SAGE Exam with 100% correct answers 2024.

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 You can not email invoices only print - answer-False You cannot customize the Sales Journal - answer-False You can create sales invoices from quotes or orders - answer-True You can access and print customers statements from the Report Centre - answer-False Customer Aged Summary report displays how much each customer owes us - answer-True Partial payments can be made to an invoice - answer-True A prepayment appears as a negative amount on the report - answer-False You can make payments in the purchase journal window - answer-True You can create 2 customers with identical names - answer-False Vendors memo can be displayed in the daily business manager - answer-False default payments are Pay later, Cash, Cheque - answer-False You can print a purchase invoice - answer-False the accounts payable account is used in the transactions while in the other payment window - answer-False Vendor name is the only required field in the payables ledger - answer-True Assigning tax codes simplifies things - answer-True terms are entered in the options tab but can be changed during the invoices - answer-True you can filter the search criteria in the sales invoice. List the criteria - answer-Start, Finish, Customer invoice number, Journal number, Amount Which entries can you reverse with one step - answer-Receipts, General Journal, Payroll Invoices can edited after using the look up invoice option - answer-True Transaction cannot be adjusted in the previous year only the current - answer-False Sage 50 automatically reverses the original transaction when you adjust the entry - answer-True After clicking adjust receipt button the amount applied cannot be edited - answer-False