Forms

Assistant is
an
assistant
that
contains
preloaded Correct
document
templates
to change
the colour
of your
current
documents.

True

False

With Forms Assistant, when inserting a logo the aspect ration of the logo is
249947 Correct
locked to prevent the logo from distorting.

True

False

In Forms Assistant you can change the layout of Documents and Statements
249946 Correct
simultaneously.

True

False

In Forms Assistant you can insert a company logo into your document by
249945 clicking on the Browse button and selecting the company logo from a saved Correct
location.

True

False

249944 Any user can run the Year End procedure. Correct

True

False

It is an accounting principle that a negative amount is shown with brackets

249943 around it. Because of this, the Retained Income account is usually called the Correct
Retained Income/ (Accumulated Loss) account.

True

False
 If you use the foreign currency module, before you run the year end, you need to
249942 Correct
process a foreign currency revaluation.

True

False

Using the straight line depreciation method, calculate the monthly depreciation
249927 Correct
of a R240 000.00 fixed asset of 6 years.

R 4 000.00

R 3 333.33

R 40 000.00

R 1 200.00

If you mark up an item by 33% on the cost price of 120.00, the selling price will
249922 Correct
be:

156.36

153.00

155.00

159.60

Which of the following options are not available when and auditor returns
249917 Correct
adjustments to you.

Backup

Batch

An auto update file

On Paper

Referring to the document name below, select the description that best
249912 Correct
identified the document format. CSDOCPDFCP.ENG

Customers suppliers document PDF format continues print.

Custom document PDF colour print.

Custom document PDF continues print.

Customer specific document centre printing.

The Gross Profit Margin percentage of an item purchased for 90.00 and sold for
249907 Correct
160.00 is:

77.78%

43.75%

56.25%
 70%

You can create a Discount Matrix in Sage Pastel by using the Customer Prices
249906 Incorrect
Assistant.

True

False

When creating a budget, Sage Pastel will allocate equal percentages to each
249905 financial period. These percentages that have been auto allocated can only be Correct
changed by recreating the financial periods.

True

False

You can send standard confirmation of outstanding balances to all your

249904 Correct
customers by using the mail merge feature in Sage Pastel.

True

False

To ensure that the Tax Manager Report is correct, you need to check that the
249903 Correct
Tax Box Entry Types are correct.

True

False

When deleting customers or suppliers with a nil balance, you will select a
249902 Correct
General Ledger account to post the transaction history to.

True

False

249899 It is not possible to create a customer specific Discount Matrix. Correct

True

False

Sage Pastel can be set up to force any purchases made to be allocated to

249898 Correct
specific projects.

True

False

The form names SGRNI and SGRND can both be used when creating a form for
249897 Correct
Goods Received Notes.

True
 False

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Projects
are used
to keep
track of
income
Correct
and
expenses
associated
to specific
tasks.

True

False

In Sage Pastel, you are able to create different discount matrices for different
customers or customer categories. The discounts are structured in such a way
249895 Correct
that you can give customers discounts at increasing percentages for higher
volumes sold.

True

False

If you are a registered VAT vendor and you process a bad debt in the Customer
249892 Correct
Journal, you need to select the Bad debts (15.00%) under the Tax column.

True

False

When printing a document you have customised in Sage Pastel, you will need to
249891 Correct
select the custom document each time you print.

True

False

For the Make One for All features to work correctly, you cannot have any open
249889 Incorrect
invoices in the batch.

True
 False

249888 Once you have reconciled the cash book, you can not unreconcile it again. Correct

True

False

249886 Only one note at a time can be created on a customer account. Correct

True

False

When you create your company, you have 5 different Chart of Accounts to
249884 Correct
choose from.

True

False

Every time you close Sage 50c Pastel Partner, Sage 50c Pastel Partner will
249882 Correct
automatically create a backup of the company for you.

True

False

It is possible to set Sage 50c Pastel Partner up to use 13 processing periods

249880 Correct
and then to set the 13th period as the first period for the new year.

True

False

When creating a customer, you can enter a limit to the account. If the customer
249879 exceeds this limit, you are not able to continue processing any documentation Incorrect
for the specific customer.

True

False

Customer documents can be emailed to customers in either PDF format or

249878 Correct
HTML format.

True

False

249876 You cannot post directly to the Customer or Supplier Control accounts. Correct

True

False
 Value Added Tax is an indirect tax levied by vendors on the supply of goods or
services. Vendors, who are registered for VAT, are generally obliged to charge
249875 Correct
and collect VAT on taxable supplies from their customers or clients on behalf of
SARS.

True

False

If you have sub accounts in the General Ledger, the main account becomes a
249874 Correct
totalling account only. You cannot post to the main account.

True

False

When a main account has sub accounts, it is possible to post transactions to

249873 Correct
the main account as well as the sub accounts.

True

False

In the cash book, there is a GCS column. The G, C and S represents the
249863 Incorrect
following:

G=Goods Received

G=General Ledger

G=General Account

C=Customer Account

C=Customer Ledger

C=Closed Customer Account

S=Suspense Account

S=Supplier Account

S=Supplier Ledger

To update open batches, you can go to the view open batches screen by
249858 Correct
selecting:

View...Open Batches

View...General Ledger...Open Batches

Processing...Open Batches

View...Open Batches...Update Batches

None of the above

 Which report is displayed in the image?
249853 Correct

Balance Sheet

Trial Balance

Detailed Ledger

Income Statement

If there is a difference between the balance of the Customer Control Account

249849 Correct
and the total of the Customer Age Analysis ... (Select two options)

you will need to advice your supervisor so that a decision can be made about
rectifying the error.

you will need to ascertain what entry was posted directly to the control account and reverse it.

you will need to run a data integrity to see if there is corrupt data and if necessary
get a data fix done.

If you are
processing
a customer
tax invoice
and the
customer
does not
exist, you
Correct
can create
the
customer
on the fly
by
pressing
the ______
key on the
keyboard.

F1

F2

F6

The action can not be done. You need to exit the process customer screen and you need to
create the customer through the edit customer option. [

If there are unreconciled items on the Bank Reconciliation Statement, your

249840 Correct
first action is:

They should be investigated and action taken if necessary.

You should wait and see if they clear in the following month before taking any action.
 Wait six months and reverse the transactions.

None of the above

When processing a depreciation entry at the end of a financial period for

249836 Furniture and Fittings you would debit the expense account - Depreciation. Correct
What account would you credit?

Repairs and Maintenance - Furniture and Fittings

Furniture and Fittings - Accumulated Depreciation

Furniture and Fittings at Cost

None of the above

The General Ledger detailed ledger can be edited in the forms designer to
249834 Correct
print headings in a different font size.

True

False

In Sage Pastel Partner, you are able to disallow a user from changing the
249833 Correct
sales code on invoices.

True

False

For the Make One for All features to work correctly, you cannot have any
249831 Correct
open invoices in the batch.

True

False

The additional cost is allocated to only the individual items on the linked
249830 Correct
invoice, and not to all of the items in stock.

True

False

249829 Sage Pastel accommodates three different methods of depreciation. Correct

True

False

Journals posted to write off bad debts should never have tax since the tax
249828 was processed in a previous period and journals must be posted in the Correct
current period.

True

False
 If a transaction prints in red in the cash book, it means that it was posted
249827 Correct
using a date that is outside of the period selected on the transaction.

True

False