When the Receipts window is used, what account is automatically debited?( Identify the account number and name.)
When the Write Checks window is used, what account is automatically credited?( Identify the account number and name.)
Explain Peachtree’ s account reconciliation feature. Define bank reconciliation.
What does the term transaction register refer to?
The transaction register shows payments and deposits. What are two examples of payments, and what Peachtree window is used? What Peachtree window is used to record deposits?
True / Make True:
You can complete the activities in Chapter 11 without completing Chapters 9 and 10.( Yacht, 2011, p. 407)
Step 4 of PCA ' s Computer Accounting Cycle is reconciling the bank statement.
To change an accounting period, use the menu.( Yacht, 2011, p. 410)
Mark Foltz’ s transaction register and bank statement are used as source documents for recording journal entries.
The account reconciliation feature can reconcile the cash account only.
The accounting periods used in Chapter 11 are November 1- 30 and December 1- 31, 2012.
PCA includes an editing feature so that records can be corrected.