These Peachtree multiple-choice questions and their answers will help you strengthen your grip on the subject of Peachtree. You can prepare for an upcoming exam or job interview with these 40 Peachtree MCQs.
So scroll down and start answering.
A. Cash
B. CASH
C. cash
D. Sales
E. All the above
A. True
B. False
A. True
B. False
A. True
B. False
A. Never since this report appears on the screen
B. Immediately after paychecks are printed and filed as a permanent record
C. When there is a payroll issue
D. When there is a new employee
A. True
B. False
A. Initial Entries
B. General Entries
C. Prior Period Adjustments
D. Reposting Entries
A. True
B. False
A. Batch Posting Method
B. Real-Time Posting Method
C. Cash Accounting Method
D. Accrual Accounting Method
A. True
B. False
A. True
B. False
A. True
B. False
A. Yearly Earnings Report
B. Payroll Tax Report
C. Payroll Journal
D. All the above
A. True
B. False
A. Accounts Reconciliation Report
B. Deposits in Transit
C. Outstanding Checks
D. Account Register
E. All the above
A. If there is a positive cash balance
B. If there is enough cash to cover the total disbursements
C. If there is not enough cash to cover the total disbursements
D. All the above
A. True
B. False
A. Quotes
B. Sales Orders
C. Sales/Invoicing
D. Purchase Orders
E. Purchase/Receive Inventory
F. All of the above
A. Stock item
B. Non-stock item
C. Labor
D. Item ID
E. None since all represent inventory item classes
A. Stock items
B. Services
C. Non-stock items
D. Standard labor costs
E. All the above
A. True
B. False
A. Employee information
B. Most recent payroll check number
C. Check date
D. Employee name
E. Check amount
F. All of the above
A. Year-to-date payroll totals are zeroed out on all pay levels
B. Year-to-date payroll totals are not zeroed out on all pay levels
C. 1099 vendor totals are not zeroed out
D. 1099 vendor totals are zeroed out
A. True
B. False
A. True
B. False
A. Changing the depreciation method used
B. Changing the location of the asset
C. Deleting a fixed asset record
D. Changing the description of the asset
A. FIFO
B. LIFO
C. Average Cost
D. All the above
A. Print checks
B. Set up Accounts Payable and vendor defaults
C. Select invoices for payment
D. Add,modify,and delete vendors
A. All outstanding invoices due
B. All outstanding invoices due and the net-to-pay amounts
C. All outstanding invoices due without any discounts
D. Total cash available for paying bills
A. If errors have been corrected to a fixed asset record
B. If there are discrepancies with the fixed assets and depreciation accounts in Peachtree Accounting
C. If a fixed asset is disposed of and not recorded in Peachtree Fixed Assets
D. All the above
A. It is used to sort the asset information
B. It becomes part of the asset's record
C. It is used to determine the depreciation method and life
D. It will affect the conversion date
A. True
B. False
A. True
B. False
A. True
B. False
A. True
B. False
A. The items are received
B. The items on the purchase order are received
C. Under accrual basis accounting,when a payment is entered for the vendor
D. Under cash basis accounting,when a payment is entered for the vendor
A. When the offer is made to a customer.
B. When most of the information needed for an invoiced sale is received.
C. When all of the information needed for an invoiced sale is received.
D. When a quote is accepted by a customer and changed to a sales order.
A. True
B. False
A. True
B. False
A. True
B. False
A. True
B. False
A. True
B. False
A. Stock item
B. Service
C. Non-stock item
D. Labor
A. Accounts Receivable
B. Accounts Payable
C. Payroll
D. Inventory
E. All the above
A. General vendor information only
B. Vendor history only
C. General vendor information,purchase defaults,custom fields,and vendor history
D. General vendor information and purchase defaults