SAGE50

1. When first opening the Sage 50 program you will be asked to choose -

a. select an existing company

b. to createa new company

c. restore from backup

d. any one of the above

2. To change date format settings in the Sage 50 data file, you must access -

a. the Sage program system settings screen

b. the Windows control panel screen

c. the Windows explorer properties menu

d. none of the above

3. Businesses that are allowed to use the Quick Method for applying GST/HST include -

a. banks and other financial institutions

b. any business with annual sales less than $500 000

c. some small businesses

d. all businesses may use the Quick Method

4. The general journal input screen will not allow you to post a transaction -

a. unless the revenue amounts exceed the expense amounts (there is a profit)

b. unless the credit amounts exceed the debit amounts

c. unless the debit amounts are equal to the credit amounts

d. unless you choose to display the general journal entry first

5. To enter a date for an accounting transaction, you must -

a. choose a date from the pop-up calendar

b. type the date in text style (e.g., April 8)

c. enter the month, day and year as two-digit numbers separated by a space

d. you may use any of the above to enter the date