SAGE 50 COMPREHENSIVE EXAM 2026
QUESTIONS AND ANSWERS 100% CORRECT
◉ The task function on the menu bar is used for . Answer: Entering
transactions
◉ All ID codes in sage are . Answer: Case sensitive
◉ The reasons that you back up your data in sage 50 is all but which of
the following? . Answer: To save your transaction as you enter them
◉ Which of the following is not a purpose of the chart of accounts .
Answer: To prove debits equals credits
◉ Why is the correct classification for accounts critical when using
computerized accounting? . Answer: If 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 accounting period? . Answer: Task,
System, accounting period
, ◉ If you do not see a gl account column ion a sales invoice you need to
. Answer: Click on options, global and uncheck the hide A/R and payroll
◉ What is the purpose of Analysis on the menu bar? . Answer: To see
how the company is doing through charts graphs and ratios
◉ record adjusting entries . Answer: general journal
◉ Purchase of merchandise on account from a vendor . Answer:
Purchase Journal
◉ Paid the government for payroll liability taxes . Answer: Cash
disbursement Journal
◉ Paid on Mortgage . Answer: Cash disbursement
◉ Received payment from a customer on account . Answer: Cash
Receipts journal
◉ Received a credit memo from a vendor for the return of merchandise
. Answer: General Journal
◉ Purchase of supplies for cash . Answer: Cash disbursement journal
QUESTIONS AND ANSWERS 100% CORRECT
◉ The task function on the menu bar is used for . Answer: Entering
transactions
◉ All ID codes in sage are . Answer: Case sensitive
◉ The reasons that you back up your data in sage 50 is all but which of
the following? . Answer: To save your transaction as you enter them
◉ Which of the following is not a purpose of the chart of accounts .
Answer: To prove debits equals credits
◉ Why is the correct classification for accounts critical when using
computerized accounting? . Answer: If 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 accounting period? . Answer: Task,
System, accounting period
, ◉ If you do not see a gl account column ion a sales invoice you need to
. Answer: Click on options, global and uncheck the hide A/R and payroll
◉ What is the purpose of Analysis on the menu bar? . Answer: To see
how the company is doing through charts graphs and ratios
◉ record adjusting entries . Answer: general journal
◉ Purchase of merchandise on account from a vendor . Answer:
Purchase Journal
◉ Paid the government for payroll liability taxes . Answer: Cash
disbursement Journal
◉ Paid on Mortgage . Answer: Cash disbursement
◉ Received payment from a customer on account . Answer: Cash
Receipts journal
◉ Received a credit memo from a vendor for the return of merchandise
. Answer: General Journal
◉ Purchase of supplies for cash . Answer: Cash disbursement journal
