Exam (elaborations)
Sage quiz 2 Questions & answers
Sage quiz 2 Questions & answers
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Sage quiz 2List the seven report viewer buttons. - ANS-Print, print preview, change print settings,
export, open in excel, modify and refresh.
What is the statement of cash flow? - ANS-A report that describes where your money
came from and where it went over a certain period in the past.
Reports cannot be modified if they are generated using the report centre. - ANS-False
The comparative balance sheet compares the current period with the previous
accounting period. - ANS-True
The multi-period income statement allows you to compare revenue, expense, and net
income details over several periods. - ANS-True
Financial reports in the Report Centre are limited to Balance sheets, Income statement,
Trial balances, and Statement of cash flows. - ANS-False
Reports can be customized and assigned to a report group. - ANS-True
Reports cannot be grouped for batch printing. - ANS-False
Explain the steps used to batch process recurring entries and vendor payments in the
Daily Business Manager. - ANS-1). Open Daily Business Manager
2). Select notes and to do lists
3). Click the tab for the type of process
4). Click the question mark beside all the transactions you want to process
5). If you want to print, click the print column
6). Click post
The daily business manager is used to: - ANS-Assist with processing payments more
efficiently
Easily process frequently used transactions
Create to do list
Evaluate business performance
Sage 50 includes a management report that lists customers who are over their credit
limit - ANS-False
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