Sage Computerised Accounting - Qp8

5 Questions | Total Attempts: 96

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Sage Computerised Accounting - Qp8

Questions and Answers
  • 1. 
    Current assets are items that belong to the business but will be used up within 12 months (stock, debtors, bank).
    • A. 

      True

    • B. 

      False

  • 2. 
    Fixed Assets and Depreciation is indicated with a nominal code 1000-1999.
    • A. 

      True

    • B. 

      False

  • 3. 
    Purchases are indicated with a nominal code 5000-5999.
    • A. 

      True

    • B. 

      False

  • 4. 
    Capital is the money invested by the owner and kept in the business.
    • A. 

      True

    • B. 

      False

  • 5. 
    Suspense and mispostings are indicated with a nominal code of 8000-8999.
    • A. 

      True

    • B. 

      False

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