Sage Computerised Accounting - Qp7

6 Questions | Total Attempts: 79

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Sage Computerised Accounting - Qp7

Questions and Answers
  • 1. 
    Nominal codes 2000-2999 indicates Sales.
    • A. 

      True

    • B. 

      False

  • 2. 
    Miscellaneous overheads are on-going expenses of operating a business.
    • A. 

      True

    • B. 

      False

  • 3. 
    A debtor who does not pay their debt should be written off as a bad debt.
    • A. 

      True

    • B. 

      False

  • 4. 
    Fixed assets are items such as vehicles, premises and equipment that belong to the business and which depreciate.
    • A. 

      True

    • B. 

      False

  • 5. 
    Liabilities are debts which the customers owe.
    • A. 

      True

    • B. 

      False

  • 6. 
    Direct expenses are those expenses directly linked to production.
    • A. 

      True

    • B. 

      False

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