Started on Monday, 6 May 2024,
9:37 AM
State Finished
Completed on Monday, 6 May 2024,
9:57 AM
Time taken
Grade 25.00 out of 25.00
(100%)
Question 1
Complete
Mark 1.00 out of 1.00
Once you have set up a customer as an
open item customer you cannot change
the account to balance forward. 0 1
Select one:
True
False
Question 2
Complete
Mark 1.00 out of 1.00
It’s important to link the Supplier invoice to
the Goods received Note because it is then
easier to establish that the goods were in
fact received and the supplier can then be
paid for the goods otherwise we might pay
for goods that we in fact never received.
An outstanding orders report allows you to
follow up on what has been ordered and
what must still be delivered.
Select one:
True
False
Question 4
Complete
Mark 1.00 out of 1.00
The purchase order is a supplier document
that updates into the accounting system
as it enables the recording of receipts of
items with their invoice value.
Select one:
True
False
Question 5
Complete
Mark 1.00 out of 1.00
Which Pastel Partner main menu will you
use to prepare a Debit Note
Jumping Jack a manufacturer of children’s
trampolines operates on a strict 30day
payment term, at the end of April 2023, as
the accounting supervisor is reviewing the
Customer age analysis, she is surprised to
see that Funland has a balance in the 60-
day column as well as in the current
column. Which built-in control was not
selected which could have indicated that
Funland was overdue but still purchasing
from Jumping Jack
a. Supervisor authorisation when
overdue
b. Warn overdue when invoicing
c. Do not proceed when overdue
d. Warn when preferred supplier not
used
Question 7
Complete
Mark 1.00 out of 1.00
When a supplier is a registered Vat vendor,
tax code 15 - Vat Standard rated (15%) is
selected as the default tax type.
A Quotation can be created in Sage Pastel
Partner 50c by clicking on which icon on
the toolbar:
a. Customer documents
b. Supplier documents
c. Edit Customers
d. Edit Suppliers
Question 9
Complete
Mark 1.00 out of 1.00
The opening balance at the start of the
period appears on an open item
statement.
Select one:
True
False
Question 10
Complete
Mark 1.00 out of 1.00
A Sales order can be created in Sage
paster by clicking on Customer documents
then selecting Sales order under the
Document type.
Select one:
True
False
4 of 9 2024/05/06, 09
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExpertAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R85,00. You're not tied to anything after your purchase.
