Accounting/Computer

An electronic device that can accept data, perform instructions on the data, and deliver the results of the processed data is called a: A. Computer B. RAM C. Peripheral D. Terminal

A. Computer

A duplicate of an original program or data made as a precaution against loss or damage of the original is called: A. RAM B. A backup C. An output device D. ROM

B. A backup

Income received in advance is: A. True B. Accrued C. Unearned D. Net

B. Accrued

Anything of value owned is considered: A. Income B. An asset C. An expense D. A liability

B. An asset

The difference between the total debits and the total credits in an account is the: A. Expense B. Balance C. Trial balance D. Revenue

B. Balance

The computer part that performs all the controlling, calculating and processing functions is the: A. CAD B. CPU C. ROM D. RAM

B. CPU

Telecomputing involves the transmission of all of the following except which one? A. Text B. Disks C. Sound D. Graphics

B. Disks

The terms hard and floppy describe types of: A. Software B. Disks C. Hardware D. Printouts

B. Disks

To erase and prepare a diskette for use in a computer requires the operator to: A. Clean the diskette B. Format the diskette C. Modify the diskette D. Program the diskette

B. Format the diskette

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? A. Spreadsheet and statistical B. Graphing and clip art C. Spreadsheet and database D. Clip art and drawing

B. Graphing and clip art

What general term describes the physical equipment of a computer system, such as its video screen, keyboard and storage devices? A. Software B. Hardware C. Output D. Input

B. Hardware

The two main classifications of claims against a firm's assets are: A. Expenses and revenues B. Liabilities and owner's equity C. Net income and net worth D. Cash and liabilities

B. Liabilities and owner's equity

A word processor would most likely be used to do which of the following? A. Do a computer search in the media center B. Maintain an inventory C. Keep an account of money spent D. Type a biography

B. Maintain an inventory

Which of the following are input devices for a computer? 1-Mouse 2-Keyboard 3-Printer 4-Monitor: A. 1, 2 and 4 only B. 2, 3 and 4 only C. 1, 2, 3 and 4 D. 1 and 2 only

D. 1 and 2 only

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 $10,000 is over 90 days. What percent of the accounts receivable is past due? A. 45% B. 60% C. 33% D. 50%

A. 45%

The accounting expression "3/15, n/30"means a: A. 15% discount if paid in 3 days, with a full payment due by the 30th of the month. B. 3% discount if paid in 15 days with full payment due 30 days from date of invoice. C. 3% discount if paid in 15 days with full payment due by the end of the month. D. 15% discount if paid in 3 days with full payment due 30 days from date of invoice.

A. 15% discount if paid in 3 days, with a full payment due by the 30th of the month.

The basic accounting equation is: A. Assets + Liabilities = Capital B. Liabilities = Capital - Assets C. Assets = Liabilities + Capital D. Assets = Liabilities - Capital

A. Assets + Liabilities = Capital

Which of the following best describes uploading information? A. Receiving information from a host computer B. Sending information to a host computer C. Storing data on the hard drive D. Storing data on a disk drive

B. Sending information to a host computer

Software programs that allow you to legally copy them, and/or give them away at no cost are known as what software type? A. Time share B. Shareware C. Probeware D. Public domain

B. Shareware

FICA refers to what taxes? A. Federal income tax B. Social Security C. Sales tax D. City tax

B. Social Security

What is the interest on a $1,000 note for one month at an 8% annual interest rate? A. $5.67 B. $6.33 C. $6.67 D. $5.95

C. $6.67

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: A. 75% B. 40% C. 33% D. 50%

C. 33%

All of the following are examples of electronic databases except which one? A. A CD-ROM encyclopedia B. Online catalog C. A collection of country-music CDs D. Computerized student information

C. A collection of country-music CDs

The type of ledger that contains all the accounts shown in a trial balance is known as: A. A subsidiary ledger B. An audit ledger C. A general ledger D. An accounts receivable ledger

C. A general ledger

The legal obligation of a business to pay a debt is called a(n): A. Asset B. Owner's equity C. Ability D. Business entity

C. Ability

A debit to the purchases account would have a corresponding credit in which of the following accounts? A. Inventory B. Sales expense C. Accounts payable D. Accounts receivable

C. Accounts payable

Which term refers to the speed at which information is telecomputed? A. Cycles per second B. Interface speed C. Baud rate D. Megabyte load

C. Baud rate

The portion of the computer that contains the functions of the system and is composed of the 3 sub-units called the control unit, arithmetic unit, and memory unit is the: A. CRT B. ROM C. CPU D. RAM

C. CPU

A business or individual to whom a debt is owed is a: A. Drawer B. Drawee C. Debtor D. Creditor

C. Debtor

If the operator does not assign values in computer operations, the computer automatically can assign: A. New data values B. Delimit values C. Default values D. Terminal values

C. Default values

The process of allocating the cost of plant and equipment to the periods expected to benefit from the use of these assets is called: A. Asset accounting B. Expense accounting C. Depreciation accounting D. Matching accounting

C. Depreciation accounting

Form W-4 is a(n): A. Wage and tax statement B. Employer's quarterly federal tax return C. Employee's withholding allowance certificate D. Social Security Application Form

C. Employee's withholding allowance certificate

An example of a(n) employee's withholding allowance certificate: A. Employer's quarterly federal tax return B. Social Security application form C. Form W-4 D. Wage and tax statement

C. Form W-4

The financial statement that shows the financial position of a company on a particular date: A. Balance sheet B. Trial balance C. Income statement D. Statement of change in financial position

C. Income statement

Which of the following is a part of the CPU of a computer? A. Mouse B. Monitor C. Memory Chip D. Keyboard

C. Memory Chip

Which of the following is a computer output device? A. Hard drive B. Database software C. Monitor/display D. Mouse

C. Monitor/display

Gross sales minus sales returns and allowances minus discounts on sales yields: A. Total purchases B. Gross profit C. Net sales D. Cost of merchandise sold

C. Net sales

An on-hand fund of currency established for making payments of small amounts of money: A. Cash B. Kitty C. Petty Cash D. Till

C. Petty 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: A. Proving disbursements B. Proving statements of payments C. Proving the cash D. Proving the bank statement

C. Proving the cash

What is the function of a disk drive? A. To print sheets of paper B. To calculate numbers C. To read from or write information to a floppy disk D. To display information or pictures on a screen

C. To read from or write information to a floppy disk

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). A. 3 and 4 only B. 1 and 3 only C. 1 and 4 only D. 2 and 4 only

D. 2 and 4 only

A funeral home has $90,000 of accounts receivable. $50,000 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 $10,000 is over 90 days. What percent of the accounts receivable is past due? A. 25% B. 30% C. 33% D. 44%

D. 44%

96 megabytes would be roughly equivalent to: A. 96 billion characters B. 9,600 characters C. 96,000 characters D. 96 million characters

D. 96 million characters

The steps involved in handling all of the transactions and events completed during an accounting period, beginning with placing the data in a book of original entry and ending with a post closing trial balance, are referred to collectively as the: A. Accounting b. Input accounting C. Output accounting D. Accounting cycle

D. Accounting cycle

Compared with a traditional card catalog, which of the following is an advantage of an electronic card catalog? A. Contains information on more books B. Allows books to be shelved more quickly C. Less costly to install and operate D. Allows sophisticated search strategies

D. Allows sophisticated search strategies

The things of value owned by a business are called: A. Liabilities B. Expenses C. Equities D. Assets

D. Assets

What is a picture that is saved to a diskette and can be pasted into a document? A. Annotation B. Subscript C. Clipboard D. Clip art

D. Clip art

When a net profit is closed to capital, the capital account is: A. Unaffected B. Debited C. Opened D. Credited

D. Credited

Which one of the following is the computer equivalent of a FAX? A. Trailer page B. Viewable history sheet C. Print screen D. E-mail

D. E-mail

A plastic disc on which data can be stored magnetically is called a: A. Fixed Disk B. Hard Disk C. CD D. Floppy Disk

D. Floppy Disk

Bryan has created a 10-page story but wants to print only the first two pages. Which printer command should he select? A. Print all B. Page setup C. Print preview D. From ____ To ____

D. From ____ To ____

Beginning inventory plus purchases for the period yields: A. Cost of merchandise sold B. Gross sales C. Net purchases D. Goods available for sale

D. Goods available for sale

Money paid for the use of money is called: A. Income B. A promissory note C. Notes payable D. Interest

D. Interest

Which of the following lists the proper order of accounting procedures? A. Financial statements...Journal...Ledger...Trial balance B. Ledger...Trial balance...Journal...Financial statements C. Financial statements...Trial balance...Ledger...Journal D. Journal...Ledger...Trial balance...Financial statements

D. Journal...Ledger...Trial balance...Financial statements

Any debts that a business or an individual owes: A. Accrued Expense B. Assets C. Accounts payable D. Liabilities

D. Liabilities

A circuit board that contains most of the electronic components of the system unit is called the: A. A CPU board B. Floppy board C. NIC board D. Motherboard

D. Motherboard

If the total of expenses is smaller than the total of revenues, the difference is termed: A. Gross profit B. Net worth C. Gross margin D. Net profit

D. Net profit

A trial balance of the general ledger accounts taken after the temporary owner's equity account has been closed is referred to as: A. Pre-closing trial balance B. Subsidiary trial balance C. New account period trail balance D. Post Closing trial balance

D. Post Closing trial balance

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. Debt to equity B. Total asset C. Return on equity D. Quick asset

D. Quick asset

Before selecting a computer for use in a funeral home, you should determine the correct: A. Peripherals B. Computer language C. Hardware D. Software

D. Software

A funeral home determines the amount of supplies used by which of the following methods? A. Using the balance in the cost of goods sold account B. Using the balance in the supplies account C. Adding the cost of supplies on hand to the balance in the supplies account D. Subtracting the cost of supplies on hand from the balance in the supplies account

D. Subtracting the cost of supplies on hand from the balance in the supplies account

This is an example of an operating system. A. Word B. Power Point C. Excel D. XP Service Pack 2

D. XP Service Pack 2