Computer Accounting with Sage 17e Carol Yacht (Test Bank All Chapters, 100% Original Verified, A+ Grade) Answers At The End Of Each Chapter
Chapter 01 1.
If you are not familiar with Microsoft Windows, using Sage 50 will help you become familiar with the Windows operating system. True False
2.
The Navigation Bar is on the left side of Sage 50's windows. True False
3.
You can close or exit by clicking on the True False
button on a window's title bar.
4.
Using the function key F7 saves the current record in the maintenance windows. True False
5.
Using the function key F1 displays the online help window. True False
6.
The window illustrations in the textbook are done with Windows 7 and Sage 50 Complete Accounting 2013. True False
7.
One advantage of Windows is that it standardizes terms and operations used in software programs. True False
8.
The only way to access commands in Windows is to use the drop-down menus. True False
9.
The icons used in Sage 50 are the same on every window. True False
10. The most common field you will type in is called the text field or box. True False 11. The name of the Sample Company or companies that are included in the Sage 50 Complete Accounting 2013 software are called: A. Pavilion Garden Supply B. Bellwether Garden Supply and Stone Arbor Landscaping C. Berkeley Custom Pools & Spas D. Stone Arbor Landscaping E. Fabrikam, Inc. and Northwind Traders 12. The purpose of using the sample company is to become familiar with: A. The software B. Accounting procedures C. The generally accepted accounting principles D. The navigation bars E. The navigation centers 13. Sage 50's backup feature works with what other Sage 50 feature: A. Import/Export B. Save As C. Formatting D. Restore E. Excel
14. The file extension for Sage 50 backup files is: A. .pdf B. .pbb C. .ptb D. .pbcx E. .xlsx 15. To display the size of your backup file, you can use the Windows program called: A. Windows Explorer B. Scan disk C. Defrag D. Windows Accessories E. Windows Defender 16. Menu choices that are followed by an ellipsis (…) are associated with: A. Text fields B. Dialog boxes C. The Sales/Invoicing window D. Shortcuts E. Defaults 17. The Edit menu allows you to do the following: A. Cut B. Copy C. Paste D. Clear or delete recorded entries E. Find Transactions 18. Commands that Sage 50 automatically selects are called: A. Objects B. Dialog boxes C. Defaults D. Shortcuts E. Text 19. The Options menu has selections that allow the user to: A. Check global settings B. Backup C. Print reports D. Enter journal entries E. Post to the general ledger 20. In the computer accounting cycle, the following report is not included: A. Adjusted trial balance B. Unadjusted trial balance C. Worksheet D. Financial statements E. Statement of cash flow
Chapter 01 Key 1. TRUE 2. TRUE 3. FALSE 4. FALSE 5. TRUE 6. TRUE 7. TRUE 8. FALSE 9. FALSE 10. TRUE 11. (p. 15) B 12. (p. 14) A 13. (p. 23) D 14. (p. 24) C 15. (p. 26) A 16. (p. 33) B 17. (p. 34) E 18. (p. 34) C 19. (p. 36) A 20. (p. 48) C
Chapter 01 Summary Category Difficulty: 1 Easy Difficulty: 2 Medium Yacht - Chapter 01
# of Questions 5 5 20
Chapter 02 Student: ___________________________________________________________________________
1.
When Bellwether Garden Supply orders inventory from vendors, Account No. 12000, Inventory is credited. True False
2.
Vendors offer Bellwether a purchase discount for invoices paid within a discount period. True False
3.
Accounts payable transactions refer to transactions with vendors or suppliers. True False
4.
In order to begin where you left off the last time you used Sage 50, you use the backup feature. True False
5.
The restore feature is used to save data to the current point in Sage 50. True False
6.
In order to show the GL Account column on journal windows, you should uncheck the settings in Options; Global that hide the general ledger accounts. True False
7.
In Sage 50, the Purchases/Receive Inventory window is also the purchase journal. True False
8.
Clicking on the Journal icon on the Purchase Orders window takes you to the general ledger. True False
9.
When you click on the Print icon on the Purchase Orders window, you print the purchase order and also post the purchase order journal. True False
10. In Sage 50, the Purchases/Receive Inventory window is also the purchase order journal. True False 11. In Bellwether Garden Supply, vendors are set up using: A. Last name first B. First name first C. A coding system D. Defaults E. Use eight characters only. 12. Alphabetic characters in Sage 50 are: A. Not case sensitive B. Case sensitive C. Always uppercase D. Always lowercase E. Combination of upper and lowercase. 13. The contact name for the vendor Armenta's Landscaping is: A. Jesse Wood B. Jerry Johnson C. Steven Cole D. Albert Armenta E. Lilio Chomette
14. The purchase account for Armenta's Landscaping is: A. 57200, Materials Cost B. 57000, Direct Labor C. 57000-LS, Direct Labor - Landscaping D. 57200-LS, Materials Cost - Landscaping E. 14700, Other Current Assets 15. The following accounts are debited and credited when you purchase inventory on account: A. Dr. Inventory account, credit Account Receivable/vendor B. Dr. Accounts Payable/Vendor; Cr. expense account C. Dr. Inventory account; Cr. Accounts Payable/Vendor D. Dr. Accounts Receivable/Customer; Cr. Sales account E. Dr. Accounts Payable/Vendor; Cr. Inventory account. 16. The Payments window is also known as the: A. Cash Receipts Journal B. Purchases Journal C. Sales Journal D. Cash Disbursements Journal E. General Journal 17. To print a vendor check, you use the following menu bar selections: A. Reports & Forms; Accounts Receivable, Invoices, Preprint 1 Stub, Print B. Reports & Forms; Forms, Checks, OCR AP Laser Preprinted, Print C. Tasks; Payments, Check Register, Checks, Print D. Reports & Forms; Financial Statements, Current Period, Print E. Maintain; Vendors, Purchase Info tab. 18. On the Navigation Bar, make the following selections to display the Vendor Ledgers Report: A. Vendors & Purchases Navigation Center, link to View Detailed List and select Vendor Ledgers, Display B. Vendors & Purchases Navigation Center, link to View all Vendor & Purchases Reports and select Vendor Ledgers, Display C. Maintain; Customers/Sales Reps D. Customers & Sales Navigation Center, in the Vendors area, link to View Detailed List. 19. The Vendor Ledgers Report is another name for the: A. Accounts Receivable subsidiary ledger B. Inventory subsidiary ledger C. Accounts Payable open items report D. Accounts Payable subsidiary ledger E. Controlling account 20. The suggested file name for the first back up in Chapter 2 is: A. Exercise 2-1 B. Exercise 2-2 C. Chapters 1 & 2 D. Chapter 2 E. Page number and chapter number