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MIDTERM EXAM - IT APP

Total questions: 17

Worksheet time: 1hrs 3mins

Name
Class
Date
1.

MYOB stands for Mind Your Own Business.

a)

TRUE

b)

FALSE

2.

Settings menu is a menu that helps you to set up your company file.

a)

TRUE

b)

FALSE

3.

When you make an entry using MYOB, the information is stored in one file called company file.

a)

TRUE

b)

FALSE

4.

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.

a)

TRUE

b)

FALSE

5.

A tab that specify whether account is a header or detail account is called Profile.

a)

TRUE

b)

FALSE

6.

Description field is a type of field that changes according to the selection you make.

a)

TRUE

b)

FALSE

7.

Account Number Field is a type of field that you can enter a number for the account.

a)

TRUE

b)

FALSE

8.

Fixed Asset is an asset that can be turned into cash within a year.

a)

TRUE

b)

FALSE

9.

Bank Statement Date Field is a type of field that you can enter the date of your conversion month and appear the uncleared transaction.

a)

TRUE

b)

FALSE

10.

In the Choose Purchase Layout, you can set up your supplier information and other information related to purchases.

a)

TRUE

b)

FALSE

11.

Terms that refers to specifically to recording receipt other than payments relating to invoices

a)

Receiving Payments

b)

Receiving Money

c)

Receiving Accounts

d)

Receiving Cards

12.

Terms that refers to specifically to recording payments for transactions for which purchases have not been created.

a)

Spending Money

b)

Spending Payments

c)

Spending Credit Cards

d)

Spending Accounts

13.

It is a window that lets you record more details about the payment and to allocate the payment to more than one account.

a)

Bank Register Window

b)

Spend Money Window

c)

Tax Window

d)

Account window

14.

A window that lets you record more details about the receipt and to allocate the receipt to more than one account.

a)

Payment Window

b)

Tax Inclusive Window

c)

Receive Money Window

d)

Bank Deposit Window

15.

Demonstrate how to install and create company file using MYOB Software in accounting business? (10 points)

4 lines
16.

What are the uses of MYOB accounting software in business organization? (10 points)

4 lines
17.

What would be the effect of this tool as your learning modalities? (10 points)

4 lines