Computerized Accounting

The accounting records used in manual systems are as follows EXCEPT ___________.

• Documents

• Journal

• Ledger

• Reports

When a user enters transactions for debtors, UBS Accounting will ask you to key in the bill type. Cash Sales is represented by bill type ________.

• I

• P

• H

• R

Sazwan bought sixty boxes of candles as inventories for his gift shop business from thr supplier on credit. He would record this transaction in _____________.

• Sales Journal

• Purchases Journal

• Cash Book

• General Journal

An account number 8020/000 with account type P refers to ___________ account.

• Proposed Dividend

• Dividend

• Proposed Taxation

• Taxation

The following reports could be printed in UBS Accounting EXCEPT _________.

• Trial Balance

• Cash Flow Statement

• Statement of Owners Equity

• Bank Reconciliation Statements

The statement of Profit or Loss is an example of a/an _____________ worksheet.

• dependent

• independent

• relative

• absolute

In order to use the built-in function to calculate depreciation rate, select the insert function and change the category to _________.

• Database

• Logical

• Financial

• Statistical

The symbol #NAME? in a worksheet implies that __________ .

• a formula is incorrectly entered

• an adress contain data other that values

• the space in the cells is not wide enough

• the cell contains an absolute referencing formula

LIFO method tests the value of the closing stock at the latest price.

• TRUE

• FALSE

We can key in transactions by using Maintenance File Transactions.

• TRUE

• FALSE