Question 1

How can you find your company's current fiscal year and previous year in Sage 300 ERP?

	A.	Fiscal Calendar
	B.	General Ledger Setup/GL options/Posting
	C.	Periodic Processing/New Year
	D.	All of the above

QUESTION 2

1. When entering Tax classes both Purchases and Sales items must be entered

   True

   False

QUESTION 3

1. Tax Classes for Items must be entered before you can add the Tax Rate.

   True

   False

QUESTION 4

1. A Source Journal identifies the type of transaction

   True

   False

QUESTION 5

1. To set an account as a control account, you would:

   		Choose the G/L accounts/Accounts/Auto Allocation
   		Choose the G/L accounts/Accounts/Control Account/Inactive
   		Choose the G/L accounts/Accounts/Control Account then type the subledger
   		Choose the G/L accounts/Accounts/Auto Allocation then enter the accounts and percentage

QUESTION 6

1. Distribution codes are:

   		Codes that can be used to enter transactions
   		Identifies a type of transaction
   		Codes which are not linked to an account number

QUESTION 7

1. When setting up for Auto Allocation, you must add at least

   		One account
   		two accounts
   		three accounts
   		None of the above

QUESTION 8

1. When setting up beginning bank balance

   		The Bank Entry type Withdrawals, must be selected
   		The reconciliation status must be set as Outstanding
   		A batch is created for the General Ledger and must be posted
   		All of the above
   		None of the above

QUESTION 9

1. An Error Batch is:

   		A batch generated when there is an error during posting
   		A batch that has errors and must be deleted.
   		A batch of successfully posted transactions

QUESTION 10

1. Taxable, Exempt are examples of:

   		Tax Groups
   		Tax Authorities
   		Tax Classes
   		All of the above