Peach Tree MCQs Questions Answers – Exercise

If we want to show a list of customers in the Sales or Invoicing Customer ID text box, then which of the following 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

Answer – D. All of the above

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

Answer – B. Text fields

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

Answer – C. Employees & Payroll Navigation Center > Employees > View and Edit Employees

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

Answer – A. Inventory & Services Navigation Center and Inventory Adjustments

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 C
E. None of these

Answer – B. Accounts Payable subsidiary ledger

The journal entry when you purchase an 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

Answer – B. Dr. the Inventory account; Cr. the Accounts Payable/Vendor account

You can use the Windows program to display the size of your backup files called
A. Windows Accessories
B. Windows Explorer
C. Scan Disk
D. None of these

Answer – B. Windows Explorer

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. Asset accounts that are linked with employee deductions
D. Only the liability accounts that are linked with employee deductions
E. None of these

Answer – A. The accounts of expense and liability that are related to employee deductions

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

Answer – B. Maintain Inventory Items file

_____ 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

Answer – C. General Journal

Net income of the Income Statement (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

Answer – A. Balance sheet’s capital section

Receivable accounts of Peachtree’s 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

Answer – D. Customer ledgers

Commands which Peachtree automatically selects are called
A. Objects
B. Dialog boxes
C. Defaults
D. Shortcuts
E. None of these

Answer – C. Defaults

To display the balance sheet, one way is to use 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

Answer – A. Reports & Forms > Financial Statements > Standard Financial Statements > Display

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

Answer – B. Income statement

To enter a sales 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

Answer – C. Firstly Customers & Sales Navigation Center, then Sales Invoices, then New Sales Invoice

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

Answer – B. Revenues and expenses over a period of time

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

Answer – C. Employees & Payroll Navigation Center > Employees > View and Edit Employees

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; Cr. Accounts Receivable/Vendor
D. Dr. Accounts Receivable/Customer; Cr. Sales account
E. None of these

Answer – A. Dr. Inventory account; Cr. Accounts Payable/Vendor

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

Answer – D. .ptb

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

Answer – A. Deducted from the employee’s gross pay
Navigation and Interface MCQs

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