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.*
Clip art
What is a picture that is saved to a diskette and can be pasted into a document?
$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:
Default values.
If the operator does not assign values in computer operations, the computer automatically can assign:
Net profit
If the total of expenses is smaller than the total of revenues, the difference is termed:
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:
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?
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?
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?