1. What is the purpose of an accounting system?

2. What is the difference between a general ledger and subsidiary ledger?

3. What is the first step in setting up a general ledger?

4. What factors influence the chart of accounts and number schemes?

5. What ledger contains all of the balance sheet and income statement accounts?

6. What is the purpose of a comparative income statement?

7. What is the purpose of an aging receivables report?

8. How does a payroll module save time?

9. What report lists items selected for payment and denotes the cash requirement for the bank account on which the checks will be drawn?

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