Sage 50 Accounts Beginners Exam
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Welcome to your Sage 50 Accounts Beginners Assessment
Exam instructions;
- Read all questions carefully before you answer
- You must answer all questions
- You have approximately 30mins to complete the exam
Please only click the test button when you are ready as you must complete the test in one sitting.
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You have successfully passed the Final Assessment.
Your results will now be forwarded to info@harleyoxford.com.
Your certification is now being processed and will be sent digitally via email for you to download within 7 – 14 working days.
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Harley Oxford would advise you to go over the course modules again to get more practice.
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- Answered
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Question 1 of 30
1. Question
Which report gives the current state of each nominal account that has been used.
Select the correct answer below.
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Question 2 of 30
2. Question
The Profit and Loss report shows how much it owes its suppliers.
Select if this statement is True or False.
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Question 3 of 30
3. Question
The Balance Sheet report shows whether a company is making profits.
Select if this statement is True or False.
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Question 4 of 30
4. Question
The audit trail is a complete list of every transaction in your system in the order in which they were made.
Select if this statement is True of False.
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Question 5 of 30
5. Question
The VAT reconciliation procedure is not reversible.
Select if this statement is True or False.
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Question 6 of 30
6. Question
When calculating the VAT return, Sage checks for various issues including possible duplications.
Select if this statement is True or False.
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Question 7 of 30
7. Question
Recurring entries are used to post journal entries.
Select if this statement is True or False.
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Question 8 of 30
8. Question
If you set up a recurring journal entry, it will automatically set up both a journal credit and a journal debit.
Select if this statement is True or False.
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Question 9 of 30
9. Question
Petty cash transactions are used to record cash payments and receipts.
Select if this statement is True or False.
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Question 10 of 30
10. Question
Journal entries are most often used to enter transactions that cannot be recorded.
Select if this statement is True or False.
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Question 11 of 30
11. Question
Aged debtors analysis lets you analyse each customer’s account in more detail.
Select if this statement is True or False.
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Question 12 of 30
12. Question
You can raise a credit note independently or can create a customer credit note directly from an invoice and allocate it to that invoice as a Sales Credit type transaction.
Select if this statement is True or False.
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Question 13 of 30
13. Question
Product invoices are not similar to Service invoices, the products you are selling are not taken from stock.
Select if this statement is True or False.
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Question 14 of 30
14. Question
Product invoices are not used when you sell non-stock items and services that you have set up in the Products and services module.
Select if this statement is True or False.
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Question 15 of 30
15. Question
Stock Control is used to update the amount of stock for each stock item you have.
Select if this statement is True or False.
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Question 16 of 30
16. Question
When you invoice from stock, items sold are subtracted from the stock levels.
Select if this statement is True or False.
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Question 17 of 30
17. Question
The Returns window is used to record when a customer has returned a damaged item to you.
Select if this statement is True or False.
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Question 18 of 30
18. Question
The Damages In option can affect stock levels.
Select if this statement is True or False.
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Question 19 of 30
19. Question
Sage 50 Accounts allows you to track stock history or hold stock levels for a non-stock or service item.
Select if this statement is True or False.
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Question 20 of 30
20. Question
The Format list box allows you to choose the nominal code
for a sale.Select if this statement is True or False.
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Question 21 of 30
21. Question
Service invoices are invoices that leave you free to enter the details of any services and products that you have supplied to your customers.
Select if this statement is True or False.
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Question 22 of 30
22. Question
The Trial Balance tells you if your company is making money, or losing money.
Select if this statement is True or False.
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Question 23 of 30
23. Question
The Balance Sheet shows the current state of all the account numbers.
Select if this statement is True or False.
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Question 24 of 30
24. Question
The Bank Payments window allows you to record payments that do not relate to a purchase invoice that you have entered.
Select if this statement is True or False.
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Question 25 of 30
25. Question
Use the Supplier Payment window to record payments relating to purchase invoices that you have already entered
Select if this statement is True or False.
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Question 26 of 30
26. Question
Double-entry book-keeping means that every transaction has both a debit side and a credit side, with the amounts matching.
Select if this statement is True or False.
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Question 27 of 30
27. Question
You are required by law to keep proper accounting records.
Select if this statement is True or False.
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Question 28 of 30
28. Question
The Sage Accounts Backup Manager does not automatically schedule backups, this must be completed manually.
Select if this statement is True or False.
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Question 29 of 30
29. Question
Using your computer keyboard, how can you open the Suppliers accounts module.
Select the correct answer from the choices below.
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Question 30 of 30
30. Question
When your customers pay you, receipts are recorded in which of the following windows.
Select the correct choice below.