1) Using Sage 300, fiscal calendar can be found in:

a) General ledger

b) accounts payable

c) administrative services

d) common services

2) On Sage 300, when entering the opening balances, the "normal" entry mode causes reference and description to repeat on each new line

a) true

b) false

3) On Sage 300 ACCPAC provides two ways to enter payment to vendors, they are:

a) the invoice entry window and the payment entry window

b) the create payment batch window and the payment entry window

c) none of the answers are correct

d) the invoice batch list window and the post

batches window

5) Posting an accounts Payable batch on sage 300 disables the batch from being posted a second time.

a) true

b) false

6) On sage 300 before you can add vendor records you must add at least one vendor group

a) true

b) false

7) on sage300 what is the purpose of selecting "calculate tax by detail" in the "tax calculation method" field when setting up tax groups?

a) this setting calculates the tax on each detail line rather than on the total invoice amount

b) this setting calculates the tax on the total invoice amount rather than on each detail line

c) none of the answers are correct

d) both a and b are correct

8) Errors/Write - off Spread on sage 300 is the maximum amount for a bank error that the company will accept without investigating the cause of the error.

a) true

b) false

9) to add customer records on Sage 300

a) go to general ledger, select A/R customers then select customers

b) go to accounts receivables, select A/R customers then select customert

c) go to accounts payable, select A/P customers then select customers

d) none of the answers are correct

10) Transaction Types on Sage 300are used to identify and enter different bank transactions. when setting up transaction types, you indicate which G/L account will hr affected by entries generated through bank services

a) true

b) false

11) The "set up interest profiles" feature on Sage 300 specifies how and when interest is charged on overdue accounts

a) true

b) false

12) on Sage 300 if the date of the invoice is October 1st and the terms are 2/10, n/30, a discount may be taken if the invoice is paid on or before October 31

a) false

b) true

13) Multiple inactive vendors may be deleted at one time using the "delete inactive records" icon in "A/P Periodic Processing" on sage 300

a) true

b) false

14) On sage 300 the accounts receivable control account setup can be done in the:

a) in the accounts receivable desktop

b) in the generals ledger desktop

c) in the administrative services desktop

d) in the accounts payable desktop

15) On sage 300 schedule codes must be set up in "scheduling" in order to use which of the following feature.

a) recurring charges in accounts receivables

b) all of the answers are correct

c) recurring payments in the accounts payable

d) recurring entries in the general ledger