Peachtree Accounting Software

7. When recording vendor information, the _______ window isused to enter this information.

A. Maintain Vendors and Tasks

B. Customer Defaults and Maintain Customers/Sales Reps

C. Vendor Defaults

D. Inventory Item Defaults and Pay Bills

11. Which of the following is an example of a complexformula in Excel?

A. =B6<=B1+3

B. =375*4+200

C. =Revenues – Cost of Goods Sold

D. =SUM(A12:G19)

12. In Peachtree, there are two ways to record entries fromthe transaction register: from the

A. System page, link to synchronize Peachtree.

B. Menu bar or the Navigation Bar.

C. Banking tasks and view reports selections.

D. System Page and Analysis Tools.

16. The default inventory costing method used by Peachtreeis the

A. average.

B. FIFO.

C. straight-line.

D. LIFO.

17. The account credited on the Receipts window

A. irrelevant because the Receipts window doesn't need tohave an account credited.

B. is the GL Account selected.

C. is Account No. 1020, Checking Account.

D. is Account No. 1040, IRA Savings.

18. When you want to create an invoice in Peachtree withoutinventory items, you need to use which of

the following forms?

A. Purchase invoice

B. Service invoice

C. Sales order

D. Sales invoice

19. The account type specified on the chart of accounts isalso the account classification for the

A. general ledger.

B. balance sheet and income statement.

C. general journal.

D. cash receipts journal.