Question 1

When you enter additional information in a journal -

Accepted Answer

A) to edit this information you should click the additional information tool in the home window 
B) the program will remind you if you forget to add the additional information 
C) the additional information is always added to journal reports 
D) you can view this information when you display the journal entry 
A) to edit this information you should click the additional information tool in the home window 
B) the program will remind you if you forget to add the additional information 
C) the additional information is always added to journal reports 
D) you can view this information when you display the journal entry D

Question 2

All but one of the following are true about daily business manager lists -

Accepted Answer

A) they provide a diary or reminder system for things to do 
B) they are dated automatically for one week past the session date 
C) they are activated at startup from the maintenance menu 
D) double click any detail and the journal entry appears for posting 
A) they provide a diary or reminder system for things to do 
B) they are dated automatically for one week past the session date 
C) they are activated at startup from the maintenance menu 
D) double click any detail and the journal entry appears for posting C

Question 3

If you accidentally posted an invoice to fill a purchase order,but never used the purchase order,you might -

Accepted Answer

A) leave it - it does not matter 
B) look up the order and adjust it 
C) look up the order and remove it 
D) look up the invoice and pay the amount owing 
A) leave it - it does not matter 
B) look up the order and adjust it 
C) look up the order and remove it 
D) look up the invoice and pay the amount owing C

Question 4

Customer deposits are recorded -

Accepted Answer

A) as debits to accounts receivable for the customer 
B) as negative sales invoices 
C) as credits to accounts receivable for the customer 
D) when the customer makes a partial payment on account 
A) as debits to accounts receivable for the customer 
B) as negative sales invoices 
C) as credits to accounts receivable for the customer 
D) when the customer makes a partial payment on account

Question 5

When correcting a purchase order error before posting you should -

Accepted Answer

A) open a new purchase order and enter the correct work 
B) remove the purchase order from the edit menu 
C) select the incorrect fields)in the journal and input the correct data 
D) re-select from suppliers list 
A) open a new purchase order and enter the correct work 
B) remove the purchase order from the edit menu 
C) select the incorrect fields)in the journal and input the correct data 
D) re-select from suppliers list

Question 6

Which one of the following general statements is correct -

Accepted Answer

A) a sales discount is recorded as a negative amount in the receipts journal 
B) a sale return is recorded as a negative amount in the sales journal 
C) an advance from a customer is entered as a negative amount in the receipts journal 
D) all of the above statements are correct 
A) a sales discount is recorded as a negative amount in the receipts journal 
B) a sale return is recorded as a negative amount in the sales journal 
C) an advance from a customer is entered as a negative amount in the receipts journal 
D) all of the above statements are correct

Question 7

Which of the following statements is true about entering additional information for journal entries -

Accepted Answer

A) you can record any comment and/or date as additional information for journal entries 
B) additional information fields are available only to record cheque numbers for customer receipts 
C) the additional information fields are the same in all journals 
D) a and c above are correct 
A) you can record any comment and/or date as additional information for journal entries 
B) additional information fields are available only to record cheque numbers for customer receipts 
C) the additional information fields are the same in all journals 
D) a and c above are correct

Question 8

To add a deposit amount to a sales order after recording the order,you would -

Accepted Answer

A) reverse the original order and create a new order with the deposit added 
B) bring the order to the screen and adjust it to change the payment method and enter the deposit amount 
C) bring the order to the screen,fill it and add the deposit as a partial payment 
D) you cannot change the payment method so you must enter the deposit in the receipts journal 
A) reverse the original order and create a new order with the deposit added 
B) bring the order to the screen and adjust it to change the payment method and enter the deposit amount 
C) bring the order to the screen,fill it and add the deposit as a partial payment 
D) you cannot change the payment method so you must enter the deposit in the receipts journal

Question 9

When you pay a purchase invoice after entering a deposit on the purchase order -

Accepted Answer

A) you must pay or mark as paid both the invoice amount and the deposit 
B) edit the payment amount on the invoice line to remove the deposit 
C) the deposit is already taken to reduce the invoice amount owing 
D) none of the above,you cannot enter deposits on purchase orders 
A) you must pay or mark as paid both the invoice amount and the deposit 
B) edit the payment amount on the invoice line to remove the deposit 
C) the deposit is already taken to reduce the invoice amount owing 
D) none of the above,you cannot enter deposits on purchase orders

Question 10

When customers settle their accounts in full after you enter deposits in the receipts journal -

Accepted Answer

A) you must pay or mark as paid both the invoice amount and the deposit 
B) the net amount owing appears on the invoice line 
C) the net amount owing appears on the deposit line 
D) the deposit is already taken to reduce the invoice amount owing 
A) you must pay or mark as paid both the invoice amount and the deposit 
B) the net amount owing appears on the invoice line 
C) the net amount owing appears on the deposit line 
D) the deposit is already taken to reduce the invoice amount owing

Question 11

To convert a sales quote to a sales order -

Accepted Answer

A) select the quote from the quote field list,choose remove sales quote and then enter the order 
B) enter a new sales order with the correct information 
C) select quote as the transaction,select the quote from the Quote No.list and fill the quote 
D) select order as the transaction,select the quote from the Quote No.list and convert to the order 
A) select the quote from the quote field list,choose remove sales quote and then enter the order 
B) enter a new sales order with the correct information 
C) select quote as the transaction,select the quote from the Quote No.list and fill the quote 
D) select order as the transaction,select the quote from the Quote No.list and convert to the order

Question 12

When using quotes and orders,Sage 50 Accounting -

Accepted Answer

A) updates sales quote numbers automatically 
B) updates sales order numbers automatically 
C) updates purchase quote and purchase order numbers automatically 
D) all of the above 
A) updates sales quote numbers automatically 
B) updates sales order numbers automatically 
C) updates purchase quote and purchase order numbers automatically 
D) all of the above

Question 13

The No.field in the receipts journal is used to enter -

Accepted Answer

A) the invoice number 
B) the customer's cheque number 
C) the receipt number 
D) b or c above 
A) the invoice number 
B) the customer's cheque number 
C) the receipt number 
D) b or c above

Question 14

To remove a recurring transaction -

Accepted Answer

A) recall the recurring transaction and remove it 
B) recall the recurring transaction,edit it and then store it again 
C) recall the recurring transaction,choose the edit menu and remove 
D) none of the above 
A) recall the recurring transaction and remove it 
B) recall the recurring transaction,edit it and then store it again 
C) recall the recurring transaction,choose the edit menu and remove 
D) none of the above

Question 15

Payments Due in daily business manager lists contain date information that shows -

Accepted Answer

A) the number of days remaining till the invoice is due 
B) the date that the payment is due 
C) with negative numbers that the invoice is overdue 
D) with positive numbers that the discount is still available 
A) the number of days remaining till the invoice is due 
B) the date that the payment is due 
C) with negative numbers that the invoice is overdue 
D) with positive numbers that the discount is still available

Question 16

Debit card payments in a sales invoice with regular terms of net 30 will -

Accepted Answer

A) debit the bank account instead of accounts receivable for the full invoice amount 
B) credit the bank account instead of accounts receivable for the full invoice amount 
C) reduce the bank deposit by the amount of the card transaction fees 
D) withdraw the full invoice amount from the customer's bank account in 30 days when the net amount is due 
A) debit the bank account instead of accounts receivable for the full invoice amount 
B) credit the bank account instead of accounts receivable for the full invoice amount 
C) reduce the bank deposit by the amount of the card transaction fees 
D) withdraw the full invoice amount from the customer's bank account in 30 days when the net amount is due

Question 17

Recurring entries may be -

Accepted Answer

A) recalled from daily business manager lists and removed at that point 
B) recalled from daily business manager lists for purchases and sales 
C) recalled from daily business manager lists and posted in the appropriate journal 
D) listed in the daily business manager to provide a summary for checking on upcoming transactions 
A) recalled from daily business manager lists and removed at that point 
B) recalled from daily business manager lists for purchases and sales 
C) recalled from daily business manager lists and posted in the appropriate journal 
D) listed in the daily business manager to provide a summary for checking on upcoming transactions

Question 18

The Convert drop-down list of options for sales and purchases journals allows you -

Accepted Answer

A) to remove a quote so you can change it to an order 
B) to remove an order so you can change it to an invoice 
C) convert orders to quotes before filling them 
D) convert quotes or orders to invoices 
A) to remove a quote so you can change it to an order 
B) to remove an order so you can change it to an invoice 
C) convert orders to quotes before filling them 
D) convert quotes or orders to invoices

Question 19

The purchase order and the purchase invoice that fills the order differ as to -

Accepted Answer

A) the shipping date 
B) the amount of the purchase order/invoice 
C) the amount of the GST paid 
D) the address of the supplier 
A) the shipping date 
B) the amount of the purchase order/invoice 
C) the amount of the GST paid 
D) the address of the supplier

Question 20

When correcting a sales quote error before posting you should -

Accepted Answer

A) open a new sales quote and enter the correct work 
B) remove the sales quote from the edit menu 
C) select the incorrect fields)in the journal and input the correct data 
D) re-select from customers list 
A) open a new sales quote and enter the correct work 
B) remove the sales quote from the edit menu 
C) select the incorrect fields)in the journal and input the correct data 
D) re-select from customers list

When you enter additional information in a journal -

All but one of the following are true about daily business manager lists -

If you accidentally posted an invoice to fill a purchase order,but never used the purchase order,you might -

Customer deposits are recorded -

When correcting a purchase order error before posting you should -

Which one of the following general statements is correct -

Which of the following statements is true about entering additional information for journal entries -

To add a deposit amount to a sales order after recording the order,you would -

When you pay a purchase invoice after entering a deposit on the purchase order -

When customers settle their accounts in full after you enter deposits in the receipts journal -

To convert a sales quote to a sales order -

When using quotes and orders,Sage 50 Accounting -

The No.field in the receipts journal is used to enter -

To remove a recurring transaction -

Payments Due in daily business manager lists contain date information that shows -

Debit card payments in a sales invoice with regular terms of net 30 will -

Recurring entries may be -

The Convert drop-down list of options for sales and purchases journals allows you -

The purchase order and the purchase invoice that fills the order differ as to -

When correcting a sales quote error before posting you should -

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Exam 11: Andersson Chiropractic Clinic

When you enter additional information in a journal -

All but one of the following are true about daily business manager lists -

If you accidentally posted an invoice to fill a purchase order,but never used the purchase order,you might -

Customer deposits are recorded -

When correcting a purchase order error before posting you should -

Which one of the following general statements is correct -

Which of the following statements is true about entering additional information for journal entries -

To add a deposit amount to a sales order after recording the order,you would -

When you pay a purchase invoice after entering a deposit on the purchase order -

When customers settle their accounts in full after you enter deposits in the receipts journal -

To convert a sales quote to a sales order -

When using quotes and orders,Sage 50 Accounting -

The No.field in the receipts journal is used to enter -

To remove a recurring transaction -

Payments Due in daily business manager lists contain date information that shows -

Debit card payments in a sales invoice with regular terms of net 30 will -

Recurring entries may be -

The Convert drop-down list of options for sales and purchases journals allows you -

The purchase order and the purchase invoice that fills the order differ as to -

When correcting a sales quote error before posting you should -

Getting Started

GST,HST and PST

Muriels Murals

Toss for Tots

Chai Tea Room

Phoebes Photo Studio

Air Care Services

Helenas Academy

Lime Light Laundry

Flabuless Fitness

Maple Leaf Rags

Truman Tires

Village Galleries

Tesses Tresses

Velocity

Ryders Routes Advanced Premium Features

Able Associates Advanced Premium Features

Filters