SAGE Exam Questions and Answers

SAGE Exam What are the types of items that available in Sage 50 - Answer- Inventory and Service Items What is the benefit of entering services in the Inventory & Services ledger - Answer- It saves time, also provides detailed reports What is the required field when setting up service items - Answer- Item Number Default price list - Answer- Regular, Preferred, Web Price Items in Sage 50 saves time during data entry - Answer- True Inventory & Service reports can be filtered to display services only - Answer- True Service type items, linked tab only includes 2 accounts - Answer- True The number of price lists in Sage 50 pre is 10 and Sage 50 quantum is 100 - Answer- False Available payment methods in the sales journal - Answer- Pay later, Cash, Cheque, (Pad) Pre authorized debit, Amex, Visa, MasterCard When Pay later is selected in the Invoice what account is used - Answer- accounts receivable and customers account What journal and fields are used when recording a deposit - Answer- Receipts journal, Deposit amount and total Credit limits are recorded in the statistics tab - Answer- true Invoices cannot be posted if the customer exceeds their limit - Answer- False Customers payments and deposits are entered to the Receipts journal - Answer- true You can not email invoices only print - Answer- False You cannot customize the Sales Journal - Answer- False You can create sales invoices from quotes or orders - Answer- True You can access and print customers statements from the Report Centre - Answer- False Customer Aged Summary report displays how much each customer owes us - Answer- True Partial payments can be made to an invoice - Answer- True A prepayment appears as a negative amount on the report - Answer- False You can make payments in the purchase journal window - Answer- True