1. If GST charged had been omitted from a posted sales invoice you should correct the entry by –

a. Selecting the invoice through the adjusting an invoice screen and entering the correction

b. Correct the posted invoice by entering the corrected version

c. Look up the invoice and reverse it

d. Record a separate entry for the GST charged

2. To enter a NSF cheque –

a. Reverse the receipt in the cash sales journal with a payment by cheque

b. Enter a sales invoice for a negative amount

c. Reverse the receipt in the receipts journal

d. None of the above

3. You will see the message that there is no data to report when –

a. There are no journal entries for the dates selected for the report

b. You sort the journal report by invoice number

c. You filter the journal report by invoice number

d. You choose to show corrections and there are no correcting entries

4. Which one of the following is not included as an option for tax reports –

a. Report on PST

b. Report sales transaction amounts

c. Report purchase transaction amounts

d. All of the above can be included in tax reports

5. The Statement of Cash Flows shows –

a. How much money there is in the bank account

b. How much money you have saved

c. The changes in how much money is owed

d. b and c above