FINAL EXAM COMPUTERIZED ACCOUNTING 2 QUESTIONS ANSWERED CORRECTLY LATEST UPDATE
2026
Using the function key F7 saves the current record in the maintenance windows. - Answers False
The Navigation Bar is on the left side of Sage 50's windows - Answers True
The function key <F1> displays online help topics for the current windows. - Answers True
The icons used in Sage 50 are the same on every window. - Answers False
Sage 50's backup feature works with what other Sage 50 feature? - Answers Restore
Tabs are a common feature on Sage 50 windows - Answers True
The Edit menu allows you to do the following? - Answers Find Transactions
The options menu has selections that allow the user to? - Answers Check global settings
The only way to access commands in Windows is to use the drop-down menus - Answers False
One advantage of Windows is that it standardizes terms and operations used in software programs. -
Answers True
You can close or exit by clicking on the 2 windows button on a window's title bar - Answers False
The file extension for Sage 50 backup files is? - Answers .ptb
In the computer accounting cycle, the following report is not included - Answers Worksheet
Using the function key F1 displays the online help window - Answers True
To display the size of your backup file, you can use the Windows program called - Answers File
Explorer
The purpose of using the sample company is to become familiar with? - Answers The software
If you are not familiar with Microsoft Windows, using Sage 50 will help you become familiar with the
Windows operating system - Answers True
Menu choices that are followed by an ellipsis (...) are associated with? - Answers Dialog boxes
The name of the sample company or companies that are included in the Sage 50 2017 software are
called? - Answers Bellwether Garden Supply and Stone Arbor Landscaping
Commands that Sage 50 automatically selects are called? - Answers Defaults
When you click on the Print icon on the Purchase Orders window, you print the purchase order and
also post the purchase order journal - Answers True
The following accounts are debited and credited when you purchase inventory on account - Answers
Dr. Inventory account; Cr. Accounts payable/vendor
In Sage 50, the Purchases/Receive Inventory window is also the purchase order journal - Answers
False
Clicking on the journal icon on the Purchase Orders window takes you to the general ledger - Answers
False
The suggested file name for the first backup in Chapter 2 is? - Answers Chapter 2
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. - Answers True
The contact name for the vendor Adler's Landscaping is? - Answers Philip Adler
In Bellwether Garden Supply, vendors are set up using? - Answers A coding system
The restore feature is used to save data to the current point in Sage 50 - Answers False
To print a vendor check, you use the following menu bar selections? - Answers Reports &
Forms>Forms>Checks>OCR AP Laser Preprinted>Print
The purchase account for Adler's Landscaping is? - Answers 57200, Materials Cost
In Sage 50, the Purchases/Receive Inventory window is also the purchase journal - Answers True
In Bellwether Garden Supply, Vendor IDs are? - Answers Uppercase letters
The Vendor Ledgers Report is another name for the - Answers Accounts payable Subsidiary ledger
Accounts payable transactions refer to transactions with vendors or suppliers - Answers True
When Bellwether Garden Supply orders inventory from vendors, Account No. 12000, Inventory is
credited. - Answers False
On the Navigation Bar, make the following selections to display the Vendor Ledgers Report - Answers
Vendors & Purchases Navigation center> Link to view all Vendors & Purchases Reports> Vendor
Ledgers> Display
The Payments window is also known as the? - Answers Cash Disbursements Journal
Vendors offer Bellwether a purchase discount for invoices paid within a discount period - Answers
True
, In order to begin where you left off the last time you used Sage 50, you use the backup feature. -
Answers False
Ch-4 Bellwether's employee Drake V. Carter is a salaried employee paid biweekly - Answers False
The employee wages expense account is debited for the gross amount of the paycheck and any
deductions used are credited. - Answers True
Bellwether Garden Supply, credits Account No. 10300, Payroll Checking Account, for the net paycheck
amount - Answers True
On the Payroll Entry window, you define payroll fields and tax information for individual employees -
Answers False
Processing payroll is automatic once _____ are set up correctly - Answers Defaults
To set up specific guidelines for individual employees, make these selections - Answers Employees &
Payroll Navigation Center> click Employees> View and Edit Employees
To make sure you are starting in the appropriate place in the data for Chapter 4, restore the Exercise
3-2.ptb file - Answers True
On the Employee Defaults window, the Company Fields tab is for - Answers Liability and expense
accounts related to employer deductions
To look at an employee's record, display this window - Answers Maintain Employees & Sales Reps
Bellwether's employee Brandee M. Nunnley is an hourly employee and is paid biweekly - Answers
False
Sage 50 2017 includes example payroll tax tables for the sample company, Bellwether Garden supply -
Answers True
The employee deductions display as negative amounts on the Payroll Entry window because -
Answers They are deducted from the employee's gross pay
When working with Bellwether Garden Supply in Chapter 4, the first step in setting up payroll is to go
to the Employees & Payroll Navigation center> Select employees> Set up Employee defaults - Answers
True
On the Navigation Bar, make the following selections to enter paychecks for an employee - Answers
Employees & Payroll Navigation center> Pay employees> Enter payroll for One employee
The accounts affected by paychecks are expense accounts specifically set up to handle payroll -
Answers False
In Sage 50, voluntary payroll deductions are called allowances and can include gas, union dues, and
savings bonds - Answers True
On the Employee defaults window, the Employee fields tab is for - Answers Liability accounts that are
related to employee deductions
To backup your work in Chapter 4, before completing the end-of-chapter exercises, the following file
name is suggested - Answers Chapter 4
Before you begin Chapter 4, you could restore which of the following backups - Answers Exercise 3-
2.ptb
On the Navigation Bar, make the following selections to set up Payroll default information - Answers
Employees & Payroll Navigation Center> Employees> Set up Employee Defaults
Ch. 5- The item ID for Oriole Feeder is - Answers AVRY-10300
If an inventory item is damaged, make the following selections from the Navigation Bar to record the
damage - Answers Inventory & Services Navigation Center> Click on the inventory adjustments icon
Bellwether Garden Supply tracks oriole feeders as an inventory stock item - Answers True
If your GL Account columns and A/P Account field are not displayed on the Purchases/Receive
Inventory window, you need to? - Answers Click on Options; Global and uncheck the three boxes in
the Hide General Ledger Accounts Section
A list of all the accounts used by a company showing an identifying number for each account is called?
- Answers A chart of accounts
To start Chapter 5, you need to have data from Exercise 4-2 in Chapter 4 - Answers True
The money market fund account is classified as a cash account - Answers True
In Sage 50 2017, you track inventory both from the purchasing and sales perspectives - Answers True
When you set up an inventory item in Sage 50, you also establish the general journal accounts that
need updating - Answers False
When you purchase inventory stock items, the journal entry is - Answers Dr. the inventory account;
Cr. The Accounts Payable/Vendor account
2026
Using the function key F7 saves the current record in the maintenance windows. - Answers False
The Navigation Bar is on the left side of Sage 50's windows - Answers True
The function key <F1> displays online help topics for the current windows. - Answers True
The icons used in Sage 50 are the same on every window. - Answers False
Sage 50's backup feature works with what other Sage 50 feature? - Answers Restore
Tabs are a common feature on Sage 50 windows - Answers True
The Edit menu allows you to do the following? - Answers Find Transactions
The options menu has selections that allow the user to? - Answers Check global settings
The only way to access commands in Windows is to use the drop-down menus - Answers False
One advantage of Windows is that it standardizes terms and operations used in software programs. -
Answers True
You can close or exit by clicking on the 2 windows button on a window's title bar - Answers False
The file extension for Sage 50 backup files is? - Answers .ptb
In the computer accounting cycle, the following report is not included - Answers Worksheet
Using the function key F1 displays the online help window - Answers True
To display the size of your backup file, you can use the Windows program called - Answers File
Explorer
The purpose of using the sample company is to become familiar with? - Answers The software
If you are not familiar with Microsoft Windows, using Sage 50 will help you become familiar with the
Windows operating system - Answers True
Menu choices that are followed by an ellipsis (...) are associated with? - Answers Dialog boxes
The name of the sample company or companies that are included in the Sage 50 2017 software are
called? - Answers Bellwether Garden Supply and Stone Arbor Landscaping
Commands that Sage 50 automatically selects are called? - Answers Defaults
When you click on the Print icon on the Purchase Orders window, you print the purchase order and
also post the purchase order journal - Answers True
The following accounts are debited and credited when you purchase inventory on account - Answers
Dr. Inventory account; Cr. Accounts payable/vendor
In Sage 50, the Purchases/Receive Inventory window is also the purchase order journal - Answers
False
Clicking on the journal icon on the Purchase Orders window takes you to the general ledger - Answers
False
The suggested file name for the first backup in Chapter 2 is? - Answers Chapter 2
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. - Answers True
The contact name for the vendor Adler's Landscaping is? - Answers Philip Adler
In Bellwether Garden Supply, vendors are set up using? - Answers A coding system
The restore feature is used to save data to the current point in Sage 50 - Answers False
To print a vendor check, you use the following menu bar selections? - Answers Reports &
Forms>Forms>Checks>OCR AP Laser Preprinted>Print
The purchase account for Adler's Landscaping is? - Answers 57200, Materials Cost
In Sage 50, the Purchases/Receive Inventory window is also the purchase journal - Answers True
In Bellwether Garden Supply, Vendor IDs are? - Answers Uppercase letters
The Vendor Ledgers Report is another name for the - Answers Accounts payable Subsidiary ledger
Accounts payable transactions refer to transactions with vendors or suppliers - Answers True
When Bellwether Garden Supply orders inventory from vendors, Account No. 12000, Inventory is
credited. - Answers False
On the Navigation Bar, make the following selections to display the Vendor Ledgers Report - Answers
Vendors & Purchases Navigation center> Link to view all Vendors & Purchases Reports> Vendor
Ledgers> Display
The Payments window is also known as the? - Answers Cash Disbursements Journal
Vendors offer Bellwether a purchase discount for invoices paid within a discount period - Answers
True
, In order to begin where you left off the last time you used Sage 50, you use the backup feature. -
Answers False
Ch-4 Bellwether's employee Drake V. Carter is a salaried employee paid biweekly - Answers False
The employee wages expense account is debited for the gross amount of the paycheck and any
deductions used are credited. - Answers True
Bellwether Garden Supply, credits Account No. 10300, Payroll Checking Account, for the net paycheck
amount - Answers True
On the Payroll Entry window, you define payroll fields and tax information for individual employees -
Answers False
Processing payroll is automatic once _____ are set up correctly - Answers Defaults
To set up specific guidelines for individual employees, make these selections - Answers Employees &
Payroll Navigation Center> click Employees> View and Edit Employees
To make sure you are starting in the appropriate place in the data for Chapter 4, restore the Exercise
3-2.ptb file - Answers True
On the Employee Defaults window, the Company Fields tab is for - Answers Liability and expense
accounts related to employer deductions
To look at an employee's record, display this window - Answers Maintain Employees & Sales Reps
Bellwether's employee Brandee M. Nunnley is an hourly employee and is paid biweekly - Answers
False
Sage 50 2017 includes example payroll tax tables for the sample company, Bellwether Garden supply -
Answers True
The employee deductions display as negative amounts on the Payroll Entry window because -
Answers They are deducted from the employee's gross pay
When working with Bellwether Garden Supply in Chapter 4, the first step in setting up payroll is to go
to the Employees & Payroll Navigation center> Select employees> Set up Employee defaults - Answers
True
On the Navigation Bar, make the following selections to enter paychecks for an employee - Answers
Employees & Payroll Navigation center> Pay employees> Enter payroll for One employee
The accounts affected by paychecks are expense accounts specifically set up to handle payroll -
Answers False
In Sage 50, voluntary payroll deductions are called allowances and can include gas, union dues, and
savings bonds - Answers True
On the Employee defaults window, the Employee fields tab is for - Answers Liability accounts that are
related to employee deductions
To backup your work in Chapter 4, before completing the end-of-chapter exercises, the following file
name is suggested - Answers Chapter 4
Before you begin Chapter 4, you could restore which of the following backups - Answers Exercise 3-
2.ptb
On the Navigation Bar, make the following selections to set up Payroll default information - Answers
Employees & Payroll Navigation Center> Employees> Set up Employee Defaults
Ch. 5- The item ID for Oriole Feeder is - Answers AVRY-10300
If an inventory item is damaged, make the following selections from the Navigation Bar to record the
damage - Answers Inventory & Services Navigation Center> Click on the inventory adjustments icon
Bellwether Garden Supply tracks oriole feeders as an inventory stock item - Answers True
If your GL Account columns and A/P Account field are not displayed on the Purchases/Receive
Inventory window, you need to? - Answers Click on Options; Global and uncheck the three boxes in
the Hide General Ledger Accounts Section
A list of all the accounts used by a company showing an identifying number for each account is called?
- Answers A chart of accounts
To start Chapter 5, you need to have data from Exercise 4-2 in Chapter 4 - Answers True
The money market fund account is classified as a cash account - Answers True
In Sage 50 2017, you track inventory both from the purchasing and sales perspectives - Answers True
When you set up an inventory item in Sage 50, you also establish the general journal accounts that
need updating - Answers False
When you purchase inventory stock items, the journal entry is - Answers Dr. the inventory account;
Cr. The Accounts Payable/Vendor account
