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True or False
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1
To start journal entries on January 1, 2007, select December 1-31, 2006 as the chart of accounts beginning balance period.
A)True.
B)False.
2
Peachtree uses the periodic inventory system, which means inventory items are not updated until the end of the accounting period.
A)True.
B)False.
3
Both selling price and unit cost defaults are set up on the Maintain Inventory Items window.
A)True.
B)False.
4
The form you select for printing checks is tied to the kind of printer you are using. Depending on your printer, you may need to make a different selection when printing forms.
A)True.
B)False.





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