1. Check this A+ tutorial guideline at http://www.assignmentcloud.com/acct-251/acct-251-final-exam For more classes visit http://www.assignmentcloud.com The Final Exam has 3 pages and is worth 270 points total. This first page has all Multiple Choice questions. Question 1.1. (TCO 1) To display the size of your backup file, you can use the Windows program called: (Points : 5) Windows Explorer Scan disk Defrag Windows Accessories Windows Defender Question 2.2. (TCO 1) The Edit menu allows you to do the following: (Points : 5) cut copy paste clear find transactions Question 3.3. (TCO 1) The balance sheet lists: (Points : 5) assets, liabilities, and capital of a business. revenues and expenses of a business. the percentage of revenue at the end of the year. the percentage of debt at the end of the year. cash disbursements.

2.  Question 4.4. (TCO 1) Business managers and owners depend on financial statements because: (Points : 5)  Peachtree automatically calculates accurate financial statements.  financial statements are for internal use only.  they have primary responsibility for the business.  they can evaluate cash and make appropriate decisions.  they can use account balances to customize financial statements.   Question 5.5. (TCO 2) The sample company, Bellwether Garden Supply, uses which method of posting? (Points : 5)  Batch posting  Real-time posting  Cash basis posting  Accrual basis posting  Just-in-time posting   Question 6.6. (TCO 2) The posting method used by the business in Chapter 9 is: (Points : 5)  batch posting  real-time posting  a combination of batch posting and real-time posting.  accrual posting  cash basis posting 

3.  Question 7.7. (TCO 2) The account type specified on the chart of accounts is also the account classification for the: (Points : 5)  balance sheet and income statement  general ledger  general journal  cash receipts journal  receipts   Question 8.8. (TCO 3) In Chapter 11, the ______________________________is completed before recording and posting the end- of-quarter adjusting entries. (Points : 5)  adjusted trial balance  cash disbursements journal  unadjusted trial balance  cash receipts journal  post-closing trial balance   Question 9.9. (TCO 3) The best time to record adjusting entries is: (Points : 5)  the end of the quarter.  the end of each month.  six month intervals.  the end of the year only.  during the month.   Question 10.10. (TCO 4) To change accounting periods, you need to make the following menu bar selections: (Points : 5)  Tasks; System, Change Accounting Period  Tasks; Default, Change Accounting Period  Tasks; Maintain, Defaults  Maintain; System, Change Accounting Period  Maintain; User Security