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21. When an accountant is working within an accountant's copy of a company file, what does SAGESD display in the title bar? A) Copy

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21. When an accountant is working within an accountant's copy of a company file, what does SAGESD display in the title bar? A) "Copy of the Meter" B) "The counter copy exists" c) "Your company file" D) The title bar is the same whether or not there is an accountant's copy 22. What menu would you have access to activate Groups? A) Edit: Duplicate B) Edit: Copy c) Edit: Groups D) Edit: Preferences 23. What does a budget offer in SAGE50 that a forecast does NOT offer? A) More options for group reports B) They offer the same options c) More reporting options D) Fewer reporting options 24. What does it mean if you report transactions on an accrual basis? I A) All income that has been earned and all expenses that have been incurred are reported, regardless of whether the money has been received or paid B) Only report income if the money has been received c) Only report expenses if they have been paid D) Both b. how C. 25. By default, net income from the previous year flows into which account in the following year? A) Retained Earnings B) Assets C) Liabilities D) Accounts receivable 26. In SAGE50, credit cards must be recorded as a liability account and reconciled as a bank statement. (A) (B) TRUE FALSE

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