Sage 50 - Ch. 1: Review Questions with 100% Correct and Verified Solutions

Sage 50 - Ch. 1: Review Questions with 100% Correct and Verified Solutions 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" copy of the files 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- B) open the appropriate drive to verify data folders and files The "save" 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 it open C) save changes to the current file and keep it open D) restore a file that was previously saved - Answer- C) save changes to the current file and keep it open 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 - Answer- D) give you advice on all of the above items Sage 50 Advice under the Help Men, Status Bar, 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 - Answer- B) are various methods available for on-screen assistance The home window main menu bar contains such functions as A) file, edit, view, setup, maintenance, graphs, reports, help B) tool buttons, sizing buttons, open buttons, close buttons C) recording general journal entries D) recording general ledger entries - Answer- A) file, edit, view, setup, maintenance, graphs, reports, help The Sage 50 home window does not display A) icons for the general ledger accounts B) icons for other ledgers and journals C) icons for individual accounts D) icons for the general journal - Answer- C) icons for individual accounts 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 remo