Sage test questions & answers
The maintain function on the menu bar is used for: - ANSWERSEntering Information
The task function on the menu bar is used for: - ANSWERSEntering Transactions
All ID codes in Sage are: - ANSWERSCase sensitive
The reasons that you back up your data in Sage 50 is all but which of the following? -
ANSWERSTo save your transactions as you enter them
Why do you restore your data? - ANSWERSIf you had a natural disaster, if your computer
crashed, or if you worked off site.
Which of the following is not a purpose of the chart of accounts? - ANSWERSTo prove debits
equal credits
Why is the correct classification for accounts critical when using computerized accounting? -
ANSWERSIf the classification is incorrect, the accounting records will be incorrect causing the
financial statements to be incorrect.
Where do you go in Sage 50 to set the Accounting Period? - ANSWERSBoth Tasks, System,
Accounting Period and Accounting Period at the top of the Navigators
If you do not see a GL account column on a sales invoice, you need to: - ANSWERSClick on
Options, Global and uncheck the hide A/R and Payroll accounts
, What is the purpose of Analysis on the menu bar? - ANSWERSTo see how the company is doing
through charts, graphs and ratios.
Record adjusting entries. - ANSWERSGeneral Journal
Purchase of merchandise on account from a vendor. - ANSWERSPurchases Journal
Paid the government for the liability taxes. - ANSWERSCash Disbursements Journal
Paid on the mortgage. - ANSWERSCash Disbursements Journal
Received payment from a customer on account. - ANSWERSCash Receipts Journal
Received a credit memo from a vendor for the return of merchandise - ANSWERSGeneral
Journal
Purchase of supplies for cash - ANSWERSCash Disbursements Journal
Record the payroll for the week. - ANSWERSGeneral Journal
Sale of merchandise on account to a customer. - ANSWERSSales Journal
Paid the telephone bill. - ANSWERSCash Disbursements Journal
Investment of equipment by the owner. - ANSWERSGeneral Journal
Pay the vendor for a purchase on account. - ANSWERSCash Disbursements Journal
The maintain function on the menu bar is used for: - ANSWERSEntering Information
The task function on the menu bar is used for: - ANSWERSEntering Transactions
All ID codes in Sage are: - ANSWERSCase sensitive
The reasons that you back up your data in Sage 50 is all but which of the following? -
ANSWERSTo save your transactions as you enter them
Why do you restore your data? - ANSWERSIf you had a natural disaster, if your computer
crashed, or if you worked off site.
Which of the following is not a purpose of the chart of accounts? - ANSWERSTo prove debits
equal credits
Why is the correct classification for accounts critical when using computerized accounting? -
ANSWERSIf the classification is incorrect, the accounting records will be incorrect causing the
financial statements to be incorrect.
Where do you go in Sage 50 to set the Accounting Period? - ANSWERSBoth Tasks, System,
Accounting Period and Accounting Period at the top of the Navigators
If you do not see a GL account column on a sales invoice, you need to: - ANSWERSClick on
Options, Global and uncheck the hide A/R and Payroll accounts
, What is the purpose of Analysis on the menu bar? - ANSWERSTo see how the company is doing
through charts, graphs and ratios.
Record adjusting entries. - ANSWERSGeneral Journal
Purchase of merchandise on account from a vendor. - ANSWERSPurchases Journal
Paid the government for the liability taxes. - ANSWERSCash Disbursements Journal
Paid on the mortgage. - ANSWERSCash Disbursements Journal
Received payment from a customer on account. - ANSWERSCash Receipts Journal
Received a credit memo from a vendor for the return of merchandise - ANSWERSGeneral
Journal
Purchase of supplies for cash - ANSWERSCash Disbursements Journal
Record the payroll for the week. - ANSWERSGeneral Journal
Sale of merchandise on account to a customer. - ANSWERSSales Journal
Paid the telephone bill. - ANSWERSCash Disbursements Journal
Investment of equipment by the owner. - ANSWERSGeneral Journal
Pay the vendor for a purchase on account. - ANSWERSCash Disbursements Journal
