$1-$ The Sage $50$ home window does not display $-$ Select one:

A$)$ icons for the ledger accounts

B$)$ icons for the journals

C$)$ icons for individual accounts

D$)$ icons for ledgers and journals

$2-$ The backup function will automatically $-$ Select one:

A$)$ create a compressed backup version of the current file and keep the original file open

B$)$ save changes as another file and keep the new file open

C$)$ create a compressed backup version of the current file and close the current file

D$)$ restore a file that was previously saved

$3-$ Businesses must register for GST and apply GST to sales If:

A$)$ they have annual sales over $$30000$

B$)$ they import goods from outside of Canada

C$)$ they sell to customers In Canada

D$)$ all businesses in Canada must register for GST

$4-$ GST$/$HST differs from other sales taxes in that $-$ Select one:

A$)$ the same rate applies to all goods and services sold

B$)$ it applies at all levels of sales

C$)$ GST$/$HST is applied in the same way as other sales taxes

D$)$ all goods and services have GST$/$HST applied

$5-$ In Sage $50$: which statement is true about the new account wizard

Select one:

A$)$ you cannot add new accounts from the account field in a journal.

B$)$ you must add new accounts before opening a journal

C$)$ you may skip directly to the Finish screen in the wizard if the default settings are correct.

D$)$ you must make a choice for each screen in the wizard

$6-$ To correct a general journal entry, you should $-$

A$)$ choose the adjust an entry option, choose the transaction, edit it and post

B$)$ make a reversing entry and then enter the transaction correctly

C$)$ make a reversing entry to cancel the original incorrect entry

D$)$ enter the transaction correctly

$7-$ When you do not change the default session date in a journal transaction $-$

A$)$ you will be reminded to change the date when you try to post the transaction

B$)$ the transaction will be posted with the session date as the transaction posting date

C$)$ it does not matter because transactions are always posted with the session date

D$)$ it does not matter because the session date is always the same as the posting date

$8-$ What does the non$-$finished symbol on ledgers indicate $-$

A$)$ the history for the ledger is not finished

D$)$ you must remove it in order to get access to a journal

B$)$ the ledger has a malfunction $-$ get help before proceeding

C$)$ to open the general journal icon, click on it

$9-$ When using only the General Ledger closing all other windows $-$ Select one:

A$)$ is necessary before finishing the history for the general ledger

B$)$ will remove the not$-$finished symbols for all ledgers

C$)$ ensures that all accounts are properly set up

D$)$ is an option but is not required before finishing the history

$10-$ When you start a new fiscal period, the fiscal end date is automatically advanced

A$)$ to one year past the new fiscal start date

B$)$ to one year past the previous fiscal end date

C$)$ to match your previous fiscal period, ie$,$ by three months if you had a quarterly period before

D$)$ to the new fiscal start date

$11-$ How would you enter a purchase with payment $-$

Select one:

A$)$ open the payments journal and choose invoice with cheque

B$)$ open the payments journal and choose supplier with cheque

C$)$ open the payments journal and choose make other payment

D$)$ open the purchases journal and choose invoice and pay later

$12-$ Which one of the following statements about supplier options is incorrect $-$ Select one:

A$)$ print contact on cheques only if the field has an address or department

B$)$ only the no tax code is available if you choose No as the tax$-$exempt option

C$)$ you can send e$-$mails to suppliers

D$)$ an asset account may be selected as the default expense account

$13-$ To create a shortcut for the general journal, you would $-$ Select one:

A$)$ choose the customize tool in any journal window

D$)$ open the journal and choose the make shortcut tool

B$)$ Choose Customize in the module window shortcuts pane

C$)$ choose make shortcuts from the home window view menu in the enhanced view

$14-$ Linked accounts provide all but one of the following controls $-$

A$)$ Amounts cannot be entered incorrectly.

B$)$ Required linked accounts must be defined.

C$)$ The program automatically updates the corresponding general ledgers.

D$)$ There is no need to enter the information twice.

$15-$ The customer aged detail report will not include $-$

A$)$ Columns showing the number of days overdue

B$)$ Invoice dates and sales terms

C$)$ Invoices that are fully paid

D$)$ The report will include all these details

$16-$ Adding the discount terms $\frac{2}{10},\frac{n}{30}$ to a sales invoice for $$1,000$ will $--$

A$)$ Change the accounts receivable amount to $$980.$

B$)$ Change the cash in bank amount to $$980.$

C$)$ Credit $$20$ to accounts receivable and debit $$980$ when the account is paid.

D$)$ Not change the amounts in the journal entry for the sales invoice.