   a) Accounts Payable Report
   b) Purchase Orders Report
   c) Vendor Activity Report
   d) Bills and Adjustments Report
   Answer: a) Accounts Payable Report
7. What should you do if you need to correct an error in a recorded bill?
   a) Edit the bill details and save the changes
   b) Create a new bill to correct the error and delete the old one
   c) Use the Adjust Bill feature to make corrections
   d) Void the bill and re-enter it with the correct details
   Answer: d) Void the bill and re-enter it with the correct details
8. How do you handle a partial shipment recorded on a purchase order?
   a) Record the partial shipment with a purchase receipt and adjust remaining quantities later
   b) Update the purchase order to reflect the received quantity
   c) Create a new purchase order for the remaining items
   d) Adjust the original purchase order to match the partial shipment
   Answer: a) Record the partial shipment with a purchase receipt and adjust remaining quantities later
9. Which Peachtree feature enables you to track the status of unpaid bills?
   a) Accounts Payable
   b) Purchase Orders
   c) Vendor Payments
   d) Bill Tracking
   Answer: a) Accounts Payable
10. To view a detailed history of purchase orders and bills, which report should you generate?
    a) Purchase History Report
    b) Vendor Transactions Report
    c) Inventory Transactions Report
    d) Bill Summary Report
    Answer: a) Purchase History Report

More MCQs on Peachtree

• Main navigation areas (e.g., Customers & Sales, Inventory & Services)
• Using menus and icons
• Accessing and customizing reports
• Customer and Sales Management MCQs
  • Creating and managing customer records
  • Processing sales invoices
  • Handling sales returns and adjustments
• Inventory Management MCQs
  • Setting up and maintaining inventory items
  • Recording inventory purchases and adjustments
  • Tracking inventory levels and costs
• Vendor and Purchasing MCQs
  • Creating and managing vendor records
  • Recording purchase orders and bills
  • Handling vendor payments and adjustments
• Accounts Payable and Receivable MCQs
  • Managing accounts payable (AP) and accounts receivable (AR)
  • Generating and paying bills
  • Invoicing customers and receiving payments
• General Ledger and Journal Entries MCQs
  • Understanding the general ledger structure
  • Recording and adjusting journal entries
  • Managing and reconciling accounts
• Payroll and Employee Management MCQs
  • Setting up employee records
  • Processing payroll and employee deductions
  • Handling employee benefits and taxes
• Financial Statements and Reports MCQs:
  • Generating and interpreting financial statements (e.g., Balance Sheet, Income Statement)
  • Customizing and analyzing reports
  • Understanding key financial metrics
• Backup and Data Management MCQs
  • Performing and restoring backups
  • Managing data integrity and security
  • Handling data migrations and updates
• System Configuration and Setup MCQs
  • Setting up company information and preferences
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  • Configuring system settings and user permissions
• Troubleshooting and Support MCQs
  • Common issues and solutions
  • Accessing help resources and support
  • Performing basic troubleshooting steps
• Integration and Advanced Features MCQs
  • Integrating with other software or systems
  • Using advanced features like job costing or project management
  • Exploring additional modules or functionalities MCQs