Sage 50 ch 7 - Study guides, Class notes & Summaries

SAGE 50 - Ch 7 Questions and Answers 100% Pass 1. Which of the following components make up the payables ledger setup - A) payables and sales tax setting defaults B) payables linked accounts C) set up vendor information and historical data D) all of the components listed here are necessary D) all of the components listed here are necessary 2. If the bank issues a new series of cheques with a different numbering sequence - A) we must change the payments settings to accommodate the ...

Sage 50 - Ch. 3 Review Questions with Complete Solutions 1. Which one of the statements about the Sage 50 "date" system is false - A) the posting date is the date of the transaction B) the session date may be advanced by more than one week C) the session date is the first posting date for a series of later transactions D) the session date is the date you are recording transactions C) the session date is the first posting date for a series of later transactions 2. Sage 50 provid...

SAGE 50 - Ch 7 Exam Questions and Answers 1. Which of the following components make up the payables ledger setup - A) payables and sales tax setting defaults B) payables linked accounts C) set up vendor information and historical data D) all of the components listed here are necessary - Answer- D) all of the components listed here are necessary 2. If the bank issues a new series of cheques with a different numbering sequence - A) we must change the payments settings to accommodate the "...

SAGE 50 - Ch 7 Exam Questions and Answers 100% Correct 1. Which of the following components make up the payables ledger setup - A) payables and sales tax setting defaults B) payables linked accounts C) set up vendor information and historical data D) all of the components listed here are necessary - Answer- D) all of the components listed here are necessary 2. If the bank issues a new series of cheques with a different numbering sequence - A) we must change the payments settings to acco...

SAGE 50 - Ch 7 Exam Questions and Answers 100% Correct 1. Which of the following components make up the payables ledger setup - A) payables and sales tax setting defaults B) payables linked accounts C) set up vendor information and historical data D) all of the components listed here are necessary - Answer- D) all of the components listed here are necessary 2. If the bank issues a new series of cheques with a different numbering sequence - A) we must change the payments settings to acco...

SAGE 50 - Ch 6 Questions and Answers Already Passed 1. The sales journal may be used for - A) all credit sale transactions B) all cash sale transactions C) all credit card sale transactions D) all of the above D) all of the above 2. Transactions entered in the sales journal will allow all but one of the following - A) recording of all necessary details surrounding the invoice B) only one type of transaction C) more than one type of transaction D) omitting the GST from the invoic...

Sage 50 - Ch. 3 Review Questions with 100% Correct Answers 1. Which one of the statements about the Sage 50 "date" system is false - A) the posting date is the date of the transaction B) the session date may be advanced by more than one week C) the session date is the first posting date for a series of later transactions D) the session date is the date you are recording transactions - Answer- C) the session date is the first posting date for a series of later transactions 2. Sage 50 pr...

Sage 50 - Ch. 3 Review Questions with 100% Correct Answers 1. Which one of the statements about the Sage 50 "date" system is false - A) the posting date is the date of the transaction B) the session date may be advanced by more than one week C) the session date is the first posting date for a series of later transactions D) the session date is the date you are recording transactions - Answer- C) the session date is the first posting date for a series of later transactions 2. Sage 50 pr...

SAGE 50 - Ch 7 Exam Questions and Answers 100% Correct 1. Which of the following components make up the payables ledger setup - A) payables and sales tax setting defaults B) payables linked accounts C) set up vendor information and historical data D) all of the components listed here are necessary D) all of the components listed here are necessary 2. If the bank issues a new series of cheques with a different numbering sequence - A) we must change the payments settings to accommodate...

Sage 50 - Ch. 3 Review Questions with 100% Correct Answers 1. Which one of the statements about the Sage 50 "date" system is false - A) the posting date is the date of the transaction B) the session date may be advanced by more than one week C) the session date is the first posting date for a series of later transactions D) the session date is the date you are recording transactions - Answer- C) the session date is the first posting date for a series of later transactions 2. Sage 50 pr...