11. System data option is available in _____ A. Task B. Option C. Global D. List 12.

______ option is used in case if the cheque bounce or dishonored A. writes check B. payment C. purchase D. void check 13. _____ is used when you purchased inventory or warrant A. assembly item B. master stack item C. specialized stock item 14. Price level in Peachtree is _____ A. selling price B. purchase price C. cost price D. bargaining 15. The account type for cost of inventory being sold is called_____ A. cost of goods sold B. cost of sale C. cost of inventory D. cost 16. ______ is the QTY you generally purchases, when you order the inventory item A. min QTY B. max QTY C. recorder Qty 17. Backup option is available in _____ menu A. file B. edit C. view D. task

18. Stuff is made up of other stuff, Peachtree called the pieces _____ a. assemblies B. components C. bills of materials 19. COD stands for ______ A. cash of dual entry B. customer of department C. cash on delivery D. none of above 20. Peachtree is developed by ____A. intuit B. oracle c. Microsoft D. sage 21. From development of Peachtree, how many versions of Peachtree have been released? A. five B. four c. Three d. Two 22. Equipment and machinery should come under _____ account type of in Peachtree A. asset B. fixed asset C. cash D. expense 23. To do list is available in ______ menu A. task B. global C. list D. file 24. The item class for an inventory, which is recorded and tracked for quantities, average cost and vendor, is called _____ A. stock item B. master stock item C. change item D. services

25. The record of inventory in Peachtree can be created and maintained using ______ A. list B. maintain C. task D. file 26. The list of parts when maintain assemblies in preach tree is called A. assemblies B. components C. builds D. bill of materials 27. Which GL source of account is used for adjustment cost of inventory? A. cost of sale B. inventory C. purchase D. sale 28. In Peachtree, the sales tax account would come under A. accounts payable B. other current lib C. current assets D. equity 29. The short cut key to save or post the financial transaction is a. F5 b. Alt + F5 c. Ctrl + F5 d. F6 30. The person who may become your customer in very near future is called A. customer B. client C. supplier D. prospect 31. The _____ menu is used to enter invoices, pay vendor and make adjustment A. maintain B. task C. file D. analysis

32. The account type of money available at bank is ______ A. bank B. deposit C. cash D. checks 33. _______ menu is used to print financial statements & form A. reports B. financial statements C. forms & reports D. edit 34. The account type of stock held for resell is ____ in Peachtree A. stock B. inventory C. merchandise D. other current assets 35. Chart of account can be maintained without an ID A. True B. False 36. Is there any facility in Peachtree for users setup password? A. Yes B. No 37. SKU means _______ A. stock keeping unit B. stock keeper unit C. sold keeping unit D. service keeping unit 38. ______ is the report that show the equity retained earnings, its beginning and closing amount. A. balance sheet B. income statement C. cashbook D. cash flow statement 39. ______ menu should be used to modify the company information A. file B. maintain

C. edit D. task 40. SO Stand for __________ A. sales order B. sale online C. sale offline D. stock order 41. In which case the transaction would not be posted to GL Accounts? A. sales invoice B. payments C. receipt D. sale quote 42. ______ indicates the expiry date of a quote A. good thru B. expiry date C. closing period D. end of financial year 43. What does PO stands for? A. purchase order B. post reference C. pays online D. purchase offline 44. Sales invoice is selected by _____ menu A. file B. edit C. maintain D. task 45. Sales quote can be converted to A. sale invoice B. sale order C. both of them D. none of them 46. Sale order option is available in ____ menu A. maintain B. global

C. analysis D. task 47. Master stock item is used to _____ A. create folder inventory B. create folder chart of account C. create folder assembly item D. none 48. Which option is used to pay expense? A. void cheque B. writes cheque C. payment D. receipt 49. The person who supplies you inventory is called _____ in Peachtree A. suppler B. whole seller C. vendor D. customer 50. The account type of purchases is ______ A. cost of sale B. expense C. revenue D. assets 51. ______ records the sales return in Peachtree A. credit B. debit note C. credit memo D. none 52. To display a transaction _____ shortcut key is used A. Ctrl + T B. Ctrl + F C. Alt + t D. Ctrl + F5 53. The setting of decimal entry in the financial figure could be done by A. file B. edit

C. maintain D. global 54. _____ is the short cut key to erase current record A. Ctrl + E B. Ctrl + R C. Ctrl + Shift + E D. Ctrl + Alt + R 55. Memorize transaction is available in _____ menu A. maintain B. edit C. file D. setting 56. Is there any facility in Peachtree to change the beginning balance of debtors and creditors? A. yes B. no C. yes for debtor only D. yes for vendor only 57. _______ is used to make adjustment in the balance A. general ledger trial balance B. working trial balance C. trial balance D. cash balance 58. The account or report that shows the list of balances of all heads of account is called _____ A. trial balance B. vendor C. income statement D. general ledger 59. The feature of Peachtree that tracks the person enter new data, it provides accountability against fraudulent activity A. deposit tickets ID B. Audit trial C. users D. none 60. The Peachtree features that can save a great deal of time in repetitive data entry task. A. memorized transaction

B. audit report C. deposit ticket ID D. quotations 61. The report that display income and expenses over range of time is called A. cash flow statement B. balance sheet C. income statement D. trial balance 62. The report that display the vendor info and balance is _____ A. purchase journal B. vendor ledger C. check register D. cash register 63. Audit trial report shows A. auditing report B. internal auditing report C. user active report D. customer auditing report 64. ______ is the short cut key to move next window in peach tree A. Ctrl + F6 B. Ctrl + F5 C. Ctrl + F4 D. Ctrl + F3 65. The report that shows customer details and their balance is _____ A. purchase journal B. sales journal C. vendor ledger D. customer ledger 66. Financial charges is applicable when _______