Part A: Multiple-Choice Questions (1 mark each for a total of 10 marks) 1. The purchases joumal may be used for the following -- a. purchase transactions paid by cheque b. purchase transactions paid by cash c. credit or pay later purchase transactions d. all of the above 2. The receipts journal may be used for the following - a. partial cash payment from customers b. customers paying more than one invoice with a single cheque c. full cash payment from customers d. all of the above 3. When you adjust a posted general journal entry, you can - a. change the date b. enter additional account lines c. change the account number or the amount d. change any of the above 4. To record a partial payment in the payments journal, you must change - a. the cheque number b. the payment amount c. the date of payment d. the invoice number 5. The payments journal may be used for the following - a. full cash payment to suppliers b. purchase transactions paid by cheque c. partial cash payment to suppliers d. all of the above 6. Transactions entered in the receipts journal will not allow the following - a. editing of the discount amount b. payments less than the invoice amount c. reversing a previous payment d. payments greater than the invoice amount 7. To change a stored/recurring transaction - a. recall the stored entry, edit it and post it b. remove the stored entry and then re-enter and store the changed transaction c. recall the stored entry, edit it and then store it again d. you cannot change an entry that is stored 8. In the receipts journal, once we select the customer we are not required to enter a. the original amount b. the payment amount c. we need to enter all the above details d. the date of payment 9. When you adjust a general journal entry, Sage 50 a. includes the original and reversing entry in reports only when you choose to show corrections b. renumbers the correction so that it replaces the original journal entry number in the report c. always includes the original entry and the corrections in reports for a complete audit trail d. deletes the original entry and saves the correction 10. To correct a general joumal entry, you should a. enter the transaction correctly - when you use the same source number, the original entry is cancelled b. choose the adjust an entry option, choose the transaction, edit it and post c. make a reversing entry to cancel the original incorrect entry d. make a reversing entry and then enter the transaction correctly