Deck 11: Andersson Chiropractic Clinic

Question 1

To remove a recurring transaction -

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

Answer 1

A

Question 2

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

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

Answer 2

C

Question 3

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

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

Answer 3

D

Question 4

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

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 5

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

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

Question 6

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

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 7

When you enter additional information in a journal -

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

Question 8

Customer deposits and prepayments to suppliers are similar as -

A)both increase the bank balance and use the same journal
B)both are required when an order is placed
C)both are entered as negative amounts because they reduce the amount owing
D)both reduce the amount owing on the invoice

Question 9

When you convert a purchase quote to a purchase order you can edit all of the following except -

A)the shipping date
B)the quantity ordered
C)the quote/order number
D)the unit price for the ordered items

Question 10

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

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

Question 11

When correcting a sales quote error before posting you should -

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

Question 12

The receipts journal is used for all but one of the following -

A)entering cash sales to customers
B)entering deposits from customers
C)entering a customer's NSF cheque
D)entering the receipt of an HST refund

Question 13

Customer deposits are entered as -

A)positive amounts in the sales journal
B)positive amounts in the receipts journal
C)negative amounts in the receipts journal
D)none of the above

Question 14

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

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 15

To convert a purchase quote to a purchase order -

A)select the quote from the quote field list,choose remove the purchase quote and then enter the order
B)select quote as the transaction,select the quote from the Quote No.list,choose convert to order and record the order
C)select quote as the transaction,select the quote from the Quote No.list,fill the quote then enter the order
D)choices a and b are correct

Question 16

Customer deposits are recorded -

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 17

When correcting a purchase order error before posting you should -

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 18

To convert a sales quote to a sales 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 19

Which one of the following general statements is incorrect -

A)pending sales orders have not been filled
B)a sales order is the same as a sales quote
C)you may display customer statements by previewing them
D)management reports are the advice reports customized for your data

Question 20

Which one of the following general statements is 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 21

When you are converting a purchase quote to a purchase order,Sage 50 Accounting asks you to confirm -

A)that you are removing the quote
B)that you are filling the quote
C)that the quote number may not be used again
D)that you are converting the quote to an order

Question 22

Recurring entries may be -

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 23

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

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 24

You can post directly from the daily business manager -

A)any recurring purchase transaction
B)any customer receipt
C)any payment
D)to fill any purchase order

Question 25

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

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 26

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

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 27

When using quotes and orders,Sage 50 Accounting -

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 28

To enter additional information in journal transactions,you must -

A)set up the additional transactions details field for each journal
B)select the option to track additional transactions details in the System settings screen
C)select the option to track additional transactions details in the User Preferences settings screen
D)do nothing,the program automatically allows you to track these details

Question 29

From the daily business manager lists screens -

A)recurring entries can be removed
B)double clicking any detail will not open a journal entry
C)payment of an invoice does not allow discounts
D)none of the above

Question 30

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

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

Question 31

When a regular account customer makes a deposit with a sales order,you should remember -

A)to cancel the deposit when you fill the order
B)to add the deposit amount again when you fill the order
C)to change the method of payment when you fill the order
D)you do not need to do anything special,you can fill the order in the same way as when there is no deposit

Question 32

Which of the following general statements is not correct -

A)double click any detail in daily business manager lists to select the journal entry for posting
B)recall a recurring entry by double clicking the journal from the daily business manager list
C)payments can be made directly from daily business manager list screens
D)you can remove a stored entry from the daily business manager lists screen

Question 33

From the daily business manager Recurring tab screen list,you can post directly without opening a journal)to -

A)the sales journal
B)the receipts journal
C)the purchases journal
D)a & b above

Question 34

When you post a sales journal transaction directly from the daily business manager recurring entries list -

A)you should choose to review or display the journal entry before posting
B)you should post the transactions one at a time so you can review them before posting
C)the program confirms the number of transactions that were posted correctly
D)you cannot post sales from the business manager because you must first add the correct invoice number

Question 35

When you change a purchase quote to a purchase order,you cannot change -

A)the purchase/quote number on the order
B)the quantity ordered
C)the amount or price on the order
D)you can change any of these