Peach Tree MCQs Questions Answers – Exercise 

Peach Tree MCQs Questions Answers – Exercise

1. If we want to show a list of customers in the Sales or Invoicing Customer ID text box, then which of the followings can be used:
A. Click on the right mouse button
B. Type a question mark (?)
C. Click on the magnifying glass icon
D. All of the above

E. None of these

2. Followed by an ellipsis (…) menu choices, are associated with
A. shortcuts.
B. text fields.
C. both a and b
D. Invoicing window.

E. None of these

3. For individual employees make the following selections to set up specific guidelines.
A. Tasks > Select for Payment > select employee
B. Maintain > Default Information > Employees
C. Employees & Payroll Navigation Center > Employees > View and Edit Employees
D. Employee tasks > Employees > Employee Maintenance > make the appropriate selection

E. None of these

4. which of the following selections would you make from the peachtree navigation bar to record the damage if an inventory item is damaged?
A. Inventory & Services Navigation Center and  Inventory Adjustments
B. Inventory & Services Navigation Center and Prices
C. Inventory & Services Navigation Center and Track Packages
D. Inventory & Services Navigation Center and Inventory Count

E. None of these

5. The Vendor Ledger report in peachtree is another name for the
A. Inventory subsidiary ledger.
B. Accounts Payable subsidiary ledger.
C. Accounts Payable open items report.
D. both b and b

E. None of these

6. The journal entry when you purchase inventory stock item is
A. Dr. the Accounts Payable/Vendor account; Cr. the Inventory account.
B. Dr. the Inventory account; Cr. the Accounts Payable/Vendor account.
C. Dr. the Cash account; Cr. the Revenue account.
D. Dr. the Accounts Receivable/Customer account; Cr. the Sales account.

E. None of these

7. you can use the window program to display the size of your backup files called
A. Windows Accessories.
B. Windows Explorer.
C. Scan disk.
D. None of these

8. The company fields tab on the employee default window is for
A. The accounts of expense and liability that are related to employee deductions.
B. liability and expense accounts that are linked with employer deductions.
C. assets accounts that are linked with employee deductions.
D. Only the liability accounts that are linked with employee deductions.

E. None of these

9. Each inventory item’s price in peachtree is stored in the
A. Tasks; Inventory items.
B. Maintain Inventory Items file.
C. both a and b.
D. Maintain Purchase Items file.

E. None of these

10. _____ type of entry is gone marked during transfer money to the Money Market Fund
A. Tasks
B. Payments
C. General Journal
D. both b and c

E. None of these

11. Net income of the Income Statement’s or (net loss) can also be seen on the
A. Balance sheet’s capital section.
B. At the end of the period cash balance.
C. Income statement’s revenue section.
D. Departmental gross profit totals.

E. None of these

12. Receivable accounts of peachtrees account include which of the following?
A. accounts payable subsidiary system.
B. controlling account in the general ledger.
C. sales/invoicing window.
D. customer ledgers.

E. None of these

13. Commands which Peachtree automatically selects are called
A. Objects.
B. Dialog boxes.
C. Defaults.
D. Shortcuts.

E. None of these

14. To display the balance sheet One way is to use for which the menu bar selection?
A. Reports & Forms > Financial Statements > Standard Financial Statements > Display
B. Reports & Forms > Financial Statements > Inventory > Options
C. Reports & Forms > Financial Statements > Print
D. Reports & Forms > Financial Statements > Standard Balance Sheet > OK

E. None of these

15. over a period of time expenses and revenues are shown on the
A. Departmental gross profit report.
B. income statement.
C. Balance sheet.
D. statement of cash flow.

E. All of these

16. To enter a sale invoice on the navigation bar, select one of the following.
A. Firstly Tasks, then Purchases, then Receive Inventory
B. Firstly Customers & Sales Navigation Center, then Sales Invoices, then Set Up Invoice Defaults
C. Firstly Customers & Sales Navigation Center, then Sales Invoices, then New Sales Invoice
D. Firstly Customers & Sales Navigation Center, then Customers, then View and Edit Customers

17. Income statements show the summary of
A. Cash payments and what they were used for.
B. Revenues and expenses over a period of time.
C. The overall change in cash.
D. Cash receipts and where they came from.

18. To look at an employee’s record in Peachtree Which of the following would you select _______?
A. Shortcut > General Journal entry
B. Tasks > Employees The Payroll Entry window
C.Employees & Payroll Navigation Center > Employees > View and Edit Employees
D. None of these

19. Accounts are debited and credited when you purchase inventory on account are _______.
A. Dr. Inventory account; Cr. Accounts Payable/Vendor
B. Dr. Accounts Payable/Vendor; Cr. Expense account
C. Dr. Inventory account, credit Account Receivable/Vendor
D. Dr. Accounts Receivable/Customer; Cr. Sales account

E. None of these

20. For Peachtree backup files the file extension is
A. .pbcx
B. .pbb
C. .pdf
D. .ptb

21. The employee deductions in Peachtree display as negative amounts on the Payroll Entry window because
A.  deducted from the employee’s gross pay.
B. not used to compute the paycheck.
C. added to the paycheck amount.
D. the employer always pays deductions from the paycheck.

E. None of these

Prof. Fazal Rehman Shamil
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