1. Sales income is recognized in general ledger accounts when posting a:
Sales order
Sales quote
Sales invoice
Purchase order
2. To display the Job Profitability Report, what would you select from the menubar?
Reports & Forms; Payroll Reports, Job Profitability Report, Preview
Reports & Forms; Jobs, Job Profitability Report, Display
Reports & Forms; Jobs, Job Lists, Preview
Reports & Forms; Payroll, Jobs Profitability Report, Display
3. When an inventory item is assigned to the item class of Stock, what is the treatment of cost of goods sold?
Does not post at the time of invoicing
Posts at the time of invoicing
Posts at the time of ordering
Posts at the time of quoting
4. You need to set up a Job ID for Franklin Botanical Gardens in Chapter 6, so that you can track:
The employees' expenses and miles driven to the job
How much the merchandise cost
How much the merchandise sold for
The supplies and employee hours charged to this customer
5. If an inventory item is damaged, what would you select from the following selections on the Navigation Bar to record the damage:
Inventory & Services Navigation Center, click on the Prices icon
Inventory & Services Navigation Center, click on the Inventory Count icon
Inventory & Services Navigation Center, click on the Inventory Adjustments icon
Inventory & Services Navigation Center, click on the Track Packages icon
6. The purchase of inventory on account is recorded as a:
Debit to Inventory, credit to Accounts Payable
Debit to Accounts Payable, credit to Inventory
Debit to Inventory, credit to Accounts Receivable
None of the above
7. On the Navigation Bar, which of the following selections would make a general journal entry?
Inventory & Services Navigation Center, click on the Chart of Accounts icon and select View and Edit Accounts
Banking Navigation Center, link to General Journal Entry, select New General Journal Entry
Banking Navigation Center, click on the Write Checks icon and select New Check
System Navigation Center, link to Restore a backup and click on the General Journal Entry icon.
8. You can open the General Journal Entry window by clicking:
General Journal Entry under Shortcuts
Tasks>>General Journal Entry on the main menu
File>>Open>>General Journal Entries on the main menu
Both A and B
9. After entering a transaction in the General Journal Entry window, you post the transaction by clicking the icon named:
Save
Post
Recur
Keep
10. All of the following are internal controls features in PCA except:
Setting up user names, passwords, and access rights
Backing up files on a weekly basis
Limit access to information in pcas navigation centers
Audit trail reports that show what each user entered