Sage Computerised Accounting - Qp6

10 Questions | Total Attempts: 111

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Sage Computerised Accounting - Qp6

Questions and Answers
  • 1. 
    Money is the life blood of any organisation and so particular attention should be paid to the ‘Bank’. 
    • A. 

      True

    • B. 

      False

  • 2. 
    Checking the accounts in ‘Cash’ regularly would help to reduce fraud.
    • A. 

      True

    • B. 

      False

  • 3. 
    Using the Bank area, you can record payments that your organisation has made and received, whether they are cash receipts and payments or payments from Debtors or to Creditors.
    • A. 

      True

    • B. 

      False

  • 4. 
    Both types of receipt are the same types of transactions and must be indicated as such.
    • A. 

      True

    • B. 

      False

  • 5. 
    Payments from Debtors will not go into the ‘Cash in Hand’ account; they will go into the ‘Bank Current Account’. 
    • A. 

      True

    • B. 

      False

  • 6. 
    To record a payment that you have made, for example a utility bill, click on the ‘Payment’ icon along the top of the screen in the ‘Creditor’ area. 
    • A. 

      True

    • B. 

      False

  • 7. 
    Transferring money from one account to another is not common practice. 
    • A. 

      True

    • B. 

      False

  • 8. 
    The Journals are used when making an entry to the accounts which are more unusual than the normal sales/purchases, payments/receipts transactions. 
    • A. 

      True

    • B. 

      False

  • 9. 
    A bad debt is created when a creditor has not paid their bill. 
    • A. 

      True

    • B. 

      False

  • 10. 
    Advantages of using computerised accounting is the automatic production of report at will and amending records is straight forward.
    • A. 

      True

    • B. 

      False

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