Accounting/Computer Applications MATS
Assets = Liabilities + Capital
The basic accounting equation is:
CPU
The computer part that performs all the controlling, calculating, and processing functions is the:
Balance
The difference between the total debits and the total credits in an account is the:
Disks.
The terms hard and floppy describes types of:
A general ledger
The type of ledger that contains all the accounts shown in a trial balance is known as:
XP Service Pack 2
This is an example of an operating system.*
$6.67
What is the interest on a $ 1,000 note for 1 month at an 8% annual interest rate?
Credited.
When a net profit is closed to capital, the capital account is:
Which one of the following is the computer equivalent of a FAX?
Allows sophisticated search strategies
Compared with a traditional card catalog, which of the following is an advantage of an electronic card catalog?
2 and 4 only
Examples of vertical market software would be: 1-Microsoft Office, 2-The Funeral Director's Assistant, 3-Microsoft Power Point, 4-Funeral Director's Management System (FDSM 2000).
Social Security
FICA refers to what taxes?
Net sales
Gross sales minus sales returns and allowances minus discounts on sales yields:
Interest
Money paid for the use of money is called:
Disks
Telecomputing involves the transmission of all of the following except which one?
Creditor
A business or individual to whom a debt is owed is a:
Subtracting the cost of supplies on hand from the balance in the supplies account
A funeral home determines the amount of supplies used by which of the following methods?
Form W - 4
An example of a (n) employee's withholding allowance certificate.*
Petty Cash
An on-hand fund of currency established for making payments of small amounts of money. *
Graphing and clip art
For a social studies report, Fred needs to illustrate the products of North Carolina with pictures and comparison graphs. He would most likely use what software programs?
Employee's withholding allowance certificate
Form W - 4 is a( n )
96 million characters.
96 megabytes would be roughly equivalent to:
3% discount if paid in 15 days. With full payment due 30 days from date of invoice.
The accounting expression " 3/15, n/30" means a:
Balance sheet
The financial statement that shows the financial position of a company on a particular date:
CPU
The portion of the computer that controls the functions of the system and is composed of the 3 sub-units called the control unit, arithmetic unit, and memory unit is the:
Depreciation accounting
The process of allocating the cost of plant and equipment to the periods expected to benefit from the use of these assets is called:
Proving the cash
The process of determining whether the amount of cash, both on hand and in bank, is the same as amount entered in the accounting records is called:
Accounting cycle
The steps involved in handling all of the transactions and events completed during an account period, beginning with placing the data in a book of original entry and ending with a postclosing trial balance, are referred to collectively as the:
Assets
The things of value owned by a business are called:
Liabilities and owner's equity
The two main classifications of claims against a firm's assets are:
Format the diskette.
To erase and prepare a diskette for use in a computer requires the operator to:
Monitor/display
Which of the following is a computer output device:
Memory Chip
Which of the following is a part of the CPU of a computer?
Journal...Ledger...Trial balance...Financial statements
Which of the following lists the proper order of accounting procedures?
Baud rate
Which term refers to the speed at which information is telecomputed?
50%
A funeral home casket inventory has $80,000 of accounts receivable. $40,000 of that is current, $ 10,000 is in the 30 to 60 day column, and $20,000 is in the 60 to 90 day column, and $lO,OOO is over 90 days. What percent of the accounts receivable is past due?
Net profit
If the total of expenses is smaller than the total of revenues, the difference is termed:
Default values.
If the operator does not assign values in computer operations, the computer automatically can assign:
Clip art
What is a picture that is saved to a diskette and can be pasted into a document?
Postclosing trial balance
A trial balance of the general ledger accounts taken after the temporary owner's equity accounts have been closed is referred to as:
Type a biography
A word processor would most likely be used to do which of the following?
Mother board.
A circuit board that contains most of the electronic components of the system unit is called the:
33%
A funeral home shows the following balances: sales =$1,000,000; sales discounts = $100,000 cost of goods sold =$600,000. The gross profit percentage is:
Quick asset
A liquidity ratio that measures the ability of a firm to meet its current debt on short notice is called what type of ratio?
A collection of country-music CD's
All of the following are examples of electronic databases except which one?
Liabilities
Any debts that a business or a individual owes.*
An asset
Anything of value owned is considered:
From_______ To _______
Bryan has created a 10 - page story but wants to print only the first two pages. Which printer command should he select?
Unearned
Income received in advance is:
Shareware
Software programs that allow you to legally copy them, and/or give them away at no cost are known as what software type?
