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Multiple Choice Quiz
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1

When recording the chart of accounts, the field you use to classify financial statement accounts is called:
A)Account ID.
B)Account description.
C)Active designation.
D)Account type.
E)None of the above.
2

In Peachtree, what is the task called to reconcile the bank statement?
A)Adjustment.
B)Bank service charge.
C)General journal entry.
D)Account reconciliation.
E)None of the above.
3

In Chapter 9, when you record checks and ATM transactions from the check register, they are entered into which task:
A)Receipts.
B)Write Checks.
C)Vendors.
D)General journal entry.
E)None of the above.
4

When recording transactions from the check register, deposits are entered as:
A)Receipts.
B)Payments.
C)Transactions.
D)General journal entry.
E)None of the above.





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