Sage Computerised Accounting - Qp3 | Attempts: 260

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| By Jackson Matthews

Jackson Matthews

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Quizzes Created: 588 | Total Attempts: 706,902

| Attempts: 260

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1/8 Questions

Computerised accounting helps the company to have control of their credit management and to be aware of what money each customer should be paying and when to expect their payment.
- True
- False

Sage Computerised Accounting - Qp3 - Quiz

About This Quiz

This quiz assesses understanding of Sage computerised accounting systems, focusing on credit management, customer and supplier relationships, and data management. It evaluates the ability to manage financial records accurately and efficiently, essential for professionals in accounting and finance.

2.

If you have entered any details incorrectly, or details have changed, you will have to create a new customer.
- True
- False
Correct Answer

A. False

Explanation

The statement suggests that if any details have been entered incorrectly or have changed, a new customer will have to be created. The correct answer is "False" because this statement is incorrect. If any details have been entered incorrectly or have changed, it is not necessary to create a new customer. The existing customer's details can be updated or corrected without the need to create a new customer.

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3.

Creating supply and client records will allow you to keep all details in one place, amend records and produce reports with the click of a button.
- True
- False
Correct Answer

A. True

Explanation

Creating supply and client records in one place allows for easy access to all relevant details. This centralized system makes it convenient to make changes or updates to records as needed. Additionally, having all the information in one place enables the generation of reports quickly and effortlessly. Therefore, the statement is true.

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4.

A Creditor is a supplier who you owe money to.
- True
- False
Correct Answer

A. True

Explanation

A creditor is a person or entity to whom an individual or organization owes money. They are typically suppliers or lenders who have provided goods or services on credit. When someone owes money to a creditor, they are considered a debtor. Therefore, the statement "A Creditor is a supplier who you owe money to" is true.

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5.

To amend supplier details, click on ‘File’ and choose the ‘Maintenance’ option. Find ‘Corrections’ on the list and you will be given the option to either amend or delete record.
- True
- False
Correct Answer

A. True

Explanation

To amend supplier details, the correct action is to click on 'File' and choose the 'Maintenance' option. From there, locate 'Corrections' on the list and you will be presented with the choice to either amend or delete the record. Therefore, the statement "To amend supplier details, click on 'File' and choose the 'Maintenance' option. Find 'Corrections' on the list and you will be given the option to either amend or delete record" is true.

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6.

The customer area on the screen will allow you to print out reports.
- True
- False
Correct Answer

A. True

Explanation

The statement suggests that the customer area on the screen has a feature that allows the user to print out reports. Since this feature is mentioned, it implies that the statement is true.

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7.

A creditor is a customer who owes the company money.
- True
- False
Correct Answer

A. False

Explanation

The statement is false because a creditor is not a customer who owes the company money. A creditor is actually a person or entity to whom the company owes money, such as a lender or supplier. Customers owe money to the company and are called debtors, not creditors.

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8.

Computerised accounting helps the company to have control of their credit management and to be aware of what money you should be paying to each supplier and when suppliers expect their payment.
- True
- False
Correct Answer

A. False

Explanation

Computerized accounting does help the company to have control of their credit management and to be aware of what money they should be paying to each supplier and when suppliers expect their payment. Therefore, the correct answer is True.

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Current Version
Aug 21, 2023

Quiz Edited by
ProProfs Editorial Team
Apr 08, 2014

Quiz Created by
Jackson Matthews

Sage Computerised Accounting - Qp3

Computerised accounting helps the company to have control of their credit management and to be aware of what money each customer should be paying and when to expect their payment.

Quiz Preview

If you have entered any details incorrectly, or details have changed, you will have to create a new customer.

Creating supply and client records will allow you to keep all details in one place, amend records and produce reports with the click of a button.

A Creditor is a supplier who you owe money to.

To amend supplier details, click on ‘File’ and choose the ‘Maintenance’ option. Find ‘Corrections’ on the list and you will be given the option to either amend or delete record.

The customer area on the screen will allow you to print out reports.

A creditor is a customer who owes the company money.

Computerised accounting helps the company to have control of their credit management and to be aware of what money you should be paying to each supplier and when suppliers expect their payment.