USING SAGE 50 ACCOUNTING 2025
CANADIAN EDITION
1st Edition
Kathy Zigby & Mary Purbhoo
TEST BANK
MCQs & ACCOUNTING TESTS
Chapters 1–19
ISBN: 9780135394267
,TABLE OF CONTENTS
1. Getting Started: Introduction to Sage 50
2. GST, HST and PST
3. Binh's Bin: General Journal
4. Love It Again: General Ledger Setup
5. Groen Fields: Accounts Payable
6. Phoebe's Photo Studio: Accounts Receivable
7. Air Care Services: Receivables & Payables Setup
8. Helena's Academy: Payroll Journal
9. Northern Lights: Payroll Ledger Setup
10. Kara's Kitchens: Inventory
11. Andersson Chiropractic Clinic: Orders, Quotes & Deposits
12. Maple Leaf Rags: Currencies, Remittances & Accountant's Copy
13. Shady Corners: Allocations & Electronic Payments
14. Sound, Inc.: Budgeting
15. Tesses Tresses: Reconciliation & Deposits
16. VeloCity: Payroll & Inventory Setup
17. Stratford Country Inn: Comprehensive Practice
18. Ryder's Routes: Time & Billing
19. Able & Associates: Departmental Accounting
CHAPTER NO. 01: GETTING STARTED: INTRODUCTION TO SAGE 50
MULTPLE CHOICE QUESTION ANSWERS
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 from backup
d. any one of the above
2. 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
3. The save function automatically –
a. saves changes to the data file and the backup file at same time
b. saves changes as another file and keep it open
c. takes place each time you close a data file
d. restores a file that was previously saved
4. The Sage 50 help function will –
a. give information on using the Sage 50 program
b. give other information about the program
c. give information about accounting procedures and practices
d. give you advice on all of the above items
5. Sage 50 Advice, the Help Menu, the Status Bar and the Tool Buttons –
a. are other textbooks on the Sage 50 Program
b. are various methods available for on-screen assistance
c. allow you to make changes to the journal entries
d. allow you to make changes to the ledger accounts
6. The home window main menu bar contains such functions as –
a. file, view, setup, business assistant, maintenance, reports, history, help, support
b. tool buttons, sizing buttons, open buttons, close buttons
c. recording general journal entries
d. recording general ledger entries
7. The Sage 50 home window does not display –
a. icons for the ledger accounts
b. icons for ledgers and journals
c. icons for individual accounts
d. icons for the journals
8. Which one of the following comments is not true of the Sage 50 program –
, a. the help menu may be removed or hidden
b. the automatic advice option may be turned off or on
c. the shortcuts may be removed or changed
d. the home window modules may be removed or hidden
9. The Sage 50 Business Advice topics –
a. give information on various ledger accounts
b. give other information on various journals
c. general business information or accounting practices
d. give you advice on how to proceed to the advice tool
10. To change date format settings in the Sage 50 data file, you must access –
a. the Sage program system settings screen
b. the Windows control panel screen
c. the Windows explorer properties menu
d. none of the above
11. The save as function will automatically –
a. save changes to the data file in a compressed backup version
b. save changes as another file and keep the new file open
c. save changes as another file and keep the original file open
d. restore a file that was previously saved
12. The backup function will automatically –
a. create a compressed backup version of the current file and close the current file
b. save changes as another file and keep the new file open
c. create a compressed backup version of the current file and keep the original file open
d. restore a file that was previously saved
13. The save a copy function will automatically –
a. save changes to the data file and the backup file at same time
b. save changes as another file and keep the new file open
c. save changes as another file and keep the original file open
d. restore a file that was previously saved
CANADIAN EDITION
1st Edition
Kathy Zigby & Mary Purbhoo
TEST BANK
MCQs & ACCOUNTING TESTS
Chapters 1–19
ISBN: 9780135394267
,TABLE OF CONTENTS
1. Getting Started: Introduction to Sage 50
2. GST, HST and PST
3. Binh's Bin: General Journal
4. Love It Again: General Ledger Setup
5. Groen Fields: Accounts Payable
6. Phoebe's Photo Studio: Accounts Receivable
7. Air Care Services: Receivables & Payables Setup
8. Helena's Academy: Payroll Journal
9. Northern Lights: Payroll Ledger Setup
10. Kara's Kitchens: Inventory
11. Andersson Chiropractic Clinic: Orders, Quotes & Deposits
12. Maple Leaf Rags: Currencies, Remittances & Accountant's Copy
13. Shady Corners: Allocations & Electronic Payments
14. Sound, Inc.: Budgeting
15. Tesses Tresses: Reconciliation & Deposits
16. VeloCity: Payroll & Inventory Setup
17. Stratford Country Inn: Comprehensive Practice
18. Ryder's Routes: Time & Billing
19. Able & Associates: Departmental Accounting
CHAPTER NO. 01: GETTING STARTED: INTRODUCTION TO SAGE 50
MULTPLE CHOICE QUESTION ANSWERS
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 from backup
d. any one of the above
2. 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
3. The save function automatically –
a. saves changes to the data file and the backup file at same time
b. saves changes as another file and keep it open
c. takes place each time you close a data file
d. restores a file that was previously saved
4. The Sage 50 help function will –
a. give information on using the Sage 50 program
b. give other information about the program
c. give information about accounting procedures and practices
d. give you advice on all of the above items
5. Sage 50 Advice, the Help Menu, the Status Bar and the Tool Buttons –
a. are other textbooks on the Sage 50 Program
b. are various methods available for on-screen assistance
c. allow you to make changes to the journal entries
d. allow you to make changes to the ledger accounts
6. The home window main menu bar contains such functions as –
a. file, view, setup, business assistant, maintenance, reports, history, help, support
b. tool buttons, sizing buttons, open buttons, close buttons
c. recording general journal entries
d. recording general ledger entries
7. The Sage 50 home window does not display –
a. icons for the ledger accounts
b. icons for ledgers and journals
c. icons for individual accounts
d. icons for the journals
8. Which one of the following comments is not true of the Sage 50 program –
, a. the help menu may be removed or hidden
b. the automatic advice option may be turned off or on
c. the shortcuts may be removed or changed
d. the home window modules may be removed or hidden
9. The Sage 50 Business Advice topics –
a. give information on various ledger accounts
b. give other information on various journals
c. general business information or accounting practices
d. give you advice on how to proceed to the advice tool
10. To change date format settings in the Sage 50 data file, you must access –
a. the Sage program system settings screen
b. the Windows control panel screen
c. the Windows explorer properties menu
d. none of the above
11. The save as function will automatically –
a. save changes to the data file in a compressed backup version
b. save changes as another file and keep the new file open
c. save changes as another file and keep the original file open
d. restore a file that was previously saved
12. The backup function will automatically –
a. create a compressed backup version of the current file and close the current file
b. save changes as another file and keep the new file open
c. create a compressed backup version of the current file and keep the original file open
d. restore a file that was previously saved
13. The save a copy function will automatically –
a. save changes to the data file and the backup file at same time
b. save changes as another file and keep the new file open
c. save changes as another file and keep the original file open
d. restore a file that was previously saved
