1. Typing a letter or number of an inventory code in the Item Number field of the sales journal

Select one:

a.

allows you to see a reduced inventory drop-down list

b.

opens the Add Inventory Item Wizard

c.

opens a Sage 50 Accounting error message that the code is not valid

d.

none of the above

2. The discount amount for the sale of inventory items to a preferred customer appears in the journal entry as

Select one:

a.

a credit to the linked sales discount revenue account

b.

a debit to the linked sales discount revenue account

c.

a decreased amount for the linked sales revenue account

d.

an increased amount for the linked sales revenue account

3. The Inventory module window has journal icons for

Select one:

a.

inventory sales and inventory purchases

b.

item assembly and inventory adjustments

c.

inventory sales and inventory adjustments

d.

all of the above

4. Which one of the following statements about the item assembly journal is not true

Select one:

a.

it is used for setting aside or marking inventory as reserved

b.

it is used to transfer inventory for general store use

c.

it is used for creating packages of inventory items

d.

entries should be stored to make corrections easier

5. When you complete an item assembly journal entry to assemble new inventory

Select one:

a.

you must transfer inventory items one at a time

b.

additional setup costs are divided equally among the assembled items

c.

the quantity of assembled items will decrease

d.

the quantity of assembly components will increase