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ACCT 251 Final Exam

ACCT 251 Final Exam

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ACCT 251 Final Exam

ACCT 251 Final Exam – Page 1

The Final Exam has 3 pages and is worth 270 points total. This first page has all Multiple Choice questions.

Question 1.1. (TCO 1) To display the size of your backup file, you can use the Windows program called: (Points : 5)

Windows Explorer

Scan disk

Defrag

Windows Accessories

Windows Defender

Question 2.2. (TCO 1) The Edit menu allows you to do the following: (Points : 5)

cut

copy

paste

clear

find transactions

Question 3.3. (TCO 1) The balance sheet lists: (Points : 5)

assets, liabilities, and capital of a business.

revenues and expenses of a business.

the percentage of revenue at the end of the year.

the percentage of debt at the end of the year.

cash disbursements.

Question 4.4. (TCO 1) Business managers and owners depend on financial statements because: (Points : 5)

Peachtree automatically calculates accurate financial statements.

financial statements are for internal use only.

they have primary responsibility for the business.

they can evaluate cash and make appropriate decisions.

they can use account balances to customize financial statements.

Question 5.5. (TCO 2) The sample company, Bellwether Garden Supply, uses which method of posting? (Points : 5)

Batch posting

Real-time posting

Cash basis posting

Accrual basis posting

Just-in-time posting

Question 6.6. (TCO 2) The posting method used by the business in Chapter 9 is: (Points : 5)

batch posting

real-time posting

a combination of batch posting and real-time posting.

accrual posting

(more)
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