Reference no: EM132975012

1. What account is debited when a "Pay Later" sale is created?

2. If a customer is exempt from paying a particular sales tax, this should be recorded in the customer record. T or F

3. What is the name of the button used when a new customer gives you a down payment on a future invoice?

4. I am a quotation of how much you will charge for goods and / services.

5. When you post a receipt from customer, the accounts receivable accounts credited, and the bank accounts is debited. T or F

6. Can you change the default terms on an invoice at will?

7. The sales invoice in sage 50 Accounting does not make provision for giving a cash discount when the customer pays immediately. T or F

8. Before you can enter a sale on account for a customer you must first enter the customer information. T or F

9. Sales invoice are automatically sequentially numbered by sage 50 Accounting. T of F

10. Name the missing choice of transactions: invoice, sales quote.

11. Where do you set up the credit limit for customers?

12. I am an account that will be credited when an item is sold to a customer.

13. A sale paid by cheque is posted directly to the selected bank account. T or F

14. Where do you have to go to set a comment in the sales invoice?

15. I am a pop-up window that informs me that the customer is over its limit.