COMPUTEK COLLEGE

SAGE $50$

MID $-$ EXAM $(35\%)$

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I$)$Answer the following questions briefly $($Points $15)$

$1)$ What is a customer account write$-$off? Explain briefly.

$2)$ Describe the procedures to be taken to convert a Sales Quote into a Sales Order.

$3)$ What does it mean by Conversion process? What difference do you notice when modules$/$journals are under Historic mode or Ready Mode?

$4)$ Mention three journals that can be displayed in Receivable Module.

$5)$ Journalize for a merchandise purchase return of $$300\mathrm{.}00$ plus HST of $$39\mathrm{.}00($Periodic Inventory system$)$