Question 1 The firm's fiscal year starts on January 1, 2026 and ends on December 31, 2026. You are journalizing on January 7, 2026 a bank adjustment dated January 3, 2026.

What is your Session date? Jan 01, 2026 Jan 03, 2026 Jan 07, 2026 Dec 31, 2026

Question 2 A firm's fiscal year starts on February 1, 2026 and ends on Jan 31, 2027. You are journalizing on March 10, 2026 a bank adjustment dated March 7, 2026.

What is your Transaction date? Mar 01, 2026 Mar 07, 2026 Mar 10, 2026 Jan 31, 2019

Question 3 Which of the following is not true for Posting in the COMPANY module of Sage 50 Accounting:

Transfers information from the Journal form to the computerized General Ledger record. The number of accounts must always be equal (Left side accounts = the right side accounts). Can only be accomplished if the debits equal the credits. None of the above

Question 4 An > arrow symbol at the left side of a paragraph means:

The section is important. The section contains information that needs to be entered into the computer. The section can be ignored when studying. The section can only be accomplished by using the mouse.

Question 5 The Comment column field is normally shown:

On the left side of the General Journal. On the right side of the General Journal. Is not shown in the General Journal. Is shown below the totals in the General Journal.

Question 6 After using the Backup function in Sage 50 Accounting which of the following is true:

The size of the data files on the storage device will be the same size as the size of the files on the hard-drive storage space. The size of the data files on your storage device will be smaller than the size of the files on the hard-drive storage space. You can put only two companies' backups on the same storage devise. None of the above

Question 7 To use the Help feature in Sage 50 Accounting, you can do which of the following:

Click on the Help item on the menu bar. Click and Type your question in the 'Type a question for help' field. One of the items is correct. Both a and b items are correct.

Question 8 When you post a journal entry in Sage 50 Accounting, all modules are immediately updated except the general ledger. True False

Question 9 A logbook is a record of the data contained on the storage device(s) you use. True False

Question 10 A journal entry can only be viewed after it has been posted. True False

Question 11 Sage 50 Accounting is made up of 7 modules, RECEIVABLES, PAYABLES, INVENTORY & SERVICES, EMPLOYEES & PAYROLL, PROJECT, BANKING AND COMPANY. True False

Question 12 To change the session date, you must click on Setup and Change Session Date.

True False

Question 13 When you Filter out error adjustments (journal printing) they are removed from the data file. True False

Question 14 The Sage 50 Calculator can be used by clicking the View menu item. True False

Question 15 Once the company information is input, you cannot change it again unless you open a new company. True False