Answer True or False to each of the following. 1. To add a customer you click on the Task menu. True/False 2. A list of all the accounts used by a company showing the assigned numbers to each account is called Chart of Accounts. True/False 3. Reports can only be generated for final accounts when using an accounting software package. True/False 4. Under the File Menu, more than one company can be viewed at a time. True/False 5. To add a vendor click on Maintain, add vendor. True/False
Answer True or False to each of the following.
|
1. To add a customer you click on the Task menu. |
True/False |
|
2. A list of all the accounts used by a company showing the assigned numbers to each account is called Chart of Accounts. |
True/False |
|
3. Reports can only be generated for |
True/False |
|
4. Under the File Menu, more than one company can be viewed at a time. |
True/False |
| 5. To add a vendor click on Maintain, add vendor. |
True/False |
Answer True or False to each of the following.
1. A quote can be converted to a sales invoice
2. Most companies use batch posting instead of real-time posting for transactions
3. The Peachtree system can use both the accrual basis and cash basis to record transactions of accounting
4. To set up a new company, you would select the maintain option on the menu bar
5. Accounts descriptions cannot be changed once they have been saved
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The Peachtree system can use both the accurals basis and cash basis to record transactions of accounting true or false
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