Sage 50 exam 2024 - Study guides, Class notes & Summaries

SAGE Exam 2024 WITH SOLUTIONS What are the types of items that available in Sage 50 - Answer -Inventory and Service Items What is the benefit of entering services in the Inventory & Services ledger - Answer -It saves time, also provides detailed reports What is the required field when setting up service items - Answer -Item Number Default price list - Answer -Regular, Preferred, Web Price Items in Sage 50 saves time during data entry - Answer -True Inventory & Service reports can be filte...

Chapter 12 & 13 Sage Exam 2024 with Solutions Merchandising businesses purchase the merchandise they sell from suppliers known as: - Answer - Vendors A purchase return to a vendor is recorded on the Vendor Credit Memos window as follows: - Answer - Select Vendor > Invoice number > quantity returned. When paying vendors, minus a return of merchandise: - Answer -Click on the "Pay" box for the invoice as the purchase return is automatically calculated. If the "A/P Account" field an...

1. Which of the following components make up the payables ledger setup - A) payables and sales tax setting defaults B) payables linked accounts C) set up vendor information and historical data D) all of the components listed here are necessary - Answer -D) all of the components listed here are necessary 2. If the bank issues a new series of cheques with a different numbering sequence - A) we must change the payments settings to accommodate the "alpha" letter and the number B) we must ...

Which option is presented on the sage 50 accounting welcome and select screen? - Answer -*Open a sample company *Create a new company *Select an existing company The "save as" function will... - Answer -make a copy, close the original file and keep the new file open How much will the remittance to the Receiver General be? IF a province has a 13% HST and GST is 5%, a company has the following account balances HST collected on sales $1300 HST paid on purchases $1100 - Answer -$200 When ...

The Business Status Center is also called Sage 50's: - Answer -Dashboard The Navigation Bar allows you to perform activities most closely associated: - Answer -All of the above (employees & payroll, Vendors & Purchases, Customers & Sales, Inventory & Services) The File pull-down menu allows you to do all the following BUT: - Answer -Receive payments from customers Perform common operations by using two or more keys: - Answer -Shortcut Keys The procedures used in computerized accounting di...

Sage 1 Exam Questions and Answers Which option is presented on the sage 50 accounting welcome and select screen? - Answer -*Open a sample company *Create a new company *Select an existing company The "save as" function will... - Answer -make a copy, close the original file and keep the new file open How much will the remittance to the Receiver General be? IF a province has a 13% HST and GST is 5%, a company has the following account balances HST collected on sales $1300 HST paid on pu...

Chapter 1 & 2 Sage Exam with Solutions The Business Status Center is also called Sage 50's: - Answer -Dashboard The Navigation Bar allows you to perform activities most closely associated: - Answer -All of the above (employees & payroll, Vendors & Purchases, Customers & Sales, Inventory & Services) The File pull-down menu allows you to do all the following BUT: - Answer -Receive payments from customers Perform common operations by using two or more keys: - Answer -Shortcut Keys The proce...

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