Question 1

Which of the following statements is correct about using departmental accounting -

Accepted Answer

A) once you use departments you cannot remove them from the data file 
B) you can add departments any time from the Setup menu,General Settings screen 
C) using departments is the same as using the division ledger 
D) all of the above statements are correct 
A) once you use departments you cannot remove them from the data file 
B) you can add departments any time from the Setup menu,General Settings screen 
C) using departments is the same as using the division ledger 
D) all of the above statements are correct A

Question 2

When you use five-digit account numbers -

Accepted Answer

A) this changes the way you select an account in a journal 
B) you can type four or five digits to enter the account number if the final digit is zero 
C) it is more difficult to locate the account you need for a transaction 
D) you increase the number of accounts you can create for a company data file 
A) this changes the way you select an account in a journal 
B) you can type four or five digits to enter the account number if the final digit is zero 
C) it is more difficult to locate the account you need for a transaction 
D) you increase the number of accounts you can create for a company data file D

Question 3

The Balance Sheet for a single department may not be balanced because -

Accepted Answer

A) some purchases using more than one department were entered 
B) some sales using more than one department were entered 
C) tax codes were entered incorrectly 
D) some amounts using more than one department were entered 
A) some purchases using more than one department were entered 
B) some sales using more than one department were entered 
C) tax codes were entered incorrectly 
D) some amounts using more than one department were entered D

Question 4

When you turn on the option to use line discounts -

Accepted Answer

A) you must enter the discount rate at the same time so that it will automatically appear in the journal 
B) the line discount rate feature is available in the sales journal 
C) the same line discount rate (percentage)is applied to all invoice lines in the sale as soon as you enter it on one line 
D) the early payment discount rate is updated to include the additional line discount 
A) you must enter the discount rate at the same time so that it will automatically appear in the journal 
B) the line discount rate feature is available in the sales journal 
C) the same line discount rate (percentage)is applied to all invoice lines in the sale as soon as you enter it on one line 
D) the early payment discount rate is updated to include the additional line discount

Question 5

Departmental information cannot be added to a journal entry when -

Accepted Answer

A) balance sheet accounts are involved because departmental accounting applies only to income and expense accounts 
B) you forgot to add the department for the supplier or customer in the ledger record 
C) the entry uses only linked accounts and more than one department is involved in the transaction 
D) a sale uses more than one revenue account or a purchase uses more than one expense account 
A) balance sheet accounts are involved because departmental accounting applies only to income and expense accounts 
B) you forgot to add the department for the supplier or customer in the ledger record 
C) the entry uses only linked accounts and more than one department is involved in the transaction 
D) a sale uses more than one revenue account or a purchase uses more than one expense account

Question 6

The discount from entering a line discount in the sales journal -

Accepted Answer

A) is applied immediately as a debit to the sales discount revenue account 
B) is applied when the invoice is paid 
C) is applied immediately to a separate linked line discount account 
D) is applied immediately to reduce the amount credited to the revenue account 
A) is applied immediately as a debit to the sales discount revenue account 
B) is applied when the invoice is paid 
C) is applied immediately to a separate linked line discount account 
D) is applied immediately to reduce the amount credited to the revenue account

Question 7

When you choose to use line discounts -

Accepted Answer

A) you must enter a rate for the entire sales invoice 
B) you must enter a rate for each line in the sales invoice 
C) you can choose not to enter a discount for the sales invoice 
D) you can enter a discount only for customers who have a discount rate entered in their ledger records 
A) you must enter a rate for the entire sales invoice 
B) you must enter a rate for each line in the sales invoice 
C) you can choose not to enter a discount for the sales invoice 
D) you can enter a discount only for customers who have a discount rate entered in their ledger records

Question 8

If the line discount columns are missing in the sales invoices journal window -

Accepted Answer

A) you have selected a customer who does not qualify for the discount 
B) the line discount feature is not selected in the receivables ledger settings 
C) you have entered an item or service that is not eligible for the discount 
D) you have not entered a linked account for the line discount 
A) you have selected a customer who does not qualify for the discount 
B) the line discount feature is not selected in the receivables ledger settings 
C) you have entered an item or service that is not eligible for the discount 
D) you have not entered a linked account for the line discount

Question 9

To add a department to an account in a journal entry -

Accepted Answer

A) choose a supplier or customer that has a department added to the ledger 
B) click the + icon beside the account in the select account list and choose the department 
C) there is no need to add the department because the account's ledger record has the information and it is added automatically 
D) none of the above 
A) choose a supplier or customer that has a department added to the ledger 
B) click the + icon beside the account in the select account list and choose the department 
C) there is no need to add the department because the account's ledger record has the information and it is added automatically 
D) none of the above

Question 10

If you add departments to an account -

Accepted Answer

A) the department is added automatically to the journal when you choose the account 
B) the department is added automatically to the journal if it is the only department linked to the account 
C) you must choose the department for the account in a journal to add it to the transaction 
D) you can change the default department for an account in the journal 
A) the department is added automatically to the journal when you choose the account 
B) the department is added automatically to the journal if it is the only department linked to the account 
C) you must choose the department for the account in a journal to add it to the transaction 
D) you can change the default department for an account in the journal

Question 11

To start using departmental accounting -

Accepted Answer

A) choose add departments from the company settings screen 
B) choose departments from the setup menu,general settings 
C) change the division ledger name to department,open the department ledger and create departments 
D) none of the above - departmental accounting is turned on automatically in the premium version 
A) choose add departments from the company settings screen 
B) choose departments from the setup menu,general settings 
C) change the division ledger name to department,open the department ledger and create departments 
D) none of the above - departmental accounting is turned on automatically in the premium version

Question 12

You can add departments to -

Accepted Answer

A) accounts 
B) supplier and customer records 
C) journal entries 
D) all of the above 
A) accounts 
B) supplier and customer records 
C) journal entries 
D) all of the above

Question 13

Department information is added to customer records from -

Accepted Answer

A) the department information setup screen 
B) the customer ledger options tab screen 
C) customer ledger address tab screen 
D) the customer ledger department tab screen 
A) the department information setup screen 
B) the customer ledger options tab screen 
C) customer ledger address tab screen 
D) the customer ledger department tab screen

Question 14

When you use five-digit account numbers,asset account numbers can range from -

Accepted Answer

A) 1000 to 19999 
B) 10000 to 10999 
C) 10000 to 19990 
D) 10000 to 19999 
A) 1000 to 19999 
B) 10000 to 10999 
C) 10000 to 19990 
D) 10000 to 19999

Question 15

Departmental report options can include -

Accepted Answer

A) an income statement for departments 
B) adding departments to journal reports 
C) showing supplier and customer aged reports by departments 
D) all of the above 
A) an income statement for departments 
B) adding departments to journal reports 
C) showing supplier and customer aged reports by departments 
D) all of the above

Question 16

Department account information is automatically added to all accounts in journal entries -

Accepted Answer

A) when the selected supplier or customer has a department entered in the ledger record 
B) when the selected supplier or customer has a departmental account as the default account in the ledger record 
C) when the selected supplier or customer has a department and a departmental account as the default account in the ledger record 
D) when you select one departmental account in the journal,the department is automatically added to all the linked accounts for the transaction 
A) when the selected supplier or customer has a department entered in the ledger record 
B) when the selected supplier or customer has a departmental account as the default account in the ledger record 
C) when the selected supplier or customer has a department and a departmental account as the default account in the ledger record 
D) when you select one departmental account in the journal,the department is automatically added to all the linked accounts for the transaction

Question 17

When you add departments to accounts -

Accepted Answer

A) you may choose one or more departments for each account 
B) you can choose only one department for each account 
C) you must choose a department for each account 
D) b and c above 
A) you may choose one or more departments for each account 
B) you can choose only one department for each account 
C) you must choose a department for each account 
D) b and c above

Question 18

You can add departments to general ledger accounts from -

Accepted Answer

A) the department information setup screen 
B) the general ledger record departments tab screen 
C) the general ledger record accounts tab screen 
D) methods a and b may be used to add departments to accounts 
A) the department information setup screen 
B) the general ledger record departments tab screen 
C) the general ledger record accounts tab screen 
D) methods a and b may be used to add departments to accounts

Question 19

When you add departments to supplier records -

Accepted Answer

A) you may choose one department for each supplier 
B) you may choose several departments for each supplier 
C) you must add department information for each supplier 
D) you must activate the option to add departments to suppliers 
A) you may choose one department for each supplier 
B) you may choose several departments for each supplier 
C) you must add department information for each supplier 
D) you must activate the option to add departments to suppliers

Which of the following statements is correct about using departmental accounting -

When you use five-digit account numbers -

The Balance Sheet for a single department may not be balanced because -

When you turn on the option to use line discounts -

Departmental information cannot be added to a journal entry when -

The discount from entering a line discount in the sales journal -

When you choose to use line discounts -

If the line discount columns are missing in the sales invoices journal window -

To add a department to an account in a journal entry -

If you add departments to an account -

To start using departmental accounting -

You can add departments to -

Department information is added to customer records from -

When you use five-digit account numbers,asset account numbers can range from -

Departmental report options can include -

Department account information is automatically added to all accounts in journal entries -

When you add departments to accounts -

You can add departments to general ledger accounts from -

When you add departments to supplier records -

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Exam 19: Able Associates Advanced Premium Features

Which of the following statements is correct about using departmental accounting -

When you use five-digit account numbers -

The Balance Sheet for a single department may not be balanced because -

When you turn on the option to use line discounts -

Departmental information cannot be added to a journal entry when -

The discount from entering a line discount in the sales journal -

When you choose to use line discounts -

If the line discount columns are missing in the sales invoices journal window -

To add a department to an account in a journal entry -

If you add departments to an account -

To start using departmental accounting -

You can add departments to -

Department information is added to customer records from -

When you use five-digit account numbers,asset account numbers can range from -

Departmental report options can include -

Department account information is automatically added to all accounts in journal entries -

When you add departments to accounts -

You can add departments to general ledger accounts from -

When you add departments to supplier records -

Getting Started

GST,hST and PST

Binhs Bins

Love It Again

Groen Fields

Phoebes Photo Studio

Air Care Services

Helenas Academy

Northern Lights

Flabuless Fitness

Andersson Chiropractic Clinic

Maple Leaf Rags

Shady Corners

Sound Inc

Tesses Tresses

Velocity

Ryders Routes Advanced Premium Features

Filters