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Exam (elaborations)

Solutions Manual – Using Sage 50 Accounting 2026, 1st Canadian Annual Edition by Kathy Zigby & Mary Purbhoo

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Prepare confidently for accounting assessments with this Solutions Manual for Using Sage 50 Accounting 2026, 1st Canadian Annual Edition (ISBN13: 9780135589533). Includes answers to Review Questions and Cases to reinforce accounting concepts and practical problem-solving skills. Ideal for midterm exams, final exams, quizzes, and assignments, this resource helps students review key topics, check their understanding, and strengthen exam preparation throughout the course. A useful study companion for accounting students seeking additional practice and revision support. Chapter 1: Getting Started               Chapter 2: GST, HST and PST                Chapter 3: Binh's Bins Chapter 4: Love It Again Chapter 5: Groen Fields Chapter 6: Phoebe's Photo Studio                 Chapter 7: Air Care Services Chapter 8: Helena's Academy Chapter 9: Northern Lights Chapter 10: Kara's Kitchens Chapter 11: Peace of Mind Property Management Chapter 12: Maple Leaf Rags Chapter 13: Shady Corners Chapter 14: Sound Inc Chapter 15: Tesses Tresses Chapter 16: VeloCity              Chapter 17: Stratford Country Inn               Chapter 18: Ryder's Routes Chapter 19: Able & Associates Inc.

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SOLUTIONS MANUAL




** All Chapters included
** Answers To Review
Questions And Cases
** Setup Solution files

,Table of Contents are given below


Chapter 1: Getting Started

Chapter 2: GST, HST and PST

Chapter 3: Binh's Bins

Chapter 4: Love It Again

Chapter 5: Groen Fields

Chapter 6: Phoebe's Photo Studio

Chapter 7: Air Care Services

Chapter 8: Helena's Academy

Chapter 9: Northern Lights

Chapter 10: Kara's Kitchens

Chapter 11: Peace of Mind Property Management

Chapter 12: Maple Leaf Rags

Chapter 13: Shady Corners

Chapter 14: Sound Inc

Chapter 15: Tesses Tresses

Chapter 16: VeloCity

Chapter 17: Stratford Country Inn

Chapter 18: Ryder's Routes

Chapter 19: Able & Associates Inc.

, ANSWERS TO REVIEW QUESTIONS AND CASES

For reference, we have included the questions and cases (in italics) with their solutions. These are suggested
solutions only. Remember that we use general rather than the industry-specific terms in most cases. Answers
may vary depending on the interpretation of the question or case. Some of the answers we provide may
include points covered in later chapters. Where discussion is involved, students should be encouraged to think
of alternative solutions. They should also be encouraged to experiment with entering transactions in the data
files (after making backups) to discover how the program handles different kinds of transactions.




CHAPTER 1: GETTING STARTED
Review Questions

1. What are the differences between Save As and Save A Copy (in the File menu)? How are these commands different
from the Backup command?

The Save As command saves the current working file under a separate file name. That is, it creates a separate,
working, backup copy of the file and opens the renamed file. If you use the name of an already existing file,
the previous file will be replaced after you confirm that this is what you want to do. Save a Copy will also
create a separate working copy of your data file but the current file stays open instead of the new file. If you
use the name of an already existing file, the previous file will be replaced after you confirm that this is what
you want to do. As you work in Sage 50, your data file is continually saved with any changes you make. The
Save tool in the Home window also opens the Save As window.

Backup also makes a copy of your file and keeps the current file open. However, the new file is a compressed
version of the original data that must first be restored (from the Restore option on the File menu or the Company
module Data Management icon drop-down list, or from the Select Company window) before you can work
with it. The compressed file saves data space so it is easier to save separate backups for different time periods.

2. Why is it important to make backups of your data files?

Sage 50 saves your work automatically when you are working with the program. On a regular basis, you
should also make a backup copy of your files. If you have a backup, you can return to it if your working data
file is corrupted and unusable because of a computer error, or if you have made changes to the file that were
not correct and cannot be reversed, like starting a new fiscal period. (The author has recently had an entire
database wiped out while opening a file. The resulting file had no ledger records or journal entries. Backups
work!)

3. What information does the Status bar provide? In module Home windows? In other windows?

Website files are read-only files and this property cannot be changed. Because Sage 50 continually saves your
work by writing to your data file and because it cannot write directly to DVD site, it cannot open the read-
only files. The read-only property does not allow a file to be changed. The same principles apply to opening
files from a DVD or CD-ROM – these files are also read-only.

You can access and restore backup files from a DVD or CD-ROM because these backup files do not write to
this same file. However, you cannot restore the backup file to either of these media.

4. How does Sage 50 Help differ from Sage 50 Advice?

Help provides general information about accounting procedures and how to use Sage 50 software. Advice
includes general information about good accounting practice as well as specific information and advice about
accounting procedures related to the data file that is currently open.


3

, 5. Describe the different ways of getting help in Sage 50.

• The Status Bar line shows the purpose of the icon or field on which the cursor is placed.

• The Help function accessed from the Help menu or the Help icon includes an index of topics, a
glossary of terms and the option to search for help on a topic that you enter.

• Advice on accounting practice and the data file are available from the Help menu and Advice tool found
in the Business Assistance menu.

• Access to consultants and on-line help is also available from the Help menu when you have an
Internet connection.

• Enhanced view Module windows include a direct link to the Learning Centre in the Modules list
pane to access the Help features.

• The Home window in the Classic view includes a Learning Centre icon that accesses the Help
features.

• Help buttons are also available in other windows and provide context-sensitive help – help about
the options in the open window.

6. What are the roles of the ledger and journal icons in the Enhanced view module Home windows? In the Classic
view Home window?

In both the Enhanced view and the Classic view, the ledger icons provide access to the accounting ledgers so
that you can create and modify ledger records. Before finishing the history for a ledger, you also add data from
historical transactions and account balances for the records. Journal icons provide access to the journals for
these ledgers so that you can enter day-to-day accounting transactions that update the ledger records
automatically.

7. What is the role of the module windows?

The expanded module windows in the Enhanced view show the journals and ledger functions for that
specific ledger as separate icons and open the specialized journal or ledger features directly.

8. What purpose do the tool buttons in the Home window serve?

Tool buttons in any window provide immediate access to commonly used program functions as an alternative
to choosing these commands from the main menus.

9. Why might the status bar line in a Sage 50 window be blank?

The status bar will be blank when the mouse is pointing to a blank portion of the window (not to an icon, tool
button, menu item or input field) or to an area outside the main Sage 50 screen.

10. How do you open or access a Sage 50 company data file? How do you open the file if you start with a backup file?

The steps in accessing a data file are:

• Double-click the Sage 50 desktop shortcut, if you added one, to open the Select Company window.
Or,
• Choose Start on the task bar (main Windows desktop).
• Choose All Programs (or Programs) or {Windows10 }-Right click START & select Programs & Features
• Choose Sage 50 Accounting Premium 2026 from the Program Files list.
• Choose Sage 50 Accounting Premium 2026 from the Sage 50 list to open the Select Company window.
• Choose Select An Existing Company from the Sage 50 - Select Company screen.
• Choose the folder that contains your data set from the Open Company window.
• Open the folder.
• Choose the .SAI data file (do not choose the .SAJ folder).
4

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