SAGE 50 FINAL EXAM LATEST
How would you enter a sale for an account customer paying by cheque -
- ANSWERS-open the sales journal and choose invoice and cheque
Linked accounts provide all but one of the following controls - -
ANSWERS-required linked accounts must be defined
To enter a NSF cheque - ANSWERS-reverse the receipt in the receipts
journal
To record a NSF cheque, you can- - ANSWERS-reverse the receipt from
the adjusting receipt screen
Which of the following errors can be corrected by adjusting a posted
payment or receipt - - ANSWERS-the amount of the payment was
entered incorrectly
Discounts for early payments are offered to encourage customers to- -
ANSWERS-settle their accounts on time
The default customer early payment and discount terms - - ANSWERS-
can be changed for individual invoices
END OF
PAGE 1
, SAGE 50 FINAL EXAM LATEST
To remove a line from the invoice - - ANSWERS-click anywhere on the
line to be removed, choose the edit menu and click remove line
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
You will be unable to apply tax codes for sales when - - ANSWERS-the
customer is set up as tax exempt
END OF
PAGE 2
How would you enter a sale for an account customer paying by cheque -
- ANSWERS-open the sales journal and choose invoice and cheque
Linked accounts provide all but one of the following controls - -
ANSWERS-required linked accounts must be defined
To enter a NSF cheque - ANSWERS-reverse the receipt in the receipts
journal
To record a NSF cheque, you can- - ANSWERS-reverse the receipt from
the adjusting receipt screen
Which of the following errors can be corrected by adjusting a posted
payment or receipt - - ANSWERS-the amount of the payment was
entered incorrectly
Discounts for early payments are offered to encourage customers to- -
ANSWERS-settle their accounts on time
The default customer early payment and discount terms - - ANSWERS-
can be changed for individual invoices
END OF
PAGE 1
, SAGE 50 FINAL EXAM LATEST
To remove a line from the invoice - - ANSWERS-click anywhere on the
line to be removed, choose the edit menu and click remove line
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
You will be unable to apply tax codes for sales when - - ANSWERS-the
customer is set up as tax exempt
END OF
PAGE 2
