16.

If debits do not equal credits when entering the COA Beginning

Balances, what account would Sage 50 put the difference in?
A. Retained earnings

B. Beginning Balance Equity

C. Owners Equity

D. None, Sage 50 will not allow an out of balance in Beginning Balances

17.If a user cannot see the GL Account numbers displayed in Sales Invoicing,
Purchases or Payroll, where should they go to change this?
A. Maintain, Company Information

B. None of the above

C. Maintain, Default Information General Ledger

D. Options, Global

35.What reports in AR and AP would you see to tie-back to get the GL?
A.The aged receivable and payable reports

B.None of the above

C.The vendor and customer ledgers

D.The sales and purchase journals

39.To edit sub-stock items you go to:

A.Inventory adjustments

B.The sub-stock item listed in maintain,Inventory

C.The master stock item listed in maintain,inventory

45.If a customer uses a particular sales rep.you can assign this in what area?
A.Maintain,Customer/Prospects
B.Maintain,Default information,Customers

C.Maintain,Default Information,Inventory items

D.Maintain,Employee/Sales Reps

54.How do you create a credit memo for a customer fully paid

>Special tasks,Credit memo
19) What steps should you take to properly record a refund to a customer?
a. Enter a payment to the customer

b. Enter a payment to the customer, apply the payment in credit memos

c. Use Write Checks to pay the customer

d. Enter a payment to the customer, apply the payment to the open credit in receipts
20.This report can be printed during the progress of a job to compare estimates with actual
expenses:
a. Job Costs by Type

b. Estimated Job Expenses Yes, It's Correct,

c. Estimated Job Revenue

d. Job Estimates

4) To change the rounding account in Sage 50 Complete Accounting you would go to:
a. Maintain, Chart of Accounts

b. None of the above

c. Task, General Journal Entry

d. Maintain, Default Information, General Ledger

13) The Employee Beginning Balances should be used for:

a. None of the above

b. Adjustments to payroll

c. Paychecks that were processed prior to using Sage 50

d. Any payroll entry

13.The Quantity on Hand in Maintain, Inventory Items is as of the:

A. Current System Date

B. End of the current period

C. Current Windows System Date and Time

D. End of the fiscal year

14.How do you create a Credit Memo for a customer invoice that has not been fully paid?

a. Select Tasks, Credit Memos (in the Accounts Receivable Section, select the customer, the
appropriate invoice and enter the quantity that was returned on the original invoice