Chapter 13: Multiple Choice Questions - DOC

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					Chapter 13: Multiple Choice Questions

In the space provided, type the letter that best answers each question.

_____1. Sharon’s Service Merchandise charges sales tax to all sales made in:
          a.   Arizona.
          b.   Oregon.
          c.   Washington.
          d.   Georgia.
          e.   None of the above.

_____2. The money that your customers owe to the business is known as:

          a.   Accounts payable.
          b.   Revenue.
          c.   Accounts receivable.
          d.   Cash in bank.
          e.   None of the above.


_____3. Use the following Navigation Bar options to record entries in the Cash
        Receipts Journal:

          a. Customers & Sales; Receive Money, Receive Money from Customer.
          b. Customers & Sales; Customers, Receive Money, View and Edit Payment
             Received.
          c. Vendor & Payments; Customers, Receive Money, Receive Money from
             Customer.
          d. Tasks; Sales/Invoicing.
          e. None of the above.

_____4. Use the following Navigation Bar options to record entries in the Sales
        Journal:

          a.   Maintain/Customers Prospects.
          b.   Customers & Sales; Customers, Set Up Customer Defaults.
          c.   Customers & Sales; Sales Invoices, New Sales Invoice.
          d.   Maintain; Default Information, Customers.
          e.   None of the above.
_____5. The owner(s) of Sharon’s Service Merchandise are:

          a.   Charles Anderson.
          b.   Sharon Walters.
          c.   both a. and b.
          d.   Jane Perin.
          e.   None of the above.
_____6. The sales tax rate is:

          a.   6%.
          b.   7%.
          c.   8%.
          d.   9%.
          e.   None of the above.

_____7. PCA's accounts receivable system allows you to set up all of the following,
        EXCEPT:

          a.   Customers.
          b.   Inventory items.
          c.   Finance charges.
          d.   Vendors.
          e.   None of the above.
_____8. All journal entries made to the Sales Journal are posted to the
        General ledger and to the:

          a.   Accounts payable ledger.
          b.   Customer ledger.
          c.   Job cost ledger.
          d.   Payroll register.
          e.   None of the above.
_____9. The sales tax payable account is:

          a.   Account No. 52000.
          b.   Account No. 53000.
          c.   Account No. 23100.
          d.   Account No. 12000.
          e.   None of the above.
____10. The Customer ID for Angela Peters is:

          a.   AAP001.
          b.   ap001.
          c.   ap002.
          d.   AP002.
          e.   None of the above.

____11. The Cash Account number is shown on which of the following windows:

          a.   Sales/Invoicing.
          b.   Purchases/Receive Inventory.
          c.   Receipts.
          d.   General Journal Entry.
          e.   None of the above.

____12. The account used for hardware sales is:

          a.   Account No. 40000.
          b.   Account No. 40800.
          c.   Account No. 40200.
          d.   Account No. 40400.
          e.   None of the above.

____13. A sales return is also called a/an:
          a.   Credit memo.
          b.   Debit memo.
          c.   Invoice.
          d.   Receipt.
          e.   None of the above.

____14. To back up all of Chapter 13's data, the following file name is used:
          a.   Chapter 13 Begin.
          b.   Chapter 13b.
          c.   Backup.
          d.   Chapter 13.
          e.   None of the above.

____15. The GL Sales Account for wall is:
          a.   Account No. 44200.
          b.   Account No. 44300.
          c.   Account No. 44400.
          d.   Account No. 40200.
e. None of the above.

				
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