Back to Explore

Sage Computerised Accounting - Qp6

Question 1 of 3

Q1 . Money is the life blood of any organisation and so particular attention should be paid to the 'Bank'.

Q2 . Using the Bank area, you can record payments that your organisation has made and received, whether they are cash receipts and payments or payments from Debtors or to Creditors.

Q3 . Advantages of using computerised accounting is the automatic production of report at will and amending records is straight forward.

Q4 . Transferring money from one account to another is not common practice.

Q5 . The Journals are used when making an entry to the accounts which are more unusual than the normal sales/purchases, payments/receipts transactions.

Q6 . Payments from Debtors will not go into the 'Cash in Hand' account; they will go into the 'Bank Current Account'.

Q7 . Both types of receipt are the same types of transactions and must be indicated as such.

Q8 . To record a payment that you have made, for example a utility bill, click on the 'Payment' icon along the top of the screen in the 'Creditor' area.

Q9 . A bad debt is created when a creditor has not paid their bill.

Q10 . Checking the accounts in 'Cash' regularly would help to reduce fraud.