SAGE 50: COMPUTERIZED ACCOUNTING AND
BOOKKEEPING STUDY EXAM WITH ACCURATE
QUESTIONS AND ANSWERS GRADED A+ 2025-2026
For what is the daily business manager used?
centralizes some of the most common daily tasks in a single location. It can be used to remind
you about upcoming events and allow you to attach notes to the business calendar. I also
allow you to view business performance measurements
Through which ledger do all your transactions flow
general ledger
In which window do you add the credit cards used and accepted by your company
in the settings window
What types of transactions are entered in the General Journal?
the general journal is used to record transactions that cannot be recored in another module
Can you adjust a posted journal entry?
yes, in the general journal window
Why is it a good idea to add customers to the Recievables ledger
allows you to keep track of sales made and payments received
Where are invoices entered that were outstanding prior to using sage 50?
on the historical transactions tab of the receivable’s ledger window
,Where can you find the merge records command?
on the maintenance menu
Where do you enter information about a sale when there is no previous order?
directly into the sales journal - creating an invoice window
What does the receipts journal window resemble?
a receipt with the details of the receipt outlined underneath
How do you enter a deposit in the receipts journal window?
in the receipts journal window select "Enter customer deposits box" on the tool bar. When
enter customer deposits is selected, the window changes in include a deposit is selected, the
window changes to include a deposit reference number box and a deposit amount box
How do you recall a sales quote?
select find quote on the sales quotes menu and then select the quote in the select order or
quote window. You can also open this window by selecting the search icon beside the quote
no. box in the sales journal - creating a quote window
To what can you convert a sales quote
a sales order or sales invoice
do sales orders affect the company's books?
no b/c the sales transactions has not yet been completed
, what are the two different types of Advice
management reports-defult advice type. those reports pertain specifically to the data that is in
the use at the time.
General Advice- select this type of data to veiw a list of topics pertaining to general
accounting
what is sage 50's default accounting basis?
accrual- basis accounting
where do you enter information about your company when creating a new company?
in the new company setup wizard
who is able to add additional users and control what data each user is able to display or
change
system administer or sysadmin
what is the purpose of the company file check & Repair tool
fix errors
what kind of information is displayed on the customer sales report
the details of the sales (such as revenue, quantity, and profit) for your customers in summary
or detail format
Do all vendors or suppliers have to be added to the payables ledger
no, you do not have to enter all your vendors or suppliers. You can have one time vendors.
Vendors and suppliers can be added on the fly
BOOKKEEPING STUDY EXAM WITH ACCURATE
QUESTIONS AND ANSWERS GRADED A+ 2025-2026
For what is the daily business manager used?
centralizes some of the most common daily tasks in a single location. It can be used to remind
you about upcoming events and allow you to attach notes to the business calendar. I also
allow you to view business performance measurements
Through which ledger do all your transactions flow
general ledger
In which window do you add the credit cards used and accepted by your company
in the settings window
What types of transactions are entered in the General Journal?
the general journal is used to record transactions that cannot be recored in another module
Can you adjust a posted journal entry?
yes, in the general journal window
Why is it a good idea to add customers to the Recievables ledger
allows you to keep track of sales made and payments received
Where are invoices entered that were outstanding prior to using sage 50?
on the historical transactions tab of the receivable’s ledger window
,Where can you find the merge records command?
on the maintenance menu
Where do you enter information about a sale when there is no previous order?
directly into the sales journal - creating an invoice window
What does the receipts journal window resemble?
a receipt with the details of the receipt outlined underneath
How do you enter a deposit in the receipts journal window?
in the receipts journal window select "Enter customer deposits box" on the tool bar. When
enter customer deposits is selected, the window changes in include a deposit is selected, the
window changes to include a deposit reference number box and a deposit amount box
How do you recall a sales quote?
select find quote on the sales quotes menu and then select the quote in the select order or
quote window. You can also open this window by selecting the search icon beside the quote
no. box in the sales journal - creating a quote window
To what can you convert a sales quote
a sales order or sales invoice
do sales orders affect the company's books?
no b/c the sales transactions has not yet been completed
, what are the two different types of Advice
management reports-defult advice type. those reports pertain specifically to the data that is in
the use at the time.
General Advice- select this type of data to veiw a list of topics pertaining to general
accounting
what is sage 50's default accounting basis?
accrual- basis accounting
where do you enter information about your company when creating a new company?
in the new company setup wizard
who is able to add additional users and control what data each user is able to display or
change
system administer or sysadmin
what is the purpose of the company file check & Repair tool
fix errors
what kind of information is displayed on the customer sales report
the details of the sales (such as revenue, quantity, and profit) for your customers in summary
or detail format
Do all vendors or suppliers have to be added to the payables ledger
no, you do not have to enter all your vendors or suppliers. You can have one time vendors.
Vendors and suppliers can be added on the fly
