Sales Ledger - Introduction Quiz

Submit

2. In the screenshot below we have an account enquiry screen. A field name has been removed as highlighted by the red box. Tick the missing field from the list below.

Account Description

Account Name

Account Reference

Account Code

3. What is the purpose of sending a statement to a sales ledger account customer?

To advertise current dealership offers

To issue a summons for unpaid debt

To advise the customer of outstanding invoices and receipts

To show the dealership has paid all outstanding invoices for the customer

4. The Credits Given report will allow a business to find the value of any credit notes posted across a date range. This is very useful to see if there are any customers who return goods more frequently.

True

False

5. Which report would you use to find out which of your account customers owe you money and how long it has been outstanding?

Aged Debt Report

Ledger Balance Report

Transaction Report

Day Book Report

6. Which report would you use to send customers a list of the credit notes and outstanding / overdue invoices?

Allocate cash

Statements

Daybook

Turnover

7. A sales ledger is used to......

Maintain a list of debtors we owe money to

Maintain a list of suppliers who owe us money

Maintain a list of customers we owe money to

Maintain a list of customers who owe us money

8. All customer queried transactions can be marked and reported in a single Queried Transaction Report.

True

False

9. I have posted an invoice in the sales ledger against account PIN01. The account total will get smaller.

True

False

10. The account balance on a sales ledger account is only updated at the end of the day.

True

False

11. You can have master and transaction sales ledger accounts. Pick the correct relationship between them from the list below.

A master account can be linked to many transaction accounts

A transaction account can be linked to many master accounts

A master account can only be linked to a single transaction account

The master account and transaction account must have the same account code

12. You can control the number of paper invoices which are printed off in parts or workshop by each sales ledger account.

True

False

13. Which of the below cannot be used to select an account in the enquiry screen?

Post Town

Post Code

Account Code

Telephone Number

14. Who would you expect to spend most of their working day in the Sales Ledger module?

Salesman

Accounts Clerk

Accounts Director

Managing Director

15. If you wanted to see what changes were made to all sales ledger accounts over a period, which report would you use?

Aged Debt

Transaction

Amendments Audit

Queried Transactions

16. I cannot use the Account Status report to put accounts on stop.

True

False

17. Select three options from the tick boxes below the tasks you would expect to carry out using the sales ledger.

Chasing up outstanding debts (not always the easiest part of the job)

Setting up new clients

Running off turnover statements

Making EFT or cheque payments

Submit

18. If we were looking for a report to show how much a customer has spent with us this month, this year and last year, which report would we use?

Transaction Report

Aged Debt Report

Turnover Report

Account Status Report

19. A Parts Price of Trade is used for all trade accounts.

True

False

20. What would you use the rep number for against sales ledger accounts?

It is not used anywhere

To uniquely identify each account

To link transaction accounts to master accounts

To group accounts together when reporting

Sales Ledger - Introduction Quiz

1. Please fill in the blank with the words up or down. When I post a credit note to a customer account in the sales ledger the total against the account goes __________.

2.

What first name or nickname would you like us to use?

2. In the screenshot below we have an account enquiry screen. A field name has been removed as highlighted by the red box. Tick the missing field from the list below.

3. What is the purpose of sending a statement to a sales ledger account customer?

4. The Credits Given report will allow a business to find the value of any credit notes posted across a date range. This is very useful to see if there are any customers who return goods more frequently.

5. Which report would you use to find out which of your account customers owe you money and how long it has been outstanding?

6. Which report would you use to send customers a list of the credit notes and outstanding / overdue invoices?

7. A sales ledger is used to......

8. All customer queried transactions can be marked and reported in a single Queried Transaction Report.

9. I have posted an invoice in the sales ledger against account PIN01. The account total will get smaller.

10. The account balance on a sales ledger account is only updated at the end of the day.

11. You can have master and transaction sales ledger accounts. Pick the correct relationship between them from the list below.

12. You can control the number of paper invoices which are printed off in parts or workshop by each sales ledger account.

13. Which of the below cannot be used to select an account in the enquiry screen?

14. Who would you expect to spend most of their working day in the Sales Ledger module?

15. If you wanted to see what changes were made to all sales ledger accounts over a period, which report would you use?

16. I cannot use the Account Status report to put accounts on stop.

17. Select three options from the tick boxes below the tasks you would expect to carry out using the sales ledger.

18. If we were looking for a report to show how much a customer has spent with us this month, this year and last year, which report would we use?

19. A Parts Price of Trade is used for all trade accounts.

20. What would you use the rep number for against sales ledger accounts?