When accounts are not in logical order

Select one:

a. you can finish the history but you cannot complete journal entries

b. your subtotal accounts may be following the subgroup accounts instead of the group accounts

c. the total of debit and credit amounts in the Trial Balance may be unequal

d. you will be unable to display some reports

When you post a supplier invoice the following accounts are updated

Select one:

a. only the purchases and accounts payable general ledgers

b. only the purchases, accounts payable ledgers and HST paid

c. all properly linked accounts

d. only the purchases and accounts payable subsidiary ledgers

To record a partial payment in the payments journal, you must change

Select one:

a. the payment amount

b. the date of payment

c. the invoice number

d. the cheque number

For which of the following purchase invoice errors would you reverse the entire entry

Select one:

a. entering an incorrect account for the invoice

b. entering the wrong date for the invoice

c. entering incorrect payment terms for the invoice

d. entering the wrong supplier for an invoice

Why might the discount field be blank when entering a payment

Select one:

a. a discount is not set up

b. the discount has expired

c. a discount is not required

d. all of the above

Transactions entered in the sales journal will allow all but one of the following

Select one:

a. only one type of transaction

b. more than one type of transaction

c. omitting the HST from the invoice

d. recording of all necessary details surrounding the invoice

A sales journal entry will not balance if we

Select one:

a. omit the payment terms

b. omit the HST charged on sales

c. include a second sale item in the invoice

d. this entry will balance whether we omit or include any of the above items

Choosing to show corrections in the journal report options window will

Select one:

a. show only the final correct entry

b. show the reversing and correcting entries

c. show the original and reversing entries

d. show the original, reversing and correcting entries