SAGE Exam 2024 WITH SOLUTIONS

What are the types of items that available in Sage 50 - Answer -Inventory and Service Items What is the benefit of entering services in the Inventory & Services ledger - Answer -It saves time, also provides detailed reports What is the required field when setting up service items - Answer -Item Number Default price list - Answer -Regular, Preferred, Web Price Items in Sage 50 saves time during data entry - Answer -True Inventory & Service reports can be filtered to display services only - Answer -True Service type items, linked tab only includes 2 accounts - Answer -True The number of price lists in Sage 50 pre is 10 and Sage 50 quantum is 100 - Answer -False Available payment methods in the sales journal - Answer -Pay later, Cash, Cheque, (Pad) Pre authorized debit, Amex, Visa, MasterCard When Pay later is selected in the Invoice what account is used - Answer -accounts receivable and customers account What journal and fields are used when recording a deposit - Answer -Receipts journal, Deposit amount and total Credit limits are recorded in the statistics tab - Answer -true Invoices cannot be posted if the customer exceeds their limit - Answer -False Customers payments and deposits are entered to the Receipts journal - Answer -true