Specifications

12  Lesson 5 Computer Tutorial 3
6. Close all open windows to return to the company desktop.
TOPIC 5.6
Self-testing questions
1. What is a transactions listing? When would you print it? How would you use it?
2. Are Accpac trial balances always in balance? Why or why not?
3. After reviewing the trial balance at the end of the month, you determine that several
revenue and expense items that should have been accrued are not reflected in the
general ledger. How would you complete the transactions for the month?
4. Why are adjustments required? List four typical adjustments made at the end of a
period.
5. Why are prior period adjustments sometimes required?
6. What conditions are required to post an adjusting entry to a prior period?
Exit Accpac if you are not planning on proceeding to Lesson 6 now.