Answer all the multiple choice questions correctly. You must be an expert in Sage 300 to answer these questions.

What are the steps to activate a module?

Click Administrative Services then choose the module to activate

Double click Administrative Services then choose the module to activate

Double click Administrative Services, Click check box to proceed, choose the module to activate

While entering a transaction, if the entry mode is Quick, you must type the Reference and Description again when you move to the next line.

True

False

What do you have to activate before you can use the Accounts Receivable module?

A. General Ledger and Accounts Payable

B. General Ledger and Tax services

C. General Ledger, Bank Services and Tax services

D. Bank Services and Tax Services only

What are the steps to produce a new year?

GL Periodic Processing, Create New Year, Proceed

Set the closing account, choose GL Periodic Processing, Create New Year, Proceed

Set the closing account, choose GL Periodic Processing, Maintenance, Proceed

When adding the Retained Earnings account you would select the:

Shareholders Equity Group and Balance Sheet Type

Shareholders Equity Group and Retained Earnings Type

Shareholders Equity Group and Income Statement Type

The default Currency...

Can be changed after setting up the Company Profile in Sage 300 ERP

Cannot be changed after setting up the Company Profile in Sage 300 ERP

Must be changed after setting up the company Company Profile in Sage 300 ERP None of the above

After activation the Bank services and Tax services are found under Administrative Services

True

False

Select the matching answer for each question.

Use to show a drop down list of options in a window A. Post button

Used to update the general ledger accounts B. Batch Listing

Shows all accounts and their balances C. General Ledger

Shows posted transactions D. Finder button

E. Trial Balance

The Account Type for the Retained Earnings Account is Income Statement

True

False

The two types databases that Sage 300 ERP uses are:

OMNSYS DATABASE and OMNDAT DATABASE

COMPANY DATABASE AND SYSTEM DATABASE

All of the above

None of the above