The following questions relate to Sage 300 software. If an answer is correct, please write a checkmark next to it. If an answer is incorrect, please write an next to it. You need to explain why EACH answer is either correct or incorrect. If you have already answered this question before DO NOT answer this. You must verify if each of the 10 Questions are correct or incorrect. Failure to respond to the 10 Questions will result in a thumbs down. For example, if you verify less than 10 Questions. You must verify all 10 Questions.

Question 1 (10 POINTS) While entering a transaction, if the entry mode is Quick, you must type the Reference and Description again when you move to the next line True False Question 2 (10 POINTS) What are the steps to create a new year? GL Periodic Processing, Create New Year, Proceed Set the closing account, choose GL Periodic Processing, Create New Year, Proceed Set the closing account, choose GL Periodic Processing, Maintenace, Proceed Question 3 (10 POINTS) The two types databases that Sage 300 ERP uses are: O OMNSYS DATABASE and OMNDAT DATABASE COMPANY DATABASE AND SYSTEM DATABASE O All of the above None of the above QUESTION 4 After activation the Bank services and Tax services are found under Administrative Services o True False QUESTION 5 (10 POINTS) What are the steps to activate a module? Click Administrative Services then choose the module to activate Double click Administrative Services then choose the module to activate Double click Administrative Services, Click check box to proceed, choose the module to activate QUESTION 6 (10 POINTS) The default Currency... Can be changed after setting up the Company Profile in Sage 300 ERP Cannot be changed after setting up the Company Profile in Sage 300 ERP Must be changed after setting up the company Company Profile in Sage 300 ERP None of the above o QUESTION 7 (10 POINTS) 7 What do you have to activate before you can use the Accounts Receivable module A. General Ledger and Accounts Payable B. General Ledger and Tax services C. General Ledger, Bank Services and Tax services D. Bank Services and Tax Services only QUESTION 8 (10 POINTS) Select the matching answer for each question. B. Used to A. General Ledger show a B. Finder button drop down list of C. Post button options in a D. Batch Listing window E.Trial Balance D. Used to update the general ledger accounts E Shows all account and their balances A Shows posted transactions QUESTION 9 (10 POINTS) The Account Type for the Retained Earnings Account is Income Statement O True False QUESTION 10 (10 POINTS) When adding the Retained Earnings account, you would select the: Shareholders Equity Group and Balance Sheet Type Shareholders Equity Group and Retained Earnings Type Shareholders Equity Group and Income Statement Type