Computerized Accounting with Sage 50 - Level 1 (S110) 16. Choosing to show corrections in the journal report options window will *** a. show the original, reversing and correcting entries h. show the original and reversing entries c. show the reversing and correcting entries d. show only the final correct entry 17. What is the purpose of entering historical invoices and payments for suppliers a to allow tracking of discounts taken b. to total all purchases for the supplier this year c. to allow the supplier balance field to be updated d. all of the above 18. What step is not involved in setting up the receivables ledger - a. setting the defaults to customize the receivables ledger b. setting the receivables bank and accounts receivable linked accounts e. receivables ledger amounts must match the general ledger amounts d. recording a sales invoice 19. Expense accounts created in account ledger windows are assigned by default to - a. the expenses class b. the operating expenses class c. the cost of good sold class d. the extraordinary expenses class 20. When correcting a purchase order error before posting you should a. open a new purchase order and enter the correct work b. remove the purchase order from the edit menu c. select the incorrect field(s) in the journal and input the correct data d. re-select from suppliers list 21. When customers settle their accounts in full after you enter deposits in the receipts journal- a. you must pay or mark as paid both the invoice amount and the deposit b. the net amount owing appears on the invoice line c. the net amount owing appears on the deposit line d. the deposit is already taken to reduce the invoice amount owing 22. When you convert a purchase quote to a purchase order you can edit all of the following except a. the shipping date b. the quantity ordered c. the quote/order number d. the unit price for the ordered items 23. Why might GST amounts in the ledger differ from the GST report - a. GST paid is recorded from the total in the purchases journal b. there is an outstanding GST account balance before the first journal entry c. GST charged is recorded from the sales journal d. the GST ledger and GST report are always in balance 2018 August 23, 2018