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WorksheetsMIDTERM EXAM - IT APP
Total questions: 17
Worksheet time: 1hrs 3mins
MYOB stands for Mind Your Own Business.
TRUE
FALSE
Settings menu is a menu that helps you to set up your company file.
TRUE
FALSE
When you make an entry using MYOB, the information is stored in one file called company file.
TRUE
FALSE
Cloud System Software is a software that provides a range of products for both small and big businesses as browser based, cloud base, or physical installation based software.
TRUE
FALSE
A tab that specify whether account is a header or detail account is called Profile.
TRUE
FALSE
Description field is a type of field that changes according to the selection you make.
TRUE
FALSE
Account Number Field is a type of field that you can enter a number for the account.
TRUE
FALSE
Fixed Asset is an asset that can be turned into cash within a year.
TRUE
FALSE
Bank Statement Date Field is a type of field that you can enter the date of your conversion month and appear the uncleared transaction.
TRUE
FALSE
In the Choose Purchase Layout, you can set up your supplier information and other information related to purchases.
TRUE
FALSE
Terms that refers to specifically to recording receipt other than payments relating to invoices
Receiving Payments
Receiving Money
Receiving Accounts
Receiving Cards
Terms that refers to specifically to recording payments for transactions for which purchases have not been created.
Spending Money
Spending Payments
Spending Credit Cards
Spending Accounts
It is a window that lets you record more details about the payment and to allocate the payment to more than one account.
Bank Register Window
Spend Money Window
Tax Window
Account window
A window that lets you record more details about the receipt and to allocate the receipt to more than one account.
Payment Window
Tax Inclusive Window
Receive Money Window
Bank Deposit Window
Demonstrate how to install and create company file using MYOB Software in accounting business? (10 points)
What are the uses of MYOB accounting software in business organization? (10 points)
What would be the effect of this tool as your learning modalities? (10 points)
