1. If your relationship with an existing vendor changes so that now you are paying the vendor in a different currency: you cannot change the currency associated with existing vendors and have to enter a new vendor record instead.

True

False

2. Changing a rate in the exchange-rate table will not affect transactions that you have already processed. If you need to change the rate for a processed transaction, adjust or void the transaction.

True

False

3. When entering an invoice for a customer from a different country, the exchange rate should be updated and the total amount entered in Canadian dollars.

True

False

4. Which one of the following does not usually need to be set up as a linked account:

		Purchase discounts
		Freight revenue
		GST/PST payable
		Sales discount

5. To enable Internet sales where customers may have differing tax rates

		Does not require anything different than regular sales or customers.
		No default tax code should have been entered as different customers can have different tax codes.
		This cannot be done on a single invoice in Sage. A different invoice is required for each customer.
		None of the above.