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SAGE EXAM | QUESTIONS & 100%
CORRECT ANSWERS (VERIFIED) | LATEST
UPDATE | GRADE A+
What are the types of items that available in Sage 50 Correct Answer: Inventory and Service Items What is the benefit of entering services in the Inventory & Services ledger Correct Answer: It saves time, also provides detailed reports What is the required field when setting up service items Correct Answer: Item Number Default price list Correct Answer: Regular, Preferred, Web Price Items in Sage 50 saves time during data entry Correct Answer: True Inventory & Service reports can be filtered to display services only Correct Answer: True
Service type items, linked tab only includes 2 accounts Correct Answer: True The number of price lists in Sage 50 pre is 10 and Sage 50 quantum is 100 Correct Answer: False Available payment methods in the sales journal Correct Answer: Pay later, Cash, Cheque, (Pad) Pre authorized debit, Amex, Visa, MasterCard When Pay later is selected in the Invoice what account is used Correct Answer: accounts receivable and customers account What journal and fields are used when recording a deposit Correct Answer: Receipts journal, Deposit amount and total Credit limits are recorded in the statistics tab Correct Answer: true Invoices cannot be posted if the customer exceeds their limit Correct Answer: False Customers payments and deposits are entered to the Receipts journal
You can make payments in the purchase journal window Correct Answer: True You can create 2 customers with identical names Correct Answer: False Vendors memo can be displayed in the daily business manager Correct Answer: False default payments are Pay later, Cash, Cheque Correct Answer: False You can print a purchase invoice Correct Answer: False the accounts payable account is used in the transactions while in the other payment window Correct Answer: False Vendor name is the only required field in the payables ledger Correct Answer: True Assigning tax codes simplifies things
Correct Answer: True terms are entered in the options tab but can be changed during the invoices Correct Answer: True you can filter the search criteria in the sales invoice. List the criteria Correct Answer: Start, Finish, Customer invoice number, Journal number, Amount Which entries can you reverse with one step Correct Answer: Receipts, General Journal, Payroll Invoices can edited after using the look up invoice option Correct Answer: True Transaction cannot be adjusted in the previous year only the current Correct Answer: False Sage 50 automatically reverses the original transaction when you adjust the entry Correct Answer: True After clicking adjust receipt button the amount applied cannot be edited Correct Answer: False
