SAGE 50 FINAL EXAM REVIEW WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025 ALREADY GRADED A+
To find an invoice you need to adjust when you know only the customer's name,
the invoice amount and the approximate date of the sale, you would enter - -
ANSWERS-the invoice amount and customer name as the search parameters
Where do you enter rates for sales taxes - - ANSWERS-settings, sales taxes
To access the Receivables Settings in the classic view you might - - ANSWERS-
choose setup from the main menu, settings, Receivables
What mistakes can you not correct after finishing history - - ANSWERS-mistakes
made in historical invoices
The Credit Card setup information screen requires that - - ANSWERS-the name
of each credit card appears on a separate line
, Home window tool icons in Sage 50 - ANSWERS-are shortcuts for accessing
features provided by some menu options
Businesses must register for GST and apply GST to sales if - ANSWERS-they have
annual sales over $30,000
Items that are not taxable for GST - ANSWERS-are mostly basic necessities
HST differs from GST in that - ANSWERS-it has a different tax rate, it includes a
portion for provincial sales tax
Provincial sales taxes- - ANSWERS-on purchases that are treated as business
expenses
GST/HST differs from other sales taxes in that- - ANSWERS-it applies at all levels
of sales
Sales taxes on goods and services in Canada- - ANSWERS-are charged at the rate
applicable to the province of destination
Sage 50 provides a complete audit trail by- - ANSWERS-recording original
transactions in a journal, posting the journal amounts into a ledger, numbering
& referencing each transaction
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025 ALREADY GRADED A+
To find an invoice you need to adjust when you know only the customer's name,
the invoice amount and the approximate date of the sale, you would enter - -
ANSWERS-the invoice amount and customer name as the search parameters
Where do you enter rates for sales taxes - - ANSWERS-settings, sales taxes
To access the Receivables Settings in the classic view you might - - ANSWERS-
choose setup from the main menu, settings, Receivables
What mistakes can you not correct after finishing history - - ANSWERS-mistakes
made in historical invoices
The Credit Card setup information screen requires that - - ANSWERS-the name
of each credit card appears on a separate line
, Home window tool icons in Sage 50 - ANSWERS-are shortcuts for accessing
features provided by some menu options
Businesses must register for GST and apply GST to sales if - ANSWERS-they have
annual sales over $30,000
Items that are not taxable for GST - ANSWERS-are mostly basic necessities
HST differs from GST in that - ANSWERS-it has a different tax rate, it includes a
portion for provincial sales tax
Provincial sales taxes- - ANSWERS-on purchases that are treated as business
expenses
GST/HST differs from other sales taxes in that- - ANSWERS-it applies at all levels
of sales
Sales taxes on goods and services in Canada- - ANSWERS-are charged at the rate
applicable to the province of destination
Sage 50 provides a complete audit trail by- - ANSWERS-recording original
transactions in a journal, posting the journal amounts into a ledger, numbering
& referencing each transaction
