Site icon T4Tutorials.com

Creating and managing vendor records MCQs on Peach Tree

  1. Which Peachtree menu option is used to create a new vendor record?
    a) Vendors & Payments
    b) Accounts Payable
    c) Vendor List
    d) Purchase Orders
    Answer: c) Vendor List
  2. When setting up a new vendor in Peachtree, which of the following details is NOT typically required?
    a) Vendor name
    b) Vendor address
    c) Product categories
    d) Payment terms
    Answer: c) Product categories
  3. How can you update the contact information for an existing vendor in Peachtree?
    a) Edit the vendor details in the Vendor List
    b) Use the Accounts Payable module to make changes
    c) Create a new purchase order with updated details
    d) Adjust the vendor record in the Purchase Receipts section
    Answer: a) Edit the vendor details in the Vendor List
  4. Which Peachtree feature allows you to set up payment terms for a vendor?
    a) Vendor Setup
    b) Purchase Orders
    c) Accounts Payable Settings
    d) Vendor Payments
    Answer: a) Vendor Setup
  5. To assign a default payment method to a vendor, which option should you use?
    a) Vendor Setup
    b) Vendor Payments
    c) Accounts Payable
    d) Purchase Orders
    Answer: a) Vendor Setup
  6. How do you view a summary of transactions for a specific vendor in Peachtree?
    a) Use the Vendor History report
    b) Access the Vendor List and select the vendor
    c) Review the Purchase Orders section
    d) Check the Accounts Payable report
    Answer: a) Use the Vendor History report
  7. What action should you take to merge duplicate vendor records in Peachtree?
    a) Use the Merge Vendor Records feature
    b) Delete the duplicate records manually
    c) Combine details in the Vendor Setup section
    d) Adjust the records in the Purchase Orders module
    Answer: a) Use the Merge Vendor Records feature
  8. Which Peachtree feature helps you manage and track vendor contact information?
    a) Vendor Setup
    b) Accounts Payable
    c) Purchase Orders
    d) Vendor Payments
    Answer: a) Vendor Setup
  9. To set up vendor default accounts for expenses, which Peachtree feature should you use?
    a) Vendor Setup
    b) Expense Accounts
    c) Purchase Orders
    d) Accounts Payable Settings
    Answer: a) Vendor Setup
  10. How can you deactivate a vendor record that is no longer used?
    a) Set the vendor status to inactive in the Vendor List
    b) Delete the vendor record from the system
    c) Remove all transactions associated with the vendor
    d) Archive the vendor information in the Accounts Payable module
    Answer: a) Set the vendor status to inactive in the Vendor List

More MCQs on Peachtree

Exit mobile version