Exam (elaborations)
Sage 50 - Ch. 3 Review Questions and Correct Answers 2024/2025
- Course
- Institution
Sage 50 - Ch. 3 Review Questions and Correct Answers 2024/2025
[Show more]
Content preview
Sage 50 - Ch. 3 Review Questions1. Which one of the statements about the Sage 50 "date" device is fake -
A) the posting date is the date of the transaction
B) the consultation date can be advanced with the aid of multiple week
C) the consultation date is the primary posting date for a series of later transactions
D) the session date is the date you're recording transactions - ANSC) the session date is the
primary posting date for a series of later transactions
2. Sage 50 affords a complete audit path through -
A) recording authentic transactions in a magazine
B) posting the magazine quantities into a ledger
C) numbering and referencing each transaction
D) all of the above statements are correct - ANSD) all the above statements are accurate
three. Advantages of using the Sage 50 program over a guide accounting machine consist of -
A) Sage 50 creates jobs because it requires more people to key in records
B) thru recording journal entries, all ledgers and reports are updated
C) you are unable to set reminders "daily enterprise supervisor lists" for reviews, and so forth.
D) alternatives a and c are accurate - ANSB) thru recording journal entries, all ledgers and
reviews are updated
4. The trendy journal enter screen will not can help you post a transaction -
A) unless the debit amounts exceed the credit amounts
B) unless the credit score amounts exceed the debit quantities
C) until the debit quantities are same to the credit quantities
D) unless you select to display the overall journal entry first - ANSC) except the debit amounts
are identical to the credit quantities
five. A purchase of substances for $2,000 plus $one hundred GST in the fashionable magazine
might not be posted -
A) if the Supplies and GST have been recorded as credit and Accounts Payable as debits
B) if the GST turned into left out and the Accounts Payable credit score changed into $2,000
C) if the GST changed into omitted, Supplies debit was $2,a hundred and Accounts Payable
credit score become $2,a hundred
D) if the debit amounts did now not equal the credit quantities - ANSD) if the debit quantities did
no longer equal the credit quantities
, 6. A range of stories and economic statements may be considered by using -
A) selecting the reviews menu and starting the proper choice
B) deciding on the document menu and commencing the precise preference
C) choosing the view menu and starting the precise desire
D) choosing the graphs menu and beginning the perfect choice - ANSA) selecting the reports
menu and beginning the precise desire
7. Which one of the following wellknown statements is incorrect -
A) you can not put up an entry if debits do no longer balance credits
B) you should put up an entry in an effort to review or display it
C) showing your standard journal access may additionally find errors
D) all the above are accurate - ANSB) you should publish an access on the way to overview or
display it
eight. The following General Journal Report "alternatives" must be chosen -
A) by date order
B) by using magazine variety
C) start and end dates
D) none of the above - ANSC) start and end dates
nine. When within the "account" subject of the overall magazine input display screen you cannot
-
A) kind the account call inside the account discipline
B) type within the first digit of the account to boost to that section of the account listing
C) pick the call from the "pick account" list
D) kind in the account wide variety - ANSA) type the account call in the account field
10. By shifting the "mouse" over a displayed report -
A) you could see the to be had "drill-down" reviews
B) you could pick out to print the file
C) "drill-down" record alternatives at numerous ranges are continually available
D) you could pick out to keep the report - ANSA) you can see the available "drill-down" reports
eleven. Which one of the following widespread statements is correct -
A) posting creates a everlasting record of the accounting transaction
B) you may type account numbers directly under consideration fields
C) you can pick out to exchange the session date from the renovation menu
D) all of the above - ANSD) all the above
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ascore. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now