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Sage 1 Exam Questions and Answers 100% Pass

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Sage 1 Exam Questions and Answers 100% Pass Which option is presented on the sage 50 accounting welcome and select screen? *Open a sample company *Create a new company *Select an existing company The "save as" function will... make a copy, close the original file and keep the new file ope...

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  • May 17, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • sage 1 exam questions and answers 100 pass which

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Sage 1 Exam Questions and Answers 100%
Pass
Which option is presented on the sage 50 accounting welcome and select screen?
*Open a sample company
*Create a new company
*Select an existing company


The "save as" function will...
make a copy, close the original file and keep the new file open


How much will the remittance to the Receiver General be?
IF a province has a 13% HST and GST is 5%, a company has the following account balances
HST collected on sales $1300
HST paid on purchases $1100
$200


When using the new account wizard to create a General ledger account, which of the following are
you NOT able to do?
Enter an opening balance for the account.


When moving the mouse pointer over a report and it changes to an icon looking like a magnifying
glass with a plus sign inside it, you can...
See the available "drill down reports"


Accounts that can be deleted and accounts with a negative balance are examples of what type of
reports?
Management reports


Account types for GST Charges on Sales, GST Paid on Purchases and GST owing(refund) should be...
Account types A,A,S for the above order.


When changing the default settings to reflect company information, such as name and address, fiscal
dates, screen display preferences and Chart of Accounts, what menu must you select?
Setup


After you have finished entering historical data, you will not be able to...
add opening account balances


What is the default transaction type in the Payments Journal?
Pay Invoices


The HST on purchases is recorded in...
the HST paid on purchases account entered as a debit amount.

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