Reference no: EM132939223
Problem 1: To create a shortcut for the general journal, you would -
a. open the journal and choose the make shortcut tool
b. choose make shortcuts from the home window view menu in the enhanced view
c. choose the customize tool in any journal window
d. choose customize in the module window shortcuts pane
Problem 2: If you post a purchase invoice with 2018 as the year in the date field when the fiscal year is 2020 -
a. Sage 50 Accounting will not post the transaction
b. Sage 50 Accounting will post the purchase with a reminder that prior fiscal period reports are affected
c. Sage 50 Accounting will ask for confirmation that the date is correct and then post the entry
d. Sage 50 Accounting will warn you of the error and then close the journal
Problem 3: The receipts journal may be used for the following -
a. full cash payment from customers
b. partial cash payment from customers
c. customers paying more than one invoice with a single cheque
d. all of the above
Problem 4: Transactions entered in the receipts journal will not allow the following -
a. payments greater than the invoice amount
b. payments less than the invoice amount
c. editing of the discount amount
d. reversing a previous payment
Problem 5: How would you enter a sale for an account customer paying by cheque -
a. open the sales journal and choose invoice and cheque
b. open the sales journal and choose invoice and pay later
c. open the receipts journal and choose sale and cheque
d. open the receipts journal and choose invoice, pay later and cheque
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