Question

Question 1 Multiple-Choice Questions (5 marks) 1. When customer records are set up in MYOB to track accounts receivable, collections received from customers can be recorded via: 1. 2. 3. 4. General Journal entry "Receive Money" in the Banking command centre "Receive Payments" in the Sales command centre All of these options 2. Which of the following documents in MYOB should be used to record a purchase on the business credit card? 1. 2. 3. 4. Purchases - Enter Purchases Accounts - Record Journal Entry Purchases - Pay Bills Banking - Spend Money 3. Selection of the “Pay Bills" option in MYOB allows users to record which of the following transactions? 1. 2. 3. 4. Payments to suppliers Bank fees charged to the Bank account Purchases on credit Cash purchases 4. Which of the following parameters can be used to perform a search using the “Find Transactions” function? 1. 2. 3. 4. Item Bill Account All of these 5. In which group of Reports in MYOB will you find the General Journal report? 1. Purchases 2. GST / Sales Tax 3. Banking Accounts

Answer 1

Question 1.

Ans. 3 (If you want to record a payment for an invoice entered then use the Receive Payments window in Sales command centre)

Question 2

Ans. 3 (enter a purchase transaction using the Purchases window then record the payment in the Pay Bills window)

Question 3

Ans. 1 (If you have recorded a purchase, you pay the supplier in the Pay Bills window)

Question 4

Ans. 4 ( Find transaction can be performed on any of these parameters )

Question 5

Ans. 4 ( you can find General Journal report Accounts group)