Quiz: Sage Line 50 Accounts

10 Questions | Total Attempts: 6130

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Quiz: Sage Line 50 Accounts - Quiz

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

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