Page 2 Sage One SECOND Mock Assessment "*" indicates required fields If you purchase items from suppliers and sell items to customers, you do not have to receive and make payments.* False True The Profit and Loss report show your company’s income and expenses.* False True With Sage Business Cloud Accounting once you generate a tax invoice you cannot change any details on it (e.g editing the customer VAT number or the delivery address.)* False True You cannot limit a users access to different companies and functions in the system i.e. all users have access to all function.* False True Item Categories exist in Sage Accounting. They are used to sort and group your items.* False True With the Account Reporting Groups feature an account from one category can be grouped with an account from another category.* True False You cannot change document names (such as a Quote or Invoice) to suit your business requirements.* True False You cannot use Sage Business Cloud without a valid email address* False True When you sell an item you will process a supplier invoice as proof of the sale.* False True Once you link a Supplier Category to a particular supplier (in the Supplier Masterfile) you cannot delete that Supplier Category* True False In Sage One Accounting you can set the number of decimal places you want to use for a quantity field e.g. you could use 3 decimal places* True False When creating an an item, you can enter an opening quantity and the date at which that opening quantity applies.* False True When selecting the Home menu option, how many different dashboards workspaces does a normal user have access to* 4 Dashboards and 2 Workspaces 1 Dashboards and 1 Workspace 6 Dashboards and 2 Workspace 5 Dashboards and 1 Workspace 3 Dashboards and 1 Workspace Which of the following formats can you NOT export your Trial Balance to* PDF (Adobe PDF) XLS (Excel File) CSV (Comma separated value) DOC (Word File) Information that you enter, which does not change often, is called STATIC INFORMATION. When you enter details for a CUSTOMER, a SUPPLIER or an ITEM this information is called a masterfile.* True False When you can export your customer and supplier Masterfile information to a CSV file you can select the file date format for that csv file.* False True The Audit Trail report shows when values were changed and by which user.* True False The Manage Users screen displays users that have access to your company.* True False Sage Accounting allows you to add up to 4 (FOUR) analysis codes to analyse your income and expenditure in more detail* True False Sage Accounting displays all customers and suppliers when processing, including both active and inactive ones. You cannot remove the inactive ones from displaying when processing.* True False Sage Accounting has the option to bundle 2 separate items together and sell it as 1 item.* True False In the Company Settings, under the Report Layouts tab, you can change your document names to suit your business requirements.* True False Sage Accounting allows you to create multiple bank accounts and multiple budgets* True False When you need to send a document to multiple email addresses/recipients you will separate the email addresses with a comma (,)* False True You can add and remove buttons from your company Workspace.* True False What feature do you use to block any processing before a specific period or date?* Year-end Lock Lockdown Date Period Date Period Lock Financial Lock Year-end Date There are four different types of user defined fields that can be created in Sage Accounting. Which one is not one of them* Yes / No values Asset values Text values Date values Numeric values Which of the following widgets do not display on the customer dashboard ?* Customer Balances – Outstanding Balances Customer To do List Customer Reports Top Customers by Sales Where do you set your company address information to display on documents you process such as invoices, quotes, etc* Invoice Settings Company Settings Document Settings Process Settings Which document is an offer to sell one or more items to a customer at the price you specify?* Sales Order Quote Tax Invoice If the quantity of an item on hand is incorrect and you need to change the quantity which function would you use* Item Transactions Item Services Item Change Item Adjustments Item Quantity Movements Item Quantity Change Which VAT system is the standard one applicable to most businesses.* Payments Based VAT Invoice Based VAT Exemption Based VAT Standard Based VAT How many different types of User Defined Fields does Sage Accounting have?* 12 4 over 60 16 8 Which of the following best explains what a “Text” user defined field is* You can enter an alphanumeric description, of up to 30 characters. You can enter numbers. You can enter dates. This is a check box, which you can check or uncheck. Under which main menu will you be able to process a Purchase Order?* Customers menu Accounts menu Items menu Suppliers menu Home menu If you are processing a Supplier Invoice and would like to add it to your Favourites how do you do this ?* None of the options listed here The + to add the Tax Invoice to favourites. Add Current page. Add Invoice to favourites. If you are selling items what type of VAT will be processed?* Input VAT Output VAT What refers to the number of days that a customer or a supplier balance is outstanding.* Invoicing Receipting Owning Ageing When looking at ageing of outstanding balances in Sage Accounting this can be determined on the:* Due Date Only Invoice Date Only Invoice Date or Due Date (there is a setting) You can run your ageing in Sage Accounting by:* Outstanding Date Invoice Date To import all your inventory items which menu item would you select from under the Company main menu?* Import Data Import/Export Data Import Item Data What cannot be imported into Sage Accounting?* Customer Invoices Customer Details Customer Categories None of these (they can all be imported) Under which main menu will you be able to create your Budgets?* Accounts menu Accountant’s Area Company menu Administration menu Which feature allows you to group your suppliers for reporting purposes.* Supplier categories Supplier groups Supplier list What item type will you select if you create a courier item.* Service Item Physical Item Under which main menu item will you import customer masterfiles?* Customer menu Items Menu Company menu Accounts Menu Administration menu Which one of the following is not found on the Sage Accounting banner bar?* Dashboards Contact Support My Profile Company Settings Select company Which of the following is not a customer processing document?* Invoice Purchase Order Sales Order Quote How many supplier masterfiles types are available in Sage Accounting?* 4 5 3 2 Which widget will display the following information?* Daily Sales History To do list Banking Sales History What comes in handy to check inventory quantities when processing ?* Dashboard Quick View Favourites From which screen can you also access and update the user access rights?* Change Password Company Settings My Profile When you log into your company the Default Dashboard will display. Where do you select the default dashboard to display for your company.* Referrals My Details Preferences Which of the following is NOT an item type available in Sage Accounting* Manufacturing Item None of these (they are all valid item types) Service Item Physical Item Which of the following is not a supplier processing document ?* Sales Order Purchase Order Supplier Invoice Which of the following is not a widget type in Sage Accounting ?* Transaction Widgets Banking Widgets Customer Widgets Other Widgets When you login to Sage Accounting what displays ?* Company Details Asset Report Accountant’s Area One of the Dashboards When you purchase furniture from your supplier for resale, which VAT type will you select.* Standard Rated 15% Capital Goods 15% Which of the follow user defined fields is a check box and allows you to check this box.* Numeric Radio Text Date Yes/No Checkbox Look at the following quote and advise how much will the total quote be if the customer receives a 7.5% discount.* 128,567.61 111,797.92 138,992.00 How much VAT (15%) will be charged on this quote?* 11,526.25 10,022.83 1,810.46 Calculate and select the total amount, inclusive of VAT, if the customer returns 20 units.* R 4000.00 R 4600.00 R 5400.00 You purchased a computer over a year ago and its value depreciates every year by 10%. What is the Current Value of the computer after a year.* R 19250.10 R 17325.09 R 17111.20 Look at the following quote and advise how much will the total quote be. Consider the different discount percentages* R 98,303.91 R 85,481.66 R 86,075.40 R 98,986.71 What will the closing balance be for this account?* R 51,372.25 R 49,957.65 R 51,329.90