Sage Line 50 Accounts

10 Questions | Total Attempts: 5153

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Sage Line 50 Accounts

AAT Level 2 Computerised Accounts formative assessment.


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

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