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.* True False The Profit and Loss report show your company’s income and expenses.* True False 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.* True False With the Account Reporting Groups feature an account from one category can be grouped with an account from another category.* False True 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* 3 Dashboards and 1 Workspace 1 Dashboards and 1 Workspace 4 Dashboards and 2 Workspaces 5 Dashboards and 1 Workspace 6 Dashboards and 2 Workspace Which of the following formats can you NOT export your Trial Balance to* CSV (Comma separated value) DOC (Word File) XLS (Excel File) PDF (Adobe PDF) 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.* False True 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.* False True 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.* False True Sage Accounting allows you to create multiple bank accounts and multiple budgets* False True 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.* False True What feature do you use to block any processing before a specific period or date?* Year-end Date Lockdown Date Year-end Lock Period Lock Financial Lock Period Date There are four different types of user defined fields that can be created in Sage Accounting. Which one is not one of them* Date values Numeric values Text values Asset values Yes / No values Which of the following widgets do not display on the customer dashboard ?* Top Customers by Sales Customer Balances – Outstanding Balances Customer Reports Customer To do List Where do you set your company address information to display on documents you process such as invoices, quotes, etc* Process Settings Document Settings Company Settings Invoice Settings Which document is an offer to sell one or more items to a customer at the price you specify?* Tax Invoice Sales Order Quote If the quantity of an item on hand is incorrect and you need to change the quantity which function would you use* Item Services Item Transactions Item Change Item Quantity Movements Item Adjustments Item Quantity Change Which VAT system is the standard one applicable to most businesses.* Invoice Based VAT Payments Based VAT Standard Based VAT Exemption Based VAT How many different types of User Defined Fields does Sage Accounting have?* over 60 8 16 4 12 Which of the following best explains what a “Text” user defined field is* You can enter numbers. This is a check box, which you can check or uncheck. You can enter an alphanumeric description, of up to 30 characters. You can enter dates. Under which main menu will you be able to process a Purchase Order?* Suppliers menu Items menu Home menu Accounts menu Customers menu If you are processing a Supplier Invoice and would like to add it to your Favourites how do you do this ?* The + to add the Tax Invoice to favourites. Add Invoice to favourites. None of the options listed here Add Current page. If you are selling items what type of VAT will be processed?* Output VAT Input VAT What refers to the number of days that a customer or a supplier balance is outstanding.* Owning Receipting Ageing Invoicing When looking at ageing of outstanding balances in Sage Accounting this can be determined on the:* Invoice Date or Due Date (there is a setting) Due Date Only Invoice Date Only 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?* None of these (they can all be imported) Customer Details Customer Invoices Customer Categories Under which main menu will you be able to create your Budgets?* Accountant’s Area Accounts menu Administration menu Company menu Which feature allows you to group your suppliers for reporting purposes.* Supplier categories Supplier list Supplier groups 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?* Items Menu Customer menu Administration menu Accounts Menu Company menu Which one of the following is not found on the Sage Accounting banner bar?* Dashboards Select company My Profile Contact Support Company Settings Which of the following is not a customer processing document?* Sales Order Purchase Order Quote Invoice How many supplier masterfiles types are available in Sage Accounting?* 4 2 3 5 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 ?* Favourites Dashboard Quick View From which screen can you also access and update the user access rights?* My Profile Change Password Company Settings When you log into your company the Default Dashboard will display. Where do you select the default dashboard to display for your company.* Preferences Referrals My Details Which of the following is NOT an item type available in Sage Accounting* Physical Item None of these (they are all valid item types) Service Item Manufacturing Item Which of the following is not a supplier processing document ?* Supplier Invoice Sales Order Purchase Order Which of the following is not a widget type in Sage Accounting ?* Banking Widgets Customer Widgets Other Widgets Transaction Widgets When you login to Sage Accounting what displays ?* Asset Report Accountant’s Area Company Details One of the Dashboards When you purchase furniture from your supplier for resale, which VAT type will you select.* Capital Goods 15% Standard Rated 15% Which of the follow user defined fields is a check box and allows you to check this box.* Numeric Date Radio Yes/No Text 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