Title | Sage One Accounting Trial Assessment |
---|---|
Author | Sindi Nyathikazi |
Course | Financial Accounting |
Institution | University of Cape Town |
Pages | 10 |
File Size | 1 MB |
File Type | |
Total Downloads | 21 |
Total Views | 154 |
Sage one accounting assessment...
[ Sage One – Trial Assessment Question Paper ] SEC ECT TI ON 1 – TRUE OR FAL ALS SE 1.
The four main reasons to sign up for Sage One Accounting is:
True
2.
False
False
You will create a new company in Sage One Acccounting in the Company…Manage Companies option. True
7.
False
Sage One Accounting hosts 3 different dashboards. True
6.
False
You need to have a valid email address to register for Sage One Accounting. True
5.
False
In the Accountants Area, you will find reports and functions that are usually part of the user’s function. True
4.
No installation hassles No upgrades No data security hassles Accessibility
All registered users that log into Sage One Accounting, have access to the Accountants Area. True
3.
[ 30 POI OINT NT NTS S]
False
You will use the Invoice Based tax system for any standard form of sales tax, goods and services tax. True
False
8.
You will use the Round Down rounding option in Sage One Accounting, to round all your values up to the nearest cent. True
9.
In Sage One Accounting, there are three types of users, namely Owners, Regular Users and Accountants. True
10.
False
You will use the Next and Previous links, to navigate between master files.
True 14.
False
You can import or export customer, supplier, item and asset information, including transactional data. True
13.
False
You are able to limit user access for different companies and functions in the system. True
12.
False
There are four types of User Defined Fields that can be created in Sage One Accounting. True
11.
False
False
You cannot create a service item in Sage One Accounting. True
False
15.
When you edit master files, you will notice greyed out fields, you cannot edit these fields. True
False
SEC ECT TI ON 2 – MU MULT LT LTII PL PLE E C HOI HOICE CE
[ 6 POI OINT NT NTS S]
Which option will you select, if a customer agrees to receive invoices by email?
1.
A B C D
Active Accepts Electronic Invoices Auto Allocate Receipts to Oldest Invoice Discount Applies
2.
Under which main menu option do the following sub options belong?
A B C D 3.
Accountants Area Items Reports Accounts Under which tab can you select a rounding system for your customer invoices?
A B C D
Regional Settings VAT Systems Outstanding Balances Rounding
SEC ECT TI ON 3 – MA MAT TCHI CHING NG C OL OLUM UM UMNS NS
[ 14 POI OINT NT NTS S]
Match the information listed in Column B with the items listed in Column A. Write down only the letter of your choice next to the corresponding number.
COLUMN A
COLUMN B
1
VAT Report
A
2
Trial Balance
B
3
Cost of Sales/Purchases
C
4
Current Assets
D
5
Expenses
E
6
Profit and Loss Report
F
7
Audit Trail Report
G
1.
__________
2.
__________
3.
__________
4.
__________
5.
__________
6.
__________
7.
__________
This report lists all your accounts, including System Accounts, for a selected period. Assets expected to be sold or used within a year, such as cash. This report lists VAT transactions for reporting purposes. This report is a formal record or log detailing all the financial transactions of the company. This report details your company's income and expenses. This is the cost of all physical Item sales, based on the weighted average cost of the Item at the time of sale, plus the cost of all service item purchases. Cost incurred, such as advertising, rent, stationery and so on.
Total Ma Marrk s: 50
[ Sage One Accounting – Trial Assessment Answers ] SEC ECT TI ON 1 – TRUE OR FAL ALS SE 1.
The four main reasons to sign up for Sage One Accounting is:
True
2.
False
False
You will create a new company in Sage One Accounting in the Company… Company…Manage Manage Companies option. True
7.
False
Sage One Accounting hosts 3 different dashboards. True
6.
False
You need to have a valid email address to register for Sage One Accounting. True
5.
False
In the Accountants Area, you will find reports and functions that are usually part of the user’s function. True
4.
No installation hassles No upgrades No data security hassles Accessibility
All registered users can log into Sage One Accounting, have access to the Accountants Area. True
3.
[ 30 POI OINT NT NTS S]
False
You will use the Invoice Based tax system for any standard form of sales tax, goods and services tax. True
False
8.
You will use the Round Down rounding option in Sage One Accounting, to round all your values up to the nearest cent. True
9.
In Sage One Accounting, there are three types of users, namely Owners, Regular Users and Accountants. True
10.
False
You will use the Next and Previous links, to skip between master files.
True 14.
False
You can import or export customer, supplier, item and asset information, including transactional data. True
13.
False
You are able to limit user access to different companies and functions in the system. True
12.
False
There are four types of User Defined Fields that you can create in Sage One Accounting. True
11.
False
False
You cannot create a service item in Sage One Accounting. True
False
15.
When you edit master files, you will notice greyed out fields, you cannot edit these fields. True
False
SEC ECT TI ON 2 – MU MULT LT LTII PL PLE E C HOI HOICE CE
[ 6 POI OINT NT NTS S]
Which option will you select, if a customer agrees to receive invoices by email?
1.
A B C D
Active Accepts Electronic Invoices Auto Allocate Receipts to Oldest Invoice Discount Applies
2.
Under which main menu option do the following sub options belong?
A B C D 3.
Accountants Area Items Reports Accounts Under which tab can you select a rounding system for your customer invoices?
A B C D
Regional Settings VAT Systems Outstanding Balances Rounding
SEC ECT TI ON 3 – MA MAT TCHI CHING NG C OL OLUM UM UMNS NS
[ 14 POI OINT NT NTS S]
Match the information listed in Column B with the items listed in Column A. Write down only the letter of your choice next to the corresponding number.
COLUMN A
COLUMN B
1
VAT Report
A
2
Trial Balance
B
3
Cost of Sales/Purchases
C
4
Current Assets
D
5
Expenses
E
6
Profit and Loss Report
F
7
Audit Trail Report
G
1.
C
2.
A
3.
F
4.
B
5.
G
6.
E
7.
D
This report lists all your accounts, including System Accounts, for a selected period. Assets expected to be sold or used within a year, such as cash. This report lists VAT transactions for reporting purposes. This report is a formal record or log detailing all the financial transactions of the company. This report details your company's income and expenses. This is the cost of all physical Item sales, based on the weighted average cost of the Item at the time of sale, plus the cost of all service item purchases. Cost incurred, such as advertising, rent, stationery and so on.
Total Ma Marrk s: 50...