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Accounting
MULTIPLE CHOICE 1. The first level of a computerized accounting system, which involves recording the company name, address, identification numbers, fiscal periods, accounts, and balances, is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 2. The order of operations in QuickBooks is a. Activities, Reports, New Company Setup, Lists/Centers. b. New Company Setup, Lists/Centers, Activities, Reports. c. Updating Lists/Centers, New Company Setup, Activities, Reports. d. Reports, New Company Setup, Activities, Updating Lists/Centers. 3. The phase of a computerized accounting system in which day-to-day transactions are entered into the system is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 4. is the process of recording, summarizing, and presenting the financial information of a company. a. Reconciling b. Accounting c. Financing d. All of the choices are correct. 5. In the No Company Open window, the choices include a. Create a new company, Open or restore an existing company, and Open a sample file. b. Create a new company, Open an existing company, and Back up a company file. c. Create a new company, Delete an existing company, and Edit an existing company. d. Create a new company, Restore an existing company, and Back up a company file. 6. Which is not a version of the QuickBooks software? a. QuickBooks Pro b. QuickBooks Premier c. QuickBooks Enterprise Solutions d. QuickBooks Consolidation Solutions 7. What file extension is automatically assigned to the working copy of a company file in QuickBooks? a. .QBR b. .QBW c. .QBN d. QBB 1

MULTIPLE CHOICE 1. The first level of a computerized accounting system, which involves recording the company name, address, identification numbers, fiscal periods, accounts, and balances, is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 2. The order of operations in QuickBooks is a. Activities, Reports, New Company Setup, Lists/Centers. b. New Company Setup, Lists/Centers, Activities, Reports. c. Updating Lists/Centers, New Company Setup, Activities, Reports. d. Reports, New Company Setup, Activities, Updating Lists/Centers. 3. The phase of a computerized accounting system in which day-to-day transactions are entered into the system is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 4. is the process of recording, summarizing, and presenting the financial information of a company. a. Reconciling b. Accounting c. Financing d. All of the choices are correct. 5. In the No Company Open window, the choices include a. Create a new company, Open or restore an existing company, and Open a sample file. b. Create a new company, Open an existing company, and Back up a company file. c. Create a new company, Delete an existing company, and Edit an existing company. d. Create a new company, Restore an existing company, and Back up a company file. 6. Which is not a version of the QuickBooks software? a. QuickBooks Pro b. QuickBooks Premier c. QuickBooks Enterprise Solutions d. QuickBooks Consolidation Solutions 7. What file extension is automatically assigned to the working copy of a company file in QuickBooks? a. .QBR b. .QBW c. .QBN d. QBB 1

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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MULTIPLE CHOICE 1. The first level of a computerized accounting system, which involves recording the company name, address, identification numbers, fiscal periods, accounts, and balances, is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 2. The order of operations in QuickBooks is a. Activities, Reports, New Company Setup, Lists/Centers. b. New Company Setup, Lists/Centers, Activities, Reports. c. Updating Lists/Centers, New Company Setup, Activities, Reports. d. Reports, New Company Setup, Activities, Updating Lists/Centers. 3. The phase of a computerized accounting system in which day-to-day transactions are entered into the system is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 4. is the process of recording, summarizing, and presenting the financial information of a company. a. Reconciling b. Accounting c. Financing d. All of the choices are correct. 5. In the No Company Open window, the choices include a. Create a new company, Open or restore an existing company, and Open a sample file. b. Create a new company, Open an existing company, and Back up a company file. c. Create a new company, Delete an existing company, and Edit an existing company. d. Create a new company, Restore an existing company, and Back up a company file. 6. Which is not a version of the QuickBooks software? a. QuickBooks Pro b. QuickBooks Premier c. QuickBooks Enterprise Solutions d. QuickBooks Consolidation Solutions 7. What file extension is automatically assigned to the working copy of a company file in QuickBooks? a. .QBR b. .QBW c. .QBN d. QBB 1
Transcribed Image Text:MULTIPLE CHOICE 1. The first level of a computerized accounting system, which involves recording the company name, address, identification numbers, fiscal periods, accounts, and balances, is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 2. The order of operations in QuickBooks is a. Activities, Reports, New Company Setup, Lists/Centers. b. New Company Setup, Lists/Centers, Activities, Reports. c. Updating Lists/Centers, New Company Setup, Activities, Reports. d. Reports, New Company Setup, Activities, Updating Lists/Centers. 3. The phase of a computerized accounting system in which day-to-day transactions are entered into the system is called a. New Company Setup. b. Lists/Centers. c. Activities. d. Reports. 4. is the process of recording, summarizing, and presenting the financial information of a company. a. Reconciling b. Accounting c. Financing d. All of the choices are correct. 5. In the No Company Open window, the choices include a. Create a new company, Open or restore an existing company, and Open a sample file. b. Create a new company, Open an existing company, and Back up a company file. c. Create a new company, Delete an existing company, and Edit an existing company. d. Create a new company, Restore an existing company, and Back up a company file. 6. Which is not a version of the QuickBooks software? a. QuickBooks Pro b. QuickBooks Premier c. QuickBooks Enterprise Solutions d. QuickBooks Consolidation Solutions 7. What file extension is automatically assigned to the working copy of a company file in QuickBooks? a. .QBR b. .QBW c. .QBN d. QBB 1
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