Question : Multiple Choice Questions 11.In Chapter 10, you do the following: A.Set up : 1199034

 

Multiple Choice Questions 

11.In Chapter 10, you do the following:   

A.Set up a retail business.

 

B.Select November 2013 as the accounting period.

 

C.Record deposits, checks, and ATMs

 

D.Print the chart of accounts.

 

E.Record purchase invoices.

 

 

 

 

12.To record checks, you need to:   

A.Select a cash account

 

B.Select an accounts payable account

 

C.Set discount defaults

 

D.Select Maintain; Chart of Accounts

 

E.Select Tasks, Receipts

 

 

 

 

13.In order for the appropriate two decimal places to show on windows, you need to:   

A.Select Maintain, Company Info

 

B.Select Company, Restore

 

C.Display the beginning balances

 

D.Select global settings for two decimal places

 

E.Select Maintain, Chart of Accounts

 

 

 

 

14.The account credited on the Receipts window is:   

A.Account No. 1020, Checking Account

 

B.The GL Account selected

 

C.Account No. 1040, IRA Savings

 

D.The Receipts window does not need to have an account credited

 

E.Account No. 1010, Money Market

 

 

 

 

15.The Write Checks window automatically debits the following account:   

A.Account No. 1020 Checking Account

 

B.The Expense account selected

 

C.You need to select the account credited not debited

 

D.Account No. 1040, IRA Savings

 

E.Account No. 1010, Money Market

 

 

 

 

16.In Sage 50, there are two ways to record entries from the transaction register:   

A.From the System Navigation Center, link to synchronize Sage 50

 

B.From the Banking tasks and view reports selections

 

C.From the System Navigation Center and Analysis Tools

 

D.From the Reports menu and from the Help menu

 

E.From the Menu bar or the Navigation Bar

 

 

 

 

17.To record a deposit shown on Mr. Walsh’s transaction register, make the following selections:   

A.From the System Navigation Center, select Backup Now

 

B.From the Banking Navigation Center, select Write Checks

 

C.From the menu bar, select Tasks, Receipts

 

D.From the System Navigation Center, select Restore Now

 

E.From the menu bar, select Tasks, Payments

 

 

 

 

18.To display the account register, do this:   

A.From the Banking Navigation Center Recently used Banking Reports area, select View Account Register.

 

B.From the Banking Navigation Center Write Checks icon, select View and Edit checks.

 

C.From the System Navigation Center, select Backup Now.

 

D.From the System Navigation Center, select Restore Now.

 

E.From the Banking Navigation Center, view the balance sheet and income statement.

 

 

 

 

19.To change an entry on the Write Checks window or Receipts window, do this:   

A.Make a completely new entry

 

B.Delete the record

 

C.Add a transaction line

 

D.Select Maintain; Chart of Accounts

 

E.Edit the record

 

 

 

 

20.In Sage 50, a backup file can be used to restore:   

A.Companies need to be set up first and then you can restore a backup file

 

B.Two companies at the same time

 

C.Doc files from Microsoft Word

 

D.Data from Microsoft Excel

 

E.A new company—one that has not been setup.