Question 1

Which one of the following methods will not allow you to open a new ledger account -

Accepted Answer

A) open the chart of accounts icon and proceed to the file menu 
B) open new accounts when finishing the history for the ledger 
C) select create another while still in the general ledger 
D) select the create tool in any ledger window 
A) open the chart of accounts icon and proceed to the file menu 
B) open new accounts when finishing the history for the ledger 
C) select create another while still in the general ledger 
D) select the create tool in any ledger window

Question 2

When accounts are not in logical order -

Accepted Answer

A) you will be unable to display some reports 
B) you can finish the history but you cannot complete journal entries 
C) your subtotal accounts may be following the subgroup accounts instead of the group accounts 
D) the total of debit and credit amounts in the Trial Balance may be unequal 
A) you will be unable to display some reports 
B) you can finish the history but you cannot complete journal entries 
C) your subtotal accounts may be following the subgroup accounts instead of the group accounts 
D) the total of debit and credit amounts in the Trial Balance may be unequal

Question 3

Which statement about editing accounts is true -

Accepted Answer

A) you may change group accounts to subgroup accounts without a following subgroup total account 
B) you may change subgroups accounts to group accounts 
C) you cannot change group accounts to subgroup accounts 
D) you cannot change account types 
A) you may change group accounts to subgroup accounts without a following subgroup total account 
B) you may change subgroups accounts to group accounts 
C) you cannot change group accounts to subgroup accounts 
D) you cannot change account types

Question 4

You can access the company system settings -

Accepted Answer

A) by clicking the Settings icon in a module home window 
B) by clicking the the Business Assistant icon 
C) by clicking the Maintnence icon in the company module window 
D) by performing any of the above steps 
A) by clicking the Settings icon in a module home window 
B) by clicking the the Business Assistant icon 
C) by clicking the Maintnence icon in the company module window 
D) by performing any of the above steps

Question 5

When changing the system settings what part of the main menu must you select -

Accepted Answer

A) edit 
B) setup 
C) maintenance 
D) none of the above 
A) edit 
B) setup 
C) maintenance 
D) none of the above

Question 6

Which one of the following comments is true of the Sage 50 Accounting program -

Accepted Answer

A) the home window modules may be removed or hidden 
B) the automatic advice may be removed or hidden 
C) the daily business manager lists may be removed or hidden 
D) all of the above are true 
A) the home window modules may be removed or hidden 
B) the automatic advice may be removed or hidden 
C) the daily business manager lists may be removed or hidden 
D) all of the above are true

Question 7

To finish history when you are using only the general journal -

Accepted Answer

A) you can hide all modules and work in the Classic view 
B) you must hide all modules except Company 
C) you must hide all the modules that have essential linked accounts 
D) you do not need to hide the unused modules 
A) you can hide all modules and work in the Classic view 
B) you must hide all modules except Company 
C) you must hide all the modules that have essential linked accounts 
D) you do not need to hide the unused modules

Question 8

What is the purpose of preparing a backup copy of your data before you finish entering the history

Accepted Answer

A) to save your data in case of a malfunction 
B) there is no reason to make a backup before finishing the history 
C) to allow backups to be used after the history is finished 
D) to allow the backup of your data to be done automatically 
A) to save your data in case of a malfunction 
B) there is no reason to make a backup before finishing the history 
C) to allow backups to be used after the history is finished 
D) to allow the backup of your data to be done automatically

Question 9

After starting a new fiscal period on June 1st,the trial balance will show zero balances for Income Statement accounts on June 1st because -

Accepted Answer

A) the May 31st accounts have been closed 
B) the May 31st accounts have not been closed 
C) the June 1st accounts have been closed 
D) the June 1st accounts have not been closed 
A) the May 31st accounts have been closed 
B) the May 31st accounts have not been closed 
C) the June 1st accounts have been closed 
D) the June 1st accounts have not been closed

Question 10

Which of the following statements about changing the session date for a new fiscal period is not true?

Accepted Answer

A) you should make the date change in two steps 
B) you must choose the first date of the new fiscal period as the new session date 
C) you must set the new fiscal end period before the session date 
D) you must not choose a fiscal end date earlier than the session date 
A) you should make the date change in two steps 
B) you must choose the first date of the new fiscal period as the new session date 
C) you must set the new fiscal end period before the session date 
D) you must not choose a fiscal end date earlier than the session date

Question 11

The terminology for icons in module windows -

Accepted Answer

A) is the same for all types of industry 
B) cannot be changed 
C) may change when you select a different industry type 
D) always changes when you select a different industry type 
A) is the same for all types of industry 
B) cannot be changed 
C) may change when you select a different industry type 
D) always changes when you select a different industry type

Question 12

Why are adjusting entries required before closing the books -

Accepted Answer

A) to record previously unrecorded purchases 
B) to record previously unrecorded sales 
C) to adjust all ledger accounts to their correct values at year end 
D) to record previously incorrect entries 
A) to record previously unrecorded purchases 
B) to record previously unrecorded sales 
C) to adjust all ledger accounts to their correct values at year end 
D) to record previously incorrect entries

Question 13

To use only the General Ledger or Company module features,you must -

Accepted Answer

A) hide all other module or pages windows 
B) hide all modules or pages except Company and Payables 
C) hide all modules or pages except Company and Banking 
D) you do not need to hide any other modules because they are not used 
A) hide all other module or pages windows 
B) hide all modules or pages except Company and Payables 
C) hide all modules or pages except Company and Banking 
D) you do not need to hide any other modules because they are not used

Question 14

When you create the Chart of Accounts in Sage 50 -

Accepted Answer

A) subgroup accounts must be followed by a group total 
B) group accounts must be followed by subgroup accounts 
C) group accounts and subgroup totals must be followed by a group total 
D) group headings will be added to the group accounts 
A) subgroup accounts must be followed by a group total 
B) group accounts must be followed by subgroup accounts 
C) group accounts and subgroup totals must be followed by a group total 
D) group headings will be added to the group accounts

Question 15

One of the following is not an option for account numbering -

Accepted Answer

A) showing account numbers in reports 
B) not using account numbers 
C) using account numbers in transactions 
D) using more than four digits for account numbers 
A) showing account numbers in reports 
B) not using account numbers 
C) using account numbers in transactions 
D) using more than four digits for account numbers

Question 16

If June 30th is the session date and the Fiscal Year End,the next session date should be -

Accepted Answer

A) July 1st 
B) July 31st 
C) June 1st 
D) June 30th 
A) July 1st 
B) July 31st 
C) June 1st 
D) June 30th

Question 17

If the fiscal start is Jan.1,the fiscal end is Dec.31,the earliest transaction date is Jul.1 and both the latest transaction and the session dates are Jul.31,you will be unable to enter transactions dated before -

Accepted Answer

A) Jan.1 
B) Jul.1 
C) Jul.31 
D) Dec.31 
A) Jan.1 
B) Jul.1 
C) Jul.31 
D) Dec.31

Question 18

Choose the true statement about group accounts and subgroup accounts -

Accepted Answer

A) the group account is selected when one account is the total for that name 
B) the subgroup selection is required when one account must stand alone 
C) the group accounts types are non- postable accounts 
D) the subgroup accounts are non-postable accounts 
A) the group account is selected when one account is the total for that name 
B) the subgroup selection is required when one account must stand alone 
C) the group accounts types are non- postable accounts 
D) the subgroup accounts are non-postable accounts

Which one of the following methods will not allow you to open a new ledger account -

When accounts are not in logical order -

Which statement about editing accounts is true -

You can access the company system settings -

When changing the system settings what part of the main menu must you select -

Which one of the following comments is true of the Sage 50 Accounting program -

To finish history when you are using only the general journal -

What is the purpose of preparing a backup copy of your data before you finish entering the history

After starting a new fiscal period on June 1^st,the trial balance will show zero balances for Income Statement accounts on June 1^st because -

Which of the following statements about changing the session date for a new fiscal period is not true?

The terminology for icons in module windows -

Why are adjusting entries required before closing the books -

To use only the General Ledger or Company module features,you must -

When you create the Chart of Accounts in Sage 50 -

One of the following is not an option for account numbering -

If June 30^th is the session date and the Fiscal Year End,the next session date should be -

If the fiscal start is Jan.1,the fiscal end is Dec.31,the earliest transaction date is Jul.1 and both the latest transaction and the session dates are Jul.31,you will be unable to enter transactions dated before -

Choose the true statement about group accounts and subgroup accounts -

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Exam 4: Toss for Tots

Which one of the following methods will not allow you to open a new ledger account -

When accounts are not in logical order -

Which statement about editing accounts is true -

You can access the company system settings -

When changing the system settings what part of the main menu must you select -

Which one of the following comments is true of the Sage 50 Accounting program -

To finish history when you are using only the general journal -

What is the purpose of preparing a backup copy of your data before you finish entering the history

After starting a new fiscal period on June 1st,the trial balance will show zero balances for Income Statement accounts on June 1st because -

Which of the following statements about changing the session date for a new fiscal period is not true?

The terminology for icons in module windows -

Why are adjusting entries required before closing the books -

To use only the General Ledger or Company module features,you must -

When you create the Chart of Accounts in Sage 50 -

One of the following is not an option for account numbering -

If June 30th is the session date and the Fiscal Year End,the next session date should be -

If the fiscal start is Jan.1,the fiscal end is Dec.31,the earliest transaction date is Jul.1 and both the latest transaction and the session dates are Jul.31,you will be unable to enter transactions dated before -

Choose the true statement about group accounts and subgroup accounts -

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Lime Light Laundry

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Village Galleries

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Able Associates Advanced Premium Features

Filters

After starting a new fiscal period on June 1^st,the trial balance will show zero balances for Income Statement accounts on June 1^st because -

If June 30^th is the session date and the Fiscal Year End,the next session date should be -