16. Sage One Accounting hosts 3 different dashboards. A True B. False 17. You will create a new company in Sage One Accounting in the Company... Manage Companies option. A True B. False 18 When doing a bank reconciliation, what are the cheques called that have not cleared the company's bank account? A. Outstanding Funds B. Outstanding Cheques C. Un-deposited Funds D. Un-deposited Cheques 19. In accrual basis accounting, when is revenue recognized; when it is received or earned? 20. What report or form would you look at to ensure the debits are equal to the credits ? A Cash Flow Balance Sheet Trial Balance D. Adjusted Trial Balance Match the information listed in Column B with the items isted in Column A Write down only the letter of your choice next to the corresponding number COLUMNA 1 VAT Report cash 2 Trial Balance 3 Cost of Sales Purchases 4 Current Assets 5 Expenses COLUMNB This reportists all your accounts, including System Accounts for a selected period Assets expected to be sold or used within a year, such as B C This reportists VAT transactions for reporting purposes. This report is a formal record or log detailing all the financial D transactions of the company This report details your company's income and expenses. This is the cost of all physical tem sales, based on the F weighted average cost of the item at the time of sale, plus the cost of all service item purchases. G Cost incurred, such as advertising, rent, stationery and so on. 8 Profit and Loss Report 7 Audit Trail Report