Question 1

Which one of the following is the best order for entering setup information -

Accepted Answer

A)  accounts, sales taxes and tax codes, suppliers and customers 
B)  accounts, suppliers and customers, sales taxes and codes 
C)  suppliers and customers, sales taxes and codes and accounts 
D)  it does not matter which order you use to enter the above information 
A)  accounts, sales taxes and tax codes, suppliers and customers 
B)  accounts, suppliers and customers, sales taxes and codes 
C)  suppliers and customers, sales taxes and codes and accounts 
D)  it does not matter which order you use to enter the above information A

Question 2

Which of the following conditions will prevent you from finishing the history for the Receivables Ledger -

Accepted Answer

A)  the linked account for discounts is omitted 
B)  an outstanding customer invoice is omitted 
C)  a historical payment is omitted 
D)  both b and c above 
A)  the linked account for discounts is omitted 
B)  an outstanding customer invoice is omitted 
C)  a historical payment is omitted 
D)  both b and c above D

Question 3

You will be unable to apply tax codes for sales when -

Accepted Answer

A)  the customer is set up as tax exempt 
B)  the default customer tax code is No tax 
C)  a foreign customer has been selected for the sale 
D)  you choose Quick Add for a new customer 
A)  the customer is set up as tax exempt 
B)  the default customer tax code is No tax 
C)  a foreign customer has been selected for the sale 
D)  you choose Quick Add for a new customer A

Question 4

Which one of the following will prevent you from finishing the history for the payables ledger -

Accepted Answer

A)  the supplier payment terms are not defined 
B)  the amounts in the subsidiary supplier accounts do not match the Accounts Payable control account balance 
C)  the sales tax rate is not defined 
D)  the program will always finish the history but warns you to make the corrections later 
A)  the supplier payment terms are not defined 
B)  the amounts in the subsidiary supplier accounts do not match the Accounts Payable control account balance 
C)  the sales tax rate is not defined 
D)  the program will always finish the history but warns you to make the corrections later

Question 5

When you select a different industry or company type -

Accepted Answer

A)  the terminology for home window icons may change 
B)  the terminology for report names may change 
C)  the terminology for journal names may change 
D)  all of the above 
A)  the terminology for home window icons may change 
B)  the terminology for report names may change 
C)  the terminology for journal names may change 
D)  all of the above

Question 6

Which of the following components make up the payables ledger setup -

Accepted Answer

A)  payables and sales tax setting defaults 
B)  payables linked accounts 
C)  set up supplier information and historical data 
D)  all of the above 
A)  payables and sales tax setting defaults 
B)  payables linked accounts 
C)  set up supplier information and historical data 
D)  all of the above

Question 7

The Credit Card setup information screen requires that -

Accepted Answer

A)  you click the option to allow credit card sales and purchases 
B)  the name of each credit card appears on a separate line 
C)  you enter interest rate charged to the credit card company 
D)  you enter the revenue account to record interest charges 
A)  you click the option to allow credit card sales and purchases 
B)  the name of each credit card appears on a separate line 
C)  you enter interest rate charged to the credit card company 
D)  you enter the revenue account to record interest charges

Question 8

What step is not involved in setting up the receivables ledger -

Accepted Answer

A)  setting the defaults to customize the receivables ledger 
B)  setting the receivables bank and accounts receivable linked accounts 
C)  receivables ledger amounts must match the general ledger amounts 
D)  recording a sales invoice 
A)  setting the defaults to customize the receivables ledger 
B)  setting the receivables bank and accounts receivable linked accounts 
C)  receivables ledger amounts must match the general ledger amounts 
D)  recording a sales invoice

Question 9

You will be unable to see HST tax codes for sales when -

Accepted Answer

A)  the HST charged account is not linked 
B)  the PST payable account is not linked 
C)  the HST paid account is not linked 
D)  all of the above are correct 
A)  the HST charged account is not linked 
B)  the PST payable account is not linked 
C)  the HST paid account is not linked 
D)  all of the above are correct

Question 10

What mistakes can you not correct after you finish entering the history for the payables ledger -

Accepted Answer

A)  mistakes made in historical supplier invoices 
B)  mistakes made in the supplier account names 
C)  mistakes made in the supplier payment terms 
D)  you can make all of the above corrections 
A)  mistakes made in historical supplier invoices 
B)  mistakes made in the supplier account names 
C)  mistakes made in the supplier payment terms 
D)  you can make all of the above corrections

Question 11

Defining linked accounts correctly -

Accepted Answer

A)  allows you to enter historical payments 
B)  is an essential step for finishing the ledger history 
C)  allows you to change the payment terms 
D)  allows you to enter customer records 
A)  allows you to enter historical payments 
B)  is an essential step for finishing the ledger history 
C)  allows you to change the payment terms 
D)  allows you to enter customer records

Question 12

To access the Receivables Settings in the classic view you might -

Accepted Answer

A)  click the setup tool button, then customers 
B)  choose setup from the main menu, settings, Receivables 
C)  right-click the customers icon, then click the setup tool button 
D)  a and c above 
A)  click the setup tool button, then customers 
B)  choose setup from the main menu, settings, Receivables 
C)  right-click the customers icon, then click the setup tool button 
D)  a and c above

Question 13

Which statement is true about linked accounts -

Accepted Answer

A)  you must remove the linked account before you can remove the general ledger account 
B)  linked accounts cannot be removed once the history is finished 
C)  linked accounts are subsidiary accounts 
D)  all of the above 
A)  you must remove the linked account before you can remove the general ledger account 
B)  linked accounts cannot be removed once the history is finished 
C)  linked accounts are subsidiary accounts 
D)  all of the above

Question 14

Where do you enter rates for sales taxes -

Accepted Answer

A)  the payables ledger screen 
B)  settings, sales taxes 
C)  the historical suppliers screen 
D)  none of the above 
A)  the payables ledger screen 
B)  settings, sales taxes 
C)  the historical suppliers screen 
D)  none of the above

Question 15

One of the following statements is true about credit cards -

Accepted Answer

A)  set up cards used and accepted from the company settings 
B)  set up cards used from the payables ledger settings 
C)  set up cards accepted from the receivables ledger settings 
D)  both b and c are correct 
A)  set up cards used and accepted from the company settings 
B)  set up cards used from the payables ledger settings 
C)  set up cards accepted from the receivables ledger settings 
D)  both b and c are correct

Question 16

Which of the following statements about terms for historical customer invoices is correct -

Accepted Answer

A)  they must be the same as the terms on the receivables ledger settings screen 
B)  they must be the same as the terms in the customer's ledger record 
C)  they can be changed for each individual invoice 
D)  the terms do not apply to historical invoices, only current invoices 
A)  they must be the same as the terms on the receivables ledger settings screen 
B)  they must be the same as the terms in the customer's ledger record 
C)  they can be changed for each individual invoice 
D)  the terms do not apply to historical invoices, only current invoices

Question 17

When you record an incorrect receivables historical invoice -

Accepted Answer

A)  delete the historical invoice and re-enter the historical invoice 
B)  each historical invoice must be recorded separately 
C)  pay the invoice, delete paid invoices and re-enter historical data 
D)  click done to save the entry 
A)  delete the historical invoice and re-enter the historical invoice 
B)  each historical invoice must be recorded separately 
C)  pay the invoice, delete paid invoices and re-enter historical data 
D)  click done to save the entry

Question 18

Topics called aging periods, interest charges, new customer tax codes are -

Accepted Answer

A)  accounts receivable setting options 
B)  accounts payable setting options 
C)  columns found on a sales invoice 
D)  none of the above 
A)  accounts receivable setting options 
B)  accounts payable setting options 
C)  columns found on a sales invoice 
D)  none of the above

Question 19

If the bank issues a new series of cheques with a different numbering sequence -

Accepted Answer

A)  we must change the payments settings to accommodate the alpha letter and the number 
B)  we must change the cheque number in the Report & Form Options to match the new cheque numbers 
C)  we must start the numbering system for forms all over again 
D)  we must request that the bank prepare another order of cheques to match our numbers 
A)  we must change the payments settings to accommodate the alpha letter and the number 
B)  we must change the cheque number in the Report & Form Options to match the new cheque numbers 
C)  we must start the numbering system for forms all over again 
D)  we must request that the bank prepare another order of cheques to match our numbers

Question 20

Which one of the following statements about linked accounts is correct -

Accepted Answer

A)  they show invoices paid and unpaid 
B)  you are able to enter all linked accounts after finishing the history 
C)  you are able to post a discounted sale if sales discount is not linked 
D)  bank accounts may be linked more than once 
A)  they show invoices paid and unpaid 
B)  you are able to enter all linked accounts after finishing the history 
C)  you are able to post a discounted sale if sales discount is not linked 
D)  bank accounts may be linked more than once

Which one of the following is the best order for entering setup information -

Which of the following conditions will prevent you from finishing the history for the Receivables Ledger -

You will be unable to apply tax codes for sales when -

Which one of the following will prevent you from finishing the history for the payables ledger -

When you select a different industry or company type -

Which of the following components make up the payables ledger setup -

The Credit Card setup information screen requires that -

What step is not involved in setting up the receivables ledger -

You will be unable to see HST tax codes for sales when -

What mistakes can you not correct after you finish entering the history for the payables ledger -

Defining linked accounts correctly -

To access the Receivables Settings in the classic view you might -

Which statement is true about linked accounts -

Where do you enter rates for sales taxes -

One of the following statements is true about credit cards -

Which of the following statements about terms for historical customer invoices is correct -

When you record an incorrect receivables historical invoice -

Topics called aging periods, interest charges, new customer tax codes are -

If the bank issues a new series of cheques with a different numbering sequence -

Which one of the following statements about linked accounts is correct -

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Exam 7: Questions Air Care Services

Which one of the following is the best order for entering setup information -

Which of the following conditions will prevent you from finishing the history for the Receivables Ledger -

You will be unable to apply tax codes for sales when -

Which one of the following will prevent you from finishing the history for the payables ledger -

When you select a different industry or company type -

Which of the following components make up the payables ledger setup -

The Credit Card setup information screen requires that -

What step is not involved in setting up the receivables ledger -

You will be unable to see HST tax codes for sales when -

What mistakes can you not correct after you finish entering the history for the payables ledger -

Defining linked accounts correctly -

To access the Receivables Settings in the classic view you might -

Which statement is true about linked accounts -

Where do you enter rates for sales taxes -

One of the following statements is true about credit cards -

Which of the following statements about terms for historical customer invoices is correct -

When you record an incorrect receivables historical invoice -

Topics called aging periods, interest charges, new customer tax codes are -

If the bank issues a new series of cheques with a different numbering sequence -

Which one of the following statements about linked accounts is correct -

Questions Getting Started

Questions Gst, Hst and Pst

Questions Binhs Bins

Questions Love It Again

Questions Groen Fields

Questions Phoebes Photo Studio

Questions Helenas Academy

Questions Northern Lights

Questions Karas Kitchens

Questions Andersson Chiropractic Clinic

Questions Maple Leaf Rags

Questions Shady Corners

Questions Sound Inc

Questions Tesses Tresses

Questions Velocity

Questions Ryders Routes Advanced Premium Features

Questions Able Associates Advanced Premium Features

Filters