Question 1

Which one of the following general statements is correct -

Accepted Answer

A) posting creates a permanent record of the accounting transaction 
B) you may type account numbers directly into account fields 
C) you may choose to change the session date from the maintenance menu 
D) all of the above 
A) posting creates a permanent record of the accounting transaction 
B) you may type account numbers directly into account fields 
C) you may choose to change the session date from the maintenance menu 
D) all of the above

Question 2

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 3

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 4

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 5

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

Question 6

Sorted and filtered reports differ in that -

Accepted Answer

A) sorting organizes the report details and filtering selects the records included 
B) sorting is a customizing option and filtering is a report option 
C) different criteria are used for sorting and filtering 
D) they are both methods of customizing reports 
A) sorting organizes the report details and filtering selects the records included 
B) sorting is a customizing option and filtering is a report option 
C) different criteria are used for sorting and filtering 
D) they are both methods of customizing reports

Question 7

When you do not change the default session date in a journal transaction -

Accepted Answer

A) the transaction will be posted with the session date as the transaction posting date 
B) it does not matter because transactions are always posted with the session date 
C) it does not matter because the session date is always the same as the posting date 
D) you will be reminded to change the date when you try to post the transaction 
A) the transaction will be posted with the session date as the transaction posting date 
B) it does not matter because transactions are always posted with the session date 
C) it does not matter because the session date is always the same as the posting date 
D) you will be reminded to change the date when you try to post the transaction

Question 8

To customize reports you should -

Accepted Answer

A) create a new report template and save it 
B) display the default report and then redo it with the new options 
C) use the last used report options template 
D) none of the above 
A) create a new report template and save it 
B) display the default report and then redo it with the new options 
C) use the last used report options template 
D) none of the above

Question 9

Sage 50 provides a complete audit trail by -

Accepted Answer

A) recording original transactions in a journal 
B) posting the journal amounts into a ledger 
C) numbering and referencing each transaction 
D) all of the above statements are correct 
A) recording original transactions in a journal 
B) posting the journal amounts into a ledger 
C) numbering and referencing each transaction 
D) all of the above statements are correct

Question 10

To see the corrected version of a journal entry prior to posting with the adjust a posted entry tool -

Accepted Answer

A) choose show corrections in the journal report options window 
B) choose show corrections from the reports menu 
C) choose show corrections from the displayed journal report options menu 
D) do nothing,the corrected journal entry is always included in the report 
A) choose show corrections in the journal report options window 
B) choose show corrections from the reports menu 
C) choose show corrections from the displayed journal report options menu 
D) do nothing,the corrected journal entry is always included in the report

Question 11

You can access the option to Modify reports from the -

Accepted Answer

A) modify report options window 
B) the Reports menu in the home window 
C) the displayed report File menu 
D) none of the above 
A) modify report options window 
B) the Reports menu in the home window 
C) the displayed report File menu 
D) none of the above

Question 12

To reverse a general journal entry,you should -

Accepted Answer

A) click the reverse entry tool in an empty journal window to open the search screen 
B) click the reverse entry tool in the home window to open the search window 
C) click the reverse entry tool in the displayed journal report to open the adjust entry screen 
D) click the reverse entry tool in the adjusting entry screen 
A) click the reverse entry tool in an empty journal window to open the search screen 
B) click the reverse entry tool in the home window to open the search window 
C) click the reverse entry tool in the displayed journal report to open the adjust entry screen 
D) click the reverse entry tool in the adjusting entry screen

Question 13

You can customize reports by -

Accepted Answer

A) selecting the columns to be displayed in a report 
B) changing the order in which report information is displayed 
C) choosing criteria for including information in the report 
D) doing any of the above 
A) selecting the columns to be displayed in a report 
B) changing the order in which report information is displayed 
C) choosing criteria for including information in the report 
D) doing any of the above

Question 14

What does it mean if a field,menu option or tool on your input screen is dimmed -

Accepted Answer

A) your computer monitor is shutting down 
B) your frequency settings are not functioning 
C) you will not be allowed to use that feature at this time 
D) your frequency settings are functioning 
A) your computer monitor is shutting down 
B) your frequency settings are not functioning 
C) you will not be allowed to use that feature at this time 
D) your frequency settings are functioning

Question 15

Upon opening a file,the session date dialog box shows -

Accepted Answer

A) the date that the accounting transactions must be recorded 
B) the session date previously entered 
C) that session dates have a special format - month,day,year 
D) that session dates must be set to the end of the month 
A) the date that the accounting transactions must be recorded 
B) the session date previously entered 
C) that session dates have a special format - month,day,year 
D) that session dates must be set to the end of the month

Question 16

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 17

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 18

If you reversed the order of transactions in your latest General Journal Report,the next time you view the report -

Accepted Answer

A) the transactions will be displayed in their standard (not reversed)order 
B) the transactions will be displayed in the reversed order 
C) you will need to modify the report options again before you can view the report 
D) you should view the transactions from the home window Recently Viewed Reports pane to see the standard (not reversed)order 
A) the transactions will be displayed in their standard (not reversed)order 
B) the transactions will be displayed in the reversed order 
C) you will need to modify the report options again before you can view the report 
D) you should view the transactions from the home window Recently Viewed Reports pane to see the standard (not reversed)order

Question 19

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 20

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

Which one of the following general statements is correct -

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

Which statement is not true about the session date -

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

Which statement is true about the new account wizard -

Sorted and filtered reports differ in that -

When you do not change the default session date in a journal transaction -

To customize reports you should -

Sage 50 provides a complete audit trail by -

To see the corrected version of a journal entry prior to posting with the adjust a posted entry tool -

You can access the option to Modify reports from the -

To reverse a general journal entry,you should -

You can customize reports by -

What does it mean if a field,menu option or tool on your input screen is dimmed -

Upon opening a file,the session date dialog box shows -

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

When you adjust a general journal entry,Sage 50 -

If you reversed the order of transactions in your latest General Journal Report,the next time you view the report -

The Sage 50 Accounting backup procedure -

The journal icons in the home window serve to -

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Exam 3: Binhs Bins

Which one of the following general statements is correct -

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

Which statement is not true about the session date -

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

Which statement is true about the new account wizard -

Sorted and filtered reports differ in that -

When you do not change the default session date in a journal transaction -

To customize reports you should -

Sage 50 provides a complete audit trail by -

To see the corrected version of a journal entry prior to posting with the adjust a posted entry tool -

You can access the option to Modify reports from the -

To reverse a general journal entry,you should -

You can customize reports by -

What does it mean if a field,menu option or tool on your input screen is dimmed -

Upon opening a file,the session date dialog box shows -

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

When you adjust a general journal entry,Sage 50 -

If you reversed the order of transactions in your latest General Journal Report,the next time you view the report -

The Sage 50 Accounting backup procedure -

The journal icons in the home window serve to -

Getting Started

GST,hST and PST

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

Able Associates Advanced Premium Features

Filters