Quiz: Sage Line 50 Accounts

10 Questions | By GGodfrey | Last updated: Jul 31, 2022 | Total Attempts: 6130

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Do you know about Sage 50 Accounts software? Check out these MCQ questions and answers based on Sage 50 and test your knowledge regarding this accounting solution. Sage 50 is a sophisticated accounts solution used to make a record of financial control of the businesses. Previously, it was known as line 50. The below quiz is an AAT Level 2 computerized accounts formative assessment to check how good you are at using this software. Play the quiz, then.

Questions and Answers

1.

You need to enter a new customer on to Sage, how do you do this?
- A.
  
  Suppliers module -> New
- B.
  
  Customers module -> Record
- C.
  
  Nominal module -> New
- D.
  
  Customers module -> New
2.

You are asked to enter some new capital into your business, which module will you do this in?
- A.
  
  Nominal
- B.
  
  Financials
- C.
  
  Supplier
- D.
  
  Bank
- E.
  
  Customer
3.

What nominal code range are Sales normally in?
- A.
  
  The 4000 range
- B.
  
  The 3000 range
- C.
  
  The 5000 range
- D.
  
  The 7000 range
4.

What Tax Code do you use on an exempt transaction?
- A.
  
  T0
- B.
  
  T1
- C.
  
  T2
- D.
  
  T9
5.

Where would you enter opening balances for suppliers?
- A.
  
  Customer record
- B.
  
  Supplier record
- C.
  
  Customer invoice
- D.
  
  Supplier invoice
6.

What two elements do you use to reconcile the bank account?
- A.
  
  Sage bank balance in the bank module and nominal ledger balance
- B.
  
  Bank statement and supplier payments
- C.
  
  Bank statement and customer balances
- D.
  
  Sage bank balance in the bank module and the bank statement
7.

The bank current account is defaulted to which nominal ledger code?
- A.
  
  9999
- B.
  
  4000
- C.
  
  5000
- D.
  
  1200
8.

Which function would you use in the bank module to enter a monthly direct debit?
- A.
  
  Bank payment
- B.
  
  Supplier payment
- C.
  
  Recurring items
- D.
  
  Batch payments
9.

Where would you find the customer receipt button?
- A.
  
  Customers
- B.
  
  Bank
- C.
  
  Nominal
- D.
  
  Suppliers
10.

If your trial balance is incorrect, which of the following would appear?
- A.
  
  9999 - Mispostings account
- B.
  
  9998 - Suspense account
- C.
  
  3000 - Capital account
- D.
  
  3200 - Profit or Loss account