Sage Computerised Accounting - Qp5

8 Questions | Total Attempts: 104

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Sage Computerised Accounting - Qp5

Questions and Answers
  • 1. 
    A ______ transaction may be made through a sale or a purchase or when paying an invoice, an expense or a salary.
    • A. 

      Cash

    • B. 

      Credit

  • 2. 
    An invoice is a document issued to a customer on credit and allows the customer a certain time period to pay the outstanding balance.
    • A. 

      True

    • B. 

      False

  • 3. 
    A discretionary discount is a discount offered on some invoices to entice the customer to pay the balance as early as possible. 
    • A. 

      True

    • B. 

      False

  • 4. 
    When entering details of an invoice into a computerised accounting system you should first navigate the software to find the required page. 
    • A. 

      True

    • B. 

      False

  • 5. 
    When entering details of an invoice into a computerised accounting system you should first navigate the software to find the required page. 
    • A. 

      True

    • B. 

      False

  • 6. 
    Debit Notes are issued to adjust records due to a returned item. 
    • A. 

      True

    • B. 

      False

  • 7. 
    If your business needs to send out monthly statements to your customers, Sage can help you to easily produce the correct documents. 
    • A. 

      True

    • B. 

      False

  • 8. 
    If a customer returns an item, their account needs to be adjusted. 
    • A. 

      True

    • B. 

      False

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