Chapter 12 & 13 Sage Exam Questions and Answers 100% Pass
Merchandising businesses purchase the merchandise they sell from suppliers known as:
Vendors
A purchase return to a vendor is recorded on the Vendor Credit Memos window as follows:
Select Vendor > Invoice number > quantity retu...
Chapter 12 & 13 Sage Exam Questions and
Answers 100% Pass
Merchandising businesses purchase the merchandise they sell from suppliers known as:
Vendors
A purchase return to a vendor is recorded on the Vendor Credit Memos window as follows:
Select Vendor > Invoice number > quantity returned.
When paying vendors, minus a return of merchandise:
Click on the "Pay" box for the invoice as the purchase return is automatically calculated.
If the "A/P Account" field and "GL Account" column are not shown, what Sage 50 menu-bar selection
should you check?
Options > Global > uncheck Hide General Ledger Accounts.
When setting up a new company in Sage 50, select five-digit Chart of Account numbers from the:
Detailed list.
To start journal entries on January 1, 2019, select December 1-31, 2018 as the chart of accounts
beginning balance period.
True
Sage 50 uses the periodic inventory systems, which means inventory items are not updated until the
end of the accounting period.
False
Both the selling price and unit cost defaults are set up on the Maintain Inventory Items window.
True
The form you select for printing checks is tied to the kind of printer you are using. Depending on your
printer, you may need to make a different selection when printing forms.
True
On the Purchase/Receive Inventory window, you can record one type of entry-vendor purchase
invoices.
False
In Chapter 13, to make sure you are starting in the correct place in the data display the following
reports:
Chapter 12's general ledger trial balance.
The Maintain Customer/Prospects window allows the user to keep track of the following information:
All of the above.
Customer address/billing information.
Customer shipping, pricing and returns.
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