Question 1

By moving the mouse over a displayed report -

Accepted Answer

A)  you can see the available drill-down reports 
B)  you may choose to print the report 
C)  drill-down report options at various levels are always available 
D)  you may choose to save the report 
A)  you can see the available drill-down reports 
B)  you may choose to print the report 
C)  drill-down report options at various levels are always available 
D)  you may choose to save the report A

Question 2

Which statement is true about the new account wizard -

Accepted Answer

A)  you cannot add new accounts from the account field in a journal 
B)  you must add new accounts before opening a journal 
C)  you may skip directly to the Finish screen in the wizard if the default settings are correct 
D)  you must make a choice for each screen in the wizard 
A)  you cannot add new accounts from the account field in a journal 
B)  you must add new accounts before opening a journal 
C)  you may skip directly to the Finish screen in the wizard if the default settings are correct 
D)  you must make a choice for each screen in the wizard D

Question 3

Which statement about Sage 50 is not true -

Accepted Answer

A)  use ledger icons to record information about various types of accounts 
B)  use journal icons to record journal transactions 
C)  you may hide icons for ledgers that are not used 
D)  the status bar describes the position of the cursor 
A)  use ledger icons to record information about various types of accounts 
B)  use journal icons to record journal transactions 
C)  you may hide icons for ledgers that are not used 
D)  the status bar describes the position of the cursor D

Question 4

Choosing Restore from the home window file menu will -

Accepted Answer

A)  restore a compressed backup file to a working data file 
B)  restore the size of the window you are currently working in 
C)  delete the changes from your current work session and restore the data file from your previous session 
D)  restore the classic view home window from an enhanced view module window 
A)  restore a compressed backup file to a working data file 
B)  restore the size of the window you are currently working in 
C)  delete the changes from your current work session and restore the data file from your previous session 
D)  restore the classic view home window from an enhanced view module window

Question 5

To see the drill down reports that are available, you would -

Accepted Answer

A)  double click any number in a displayed report 
B)  double click any heading in a displayed report 
C)  hold the mouse over different parts of a displayed report 
D)  right-click any part of a displayed report to see a pull-down menu of available reports 
A)  double click any number in a displayed report 
B)  double click any heading in a displayed report 
C)  hold the mouse over different parts of a displayed report 
D)  right-click any part of a displayed report to see a pull-down menu of available reports

Question 6

The Sage 50 Accounting backup procedure -

Accepted Answer

A)  starts automatically each time you choose a new session date 
B)  creates a compressed version of the data files under a different name 
C)  creates a new working copy of the data files under a different name 
D)  must be used before you change a session date 
A)  starts automatically each time you choose a new session date 
B)  creates a compressed version of the data files under a different name 
C)  creates a new working copy of the data files under a different name 
D)  must be used before you change a session date

Question 7

When you adjust a general journal entry, Sage 50 -

Accepted Answer

A)  deletes the original entry and saves the correction 
B)  always includes the original entry and the corrections in reports for a complete audit trail 
C)  includes the original and reversing entry in reports only when you choose to show corrections 
D)  renumbers the correction so that it replaces the original journal entry number in the report 
A)  deletes the original entry and saves the correction 
B)  always includes the original entry and the corrections in reports for a complete audit trail 
C)  includes the original and reversing entry in reports only when you choose to show corrections 
D)  renumbers the correction so that it replaces the original journal entry number in the report

Question 8

The journal icons in the home window serve to -

Accepted Answer

A)  post all entries to the ledgers 
B)  record the original accounting entries 
C)  give information on ledger balances 
D)  give access to various ledger reports 
A)  post all entries to the ledgers 
B)  record the original accounting entries 
C)  give information on ledger balances 
D)  give access to various ledger reports

Question 9

To correct a general journal entry you should -

Accepted Answer

A)  choose the adjust an entry option, choose the transaction, edit it and post 
B)  make a reversing entry and then enter the transaction correctly 
C)  make a reversing entry to cancel the original incorrect entry 
D)  enter the transaction correctly - when you use the same source number, the original entry is cancelled 
A)  choose the adjust an entry option, choose the transaction, edit it and post 
B)  make a reversing entry and then enter the transaction correctly 
C)  make a reversing entry to cancel the original incorrect entry 
D)  enter the transaction correctly - when you use the same source number, the original entry is cancelled

Question 10

When short dates such as 11-05-12 are used in Sage 50, to check whether month or day comes first you could -

Accepted Answer

A)  type Nov 5 12 in a date field in Sage 50 
B)  type 11-05 in a date field in Sage 50 
C)  choose Nov 5 from the date field calendar 
D)  do either a or c above 
A)  type Nov 5 12 in a date field in Sage 50 
B)  type 11-05 in a date field in Sage 50 
C)  choose Nov 5 from the date field calendar 
D)  do either a or c above

Question 11

Which one of the statements about the Sage 50 date system is false -

Accepted Answer

A)  the posting date is the date of the transaction 
B)  the session date may be advanced by more than one week 
C)  the session date is the first posting date for a series of later transactions 
D)  the session date is the date you are recording transactions 
A)  the posting date is the date of the transaction 
B)  the session date may be advanced by more than one week 
C)  the session date is the first posting date for a series of later transactions 
D)  the session date is the date you are recording transactions

Question 12

The general journal input screen will not allow you to post a transaction -

Accepted Answer

A)  unless the revenue amounts exceed the expense amounts (there is a profit) 
B)  unless the credit amounts exceed the debit amounts 
C)  unless the debit amounts are equal to the credit amounts 
D)  unless you choose to display the general journal entry first 
A)  unless the revenue amounts exceed the expense amounts (there is a profit) 
B)  unless the credit amounts exceed the debit amounts 
C)  unless the debit amounts are equal to the credit amounts 
D)  unless you choose to display the general journal entry first

Question 13

When you open a Sage 50 Accounting data file, to enter the session date -

Accepted Answer

A)  you may enter the month, day and year as numbers 
B)  you may type the date in text style 
C)  you may choose a date from the pop-up calendar 
D)  all of the above 
A)  you may enter the month, day and year as numbers 
B)  you may type the date in text style 
C)  you may choose a date from the pop-up calendar 
D)  all of the above

Question 14

A purchase of supplies for $2 000 plus $260 HST in the general journal would not be posted -

Accepted Answer

A)  if the Supplies and HST were recorded as credits and Accounts Payable as debits 
B)  if the HST was omitted and the Accounts Payable credit was $2 000 
C)  if the HST was omitted, Supplies debit was $2 260 and Accounts Payable credit was $2 260 
D)  if the debit amounts did not equal the credit amounts 
A)  if the Supplies and HST were recorded as credits and Accounts Payable as debits 
B)  if the HST was omitted and the Accounts Payable credit was $2 000 
C)  if the HST was omitted, Supplies debit was $2 260 and Accounts Payable credit was $2 260 
D)  if the debit amounts did not equal the credit amounts

Question 15

In the account field of the general journal input screen you cannot -

Accepted Answer

A)  type the account name in the account field 
B)  type in the first letter of the account name to advance to that section of the account list 
C)  select the name from the select account list 
D)  type in the account number 
A)  type the account name in the account field 
B)  type in the first letter of the account name to advance to that section of the account list 
C)  select the name from the select account list 
D)  type in the account number

Question 16

Choosing the Modify Report option in a displayed report will -

Accepted Answer

A)  display the report options window again 
B)  close the report and return you to the home window so you can choose from the Reports menu again 
C)  allow you edit the settings in the displayed report 
D)  none of the above 
A)  display the report options window again 
B)  close the report and return you to the home window so you can choose from the Reports menu again 
C)  allow you edit the settings in the displayed report 
D)  none of the above

Question 17

The date field pop-up calendar shows the range of dates that you can use -

Accepted Answer

A)  by adding red circles to the dates that you can choose 
B)  by adding red circles to the dates that you cannot choose 
C)  by not allowing access to the dates that you cannot choose 
D)  the calendar does not limit the dates that you can choose 
A)  by adding red circles to the dates that you can choose 
B)  by adding red circles to the dates that you cannot choose 
C)  by not allowing access to the dates that you cannot choose 
D)  the calendar does not limit the dates that you can choose

Question 18

The session date appears as the default in a journal transaction window -

Accepted Answer

A)  for all journal transactions 
B)  each time you close the journal and then re-open it 
C)  only when you open the journal for the first time after you change the session date 
D)  after you post a previous journal transaction 
A)  for all journal transactions 
B)  each time you close the journal and then re-open it 
C)  only when you open the journal for the first time after you change the session date 
D)  after you post a previous journal transaction

Question 19

Which statement is not true about the session date -

Accepted Answer

A)  it must be set each time you record an entry 
B)  it is usually the default date for transactions 
C)  it must be set between the earliest transaction date and the beginning of the next fiscal period 
D)  it may be moved backwards to a previous date 
A)  it must be set each time you record an entry 
B)  it is usually the default date for transactions 
C)  it must be set between the earliest transaction date and the beginning of the next fiscal period 
D)  it may be moved backwards to a previous date

Question 20

A variety of reports and financial statements may be viewed by -

Accepted Answer

A)  selecting the reports menu and opening the appropriate choice 
B)  selecting the file menu and opening the appropriate choice 
C)  selecting the view menu and opening the appropriate choice 
D)  selecting the dashboard menu and opening the appropriate choice 
A)  selecting the reports menu and opening the appropriate choice 
B)  selecting the file menu and opening the appropriate choice 
C)  selecting the view menu and opening the appropriate choice 
D)  selecting the dashboard menu and opening the appropriate choice

By moving the mouse over a displayed report -

Which statement is true about the new account wizard -

Which statement about Sage 50 is not true -

Choosing Restore from the home window file menu will -

To see the drill down reports that are available, you would -

The Sage 50 Accounting backup procedure -

When you adjust a general journal entry, Sage 50 -

The journal icons in the home window serve to -

To correct a general journal entry you should -

When short dates such as 11-05-12 are used in Sage 50, to check whether month or day comes first you could -

Which one of the statements about the Sage 50 date system is false -

The general journal input screen will not allow you to post a transaction -

When you open a Sage 50 Accounting data file, to enter the session date -

A purchase of supplies for $2 000 plus $260 HST in the general journal would not be posted -

In the account field of the general journal input screen you cannot -

Choosing the Modify Report option in a displayed report will -

The date field pop-up calendar shows the range of dates that you can use -

The session date appears as the default in a journal transaction window -

Which statement is not true about the session date -

A variety of reports and financial statements may be viewed by -

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Exam 3: Questions Binhs Bins

By moving the mouse over a displayed report -

Which statement is true about the new account wizard -

Which statement about Sage 50 is not true -

Choosing Restore from the home window file menu will -

To see the drill down reports that are available, you would -

The Sage 50 Accounting backup procedure -

When you adjust a general journal entry, Sage 50 -

The journal icons in the home window serve to -

To correct a general journal entry you should -

When short dates such as 11-05-12 are used in Sage 50, to check whether month or day comes first you could -

Which one of the statements about the Sage 50 date system is false -

The general journal input screen will not allow you to post a transaction -

When you open a Sage 50 Accounting data file, to enter the session date -

A purchase of supplies for $2 000 plus $260 HST in the general journal would not be posted -

In the account field of the general journal input screen you cannot -

Choosing the Modify Report option in a displayed report will -

The date field pop-up calendar shows the range of dates that you can use -

The session date appears as the default in a journal transaction window -

Which statement is not true about the session date -

A variety of reports and financial statements may be viewed by -

Questions Getting Started

Questions Gst, Hst and Pst

Questions Love It Again

Questions Groen Fields

Questions Phoebes Photo Studio

Questions Air Care Services

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