Sage Computerised Accounting - Qp2

8 Questions | Total Attempts: 179

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Sage Computerised Accounting - Qp2

Questions and Answers
  • 1. 
    The purpose of using computerised accounting is to save time, increase accuracy and enhance security.
    • A. 

      True

    • B. 

      False

  • 2. 
    If you have produced the financial statements based on inaccurate information, you have therefore produced a false view of the business. 
    • A. 

      True

    • B. 

      False

  • 3. 
    Limitations and risks of the computerised accounting includes:  (Select three)
    • A. 

      You need to buy the software

    • B. 

      Training required

    • C. 

      Speed

    • D. 

      Threat of viruses

  • 4. 
    All sales and purchases must be reported and VAT paid on them, regardless of whether the sale or purchase has been paid. 
    • A. 

      True

    • B. 

      False

  • 5. 
    It is good practice to always ensure that you have checked your company details as mistakes could have problematic implications in reality. 
    • A. 

      True

    • B. 

      False

  • 6. 
    You must save your data only once you have completed the input data.
    • A. 

      True

    • B. 

      False

  • 7. 
    Sage has a default date which you must override to ensure that you get the most out of your package. 
    • A. 

      True

    • B. 

      False

  • 8. 
    Using a computerised accounting system decreases the chance of you entering accurate information because the computer software completes all calculations and automatically performs all procedures. 
    • A. 

      True

    • B. 

      False

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