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Q1. To enter additional information in journal transactions, you must

Select one:

a.

set up the additional transactions details field for each journal

b.

select the option to track additional transactions details in the System settings screen

c.

select the option to track additional transactions details in the User Preferences settings screen

d.

do nothing, the program automatically allows you to track these details

Q2.

Checklists can be

Select one:

a.

used as end-of-period reminders to complete certain tasks

b.

modified by adding tasks to the lists

c.

modified by removing or editing tasks on the lists

d.

all of the above

Q3.

To modify a checklist task you should

Select one:

a.

choose the edit menu, click checklists and then choose edit

b.

open the checklist, click the task and then click the modify button

c.

select the checklist, click the modify button, click the task and then click edit

d.

you cannot modify checklist tasks

Q4.

Realized Exchange Gain/Loss reports can show whether a business

Select one:

a.

has lost or gained money on foreign transactions because of changes in exchange rates

b.

has entered the exchange rates correctly in transactions

c.

should delay or make payments to foreign suppliers immediately to maximize exchange rate gains

d.

all of the above

Q5.

Creating an Accountants Copy of your data allows your accountant to

Select one:

a.

check your journal transactions and correct your posted entries

b.

create adjusting journal entries that you can add to your data file

c.

start a new fiscal period for your company records

d.

all of the above

Q6.

Checklists should be viewed

Select one:

a.

each time you complete a series of accounting transactions

b.

before you make a backup copy

c.

regularly, at the end of normal business periods

d.

there is no need to view checklists; they are not important

Q7.

When your accountant is working with the Accountants Copy of your data file, you cannot

Select one:

a.

change an account number

b.

start a new fiscal period

c.

enter general journal transactions

d.

make a backup copy of your data file

PLS ANSWER ASAP

Answer & Explanation Solved by verified expert

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