Study guides, Class notes & Summaries

SAGE 50 FINAL REVIEW Games and activities

When first opening the Sage 50 program you will be asked to choose A) to open the sample company B) to create a new company C) to select an existing company D) any one of the above - Answer-D) any one of the above Before using the CD data files that come with the text you should A) make a working "backup" copy of the files B) open the disk to access the files C) click OK to display the home window D) store the original disk in a safe place - Answer-A) make a working "backup" c...

When first opening the Sage 50 program you will be asked to choose - Answer-select an existing company, create a new company, restore from backup The Sage 50 home window does not display - Answer-icons for individual accounts Which one of the following comments is not true of the Sage 50 program - Answer-the help menu may be removed or hidden When you restore a file from a backup, you must - Answer-press back to change any of your selections Home window tool icons in Sage 50 - Answer...

SAGE Exam Questions and Answers 100% Pass 1. To see that your working copy contains all the files from the data folder - a. open the sample company b. open the appropriate drive to verify data folders and files c. show the select company window at startup d. create a new company - Answer- open the appropriate drive to verify data folders and files 1. When first opening the Sage 50 program you will be asked to choose - a. select an existing company b. to create a new company c. restore ...

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...

Chapter 12 & 13 Sage Exam Questions and Answers 100% Pass Merchandising businesses purchase the merchandise they sell from suppliers known as: - Answer- Vendors A purchase return to a vendor is recorded on the Vendor Credit Memos window as follows: - Answer- Select Vendor > Invoice number > quantity returned. When paying vendors, minus a return of merchandise: - Answer- Click on the "Pay" box for the invoice as the purchase return is automatically calculated. If the "A/P Account...

Sage 1 Exam Questions and Answers 100% Pass Which option is presented on the sage 50 accounting welcome and select screen? - Answer- *Open a sample company *Create a new company *Select an existing company The "save as" function will... - Answer- make a copy, close the original file and keep the new file open How much will the remittance to the Receiver General be? IF a province has a 13% HST and GST is 5%, a company has the following account balances HST collected on sales $1300 HS...

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 Exam Questions and Answers 100% Pass Correcting a data error in a payroll journal entry before posting, you should? - Answer- Select the incorect fields and enter the correct data The payroll journal entry and report screen show that only the employer? - Answer- Contributed to WCB PAYABLE In the payroll charge run journal, you cannot? - Answer- -Enter amounts for advances and advances discovered -Enter amount for bonuses and commissions -Edit the salary amount for a period To make ...

SAGE 50 FINAL REVIEW QUESTIONS AND ANSWERS 100% CORRECT When first opening the Sage 50 program you will be asked to choose - Answer- select an existing company, create a new company, restore from backup The Sage 50 home window does not display - Answer- icons for individual accounts Which one of the following comments is not true of the Sage 50 program - Answer- the help menu may be removed or hidden When you restore a file from a backup, you must - Answer- press back to change any of yo...