Chapter 10 & 11 Sage questions with
verified solutions
In Sage 50, what is the feature called to reconcile the bank statement? - correct answer ✔✔Adjustment
In Chapter 10, when you record checks and ATM transaction register, they are entered using: - correct
answer ✔✔Write checks
When recording transactions from the transaction register, deposits are entered as: - correct answer
✔✔Receive Money.
In Chapter 10, the transaction register and bank statement are your client's: - correct answer ✔✔Source
Documents.
The transaction register shows checking account activity. - correct answer ✔✔True
In order to start Chapter 10 where you left off in Chapter 9, restore the Chapter 9 Chart of Accounts. ptb
file. - correct answer ✔✔False
The Write Checks window is also the Receipts Journal. - correct answer ✔✔False
In Chapter 10, to make sure you are starting in the correct place in the data, display the September 30,
2019 balance sheet. - correct answer ✔✔True
Mr. Crosby's balance sheet has the necessary information to record transactions for October. - correct
answer ✔✔False
After completing the account reconciliation, the correct cash balance on November 30 is reflected on: -
correct answer ✔✔All of the above.
(Transaction register.
verified solutions
In Sage 50, what is the feature called to reconcile the bank statement? - correct answer ✔✔Adjustment
In Chapter 10, when you record checks and ATM transaction register, they are entered using: - correct
answer ✔✔Write checks
When recording transactions from the transaction register, deposits are entered as: - correct answer
✔✔Receive Money.
In Chapter 10, the transaction register and bank statement are your client's: - correct answer ✔✔Source
Documents.
The transaction register shows checking account activity. - correct answer ✔✔True
In order to start Chapter 10 where you left off in Chapter 9, restore the Chapter 9 Chart of Accounts. ptb
file. - correct answer ✔✔False
The Write Checks window is also the Receipts Journal. - correct answer ✔✔False
In Chapter 10, to make sure you are starting in the correct place in the data, display the September 30,
2019 balance sheet. - correct answer ✔✔True
Mr. Crosby's balance sheet has the necessary information to record transactions for October. - correct
answer ✔✔False
After completing the account reconciliation, the correct cash balance on November 30 is reflected on: -
correct answer ✔✔All of the above.
(Transaction register.
