SAGE 300 2017

ASSIGNMENT (15%)

I.Choose the best answer for the following questions

1. Databases that should be created before Sage 300 include the following:
2. Accounts database
3. System database
4. Company database
5. b and c are correct
6. One of the following is not included in the administrative services of Sage300
7. User authorization
8. Security Groups
9. Scheduling
10. Data activation
11. The GL options icon in the GL set up is consisted one of the following:
12. Company tab
13. Account tab
14. Posting tab
15. All of the above

II. Say True or False to the following statements

1. Administrative and Common Services are the two main services of Sage 300.
2. Once a module has been activated for company database, it can be deactivated by the user later.
3. Sage 300 designates that the first segment be designated as a natural account segment.
4. Retained earnings are used to close the balance sheet accounts in Sage 300.

III. Answer the following questions briefly

1. What is a control account?
2. List the steps required to enter current year opening balances
3. List the two ways that a recurring entries batch can be processed