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1. Which G/L accounts go into a Balance Sheet?
A) Asset and liability accounts.
B) Asset, liability, and equity accounts.
C) Accounts marked as Account Types "Sales" and "Expenditure".
D) Accounts marked as Account Type "Sales".
E) Accounts marked as cash accounts.
2. Which elements of a query are optional when you create a query with the Query Wizard?
A) Grouping
B) Table entries
C) Field entries
D) Sorting
E) Conditions
3. Ronnie wishes to add a new expense account to the Chart of Accounts. She would like to place the account in the lowest level of the expenses area. How can she do this?
A) Add the G/L account using the Chart of Accounts window, then use Edit Chart of Accounts to place the account in the appropriate location.
B) Select an account at the same level in the Chart of Accounts window and choose Data -> Add to add the G/L account.
C) Add the G/L account using the Edit Chart of Accounts window, then use the Chart of Accounts window to drag and drop the account to the appropriate location.
D) Use the Edit Chart of Accounts window to add the G/L account at the appropriate location.
4. Bobbie is the CFO of Hughes Oil Drills. He defined a recurring posting for a loan the company got from Bank of America. The posting occurs on the tenth day of each month. Bobbie runs the cash flow report but he cannot see this recurring posting in the report. Why?
A) Bobbie did not flag the recurring posting as Cash-Flow relevant.
B) Bobbie did not flag the 'Display Recurring Postings on Execution' checkbox in the General Settings.
C) The date range Bobbie set for the recurring postings is different from the one he selected in the cash flow report.
D) Bobbie did not include recurring postings in the cash flow report selection screen.
5. When does it make sense to use a posting template?
A) For regularly occurring postings for a fixed duration of time.
B) For frequently occurring postings to a set of accounts with a pre-determined distribution percent among the accounts.
C) For frequently occurring postings to a set of accounts which may differ each time.
D) For regularly occurring postings of fixed amounts to a pre-determined set of accounts.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B,C,D,E | Question # 3 Answer: A,B,C,D | Question # 4 Answer: A,B,C,D | Question # 5 Answer: A,B,C,D |
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