Simply Accounting Business Partner Program Sample Test
Below is a sampling of the questions taken from the actual Simply Accounting certification exam required to become a Simply Accounting Certified Consultant.
01. To change date format settings, you must access –
- the Simply Accounting program system settings screen
- the Windows Control Panel screen
- the Windows Explorer properties menu
- none of the above
02. Which one of the following general statements is incorrect –
- you cannot post an entry if debits do not balance credits
- you must post an entry in order to review or display it
- displaying your general journal entry may uncover errors
- all of the above are correct
03. You should use the adjustments journal to record –
- adjustments to inventory purchase prices from the vendor as an allowance for damages
- adjustments to inventory sale prices to customers as an allowance for damages
- adjustments to inventory in stock for damaged goods
- all of the above
04. For a purchase from a foreign vendor, the Purchases Journal –
- shows the amounts in the home currency
- always includes fields and amounts for import duties
- always requires you to choose a currency for the transaction
- none of the above
05. What steps are involved in setting up the Payroll Ledger –
- enter the payroll names and setting defaults
- enter the linked payroll accounts for liabilities and expenses
- enter the employee information and historical deductions
- all of the above
06. Which of the following can be done from the inventory ledger –
- change inventory profit evaluation from markup to margin
- create a ledger for Services Revenue
- create a new inventory item
- all of the above
07. To e-mail a purchase order to a vendor you should –
- complete the order, choose the e-mail function and then record the order
- complete the order, record it and then choose the e-mail function
- complete the order, post it to save it and then choose the e-mail function
- complete the order, fill the order and then choose the e-mail function
08. The PST (retail sales tax) remittance recorded in the Payments Journal will –
- debit PST Payable; credit Bank
- debit PST Payable; credit Bank, PST Compensation
- debit PST Payable; credit Accounts Payable,
- debit PST Payable; credit Accounts Payable, PST Compensation
09. Choose the false statement about "group accounts" and "subgroup accounts" –
- the group account is selected when one account is the total for that name
- the subgroup selection is required when two or more accounts must be added to arrive at a total
- the group accounts types are postable accounts
- the subgroup accounts are non-postable accounts
10. Drill-down reports –
- are available from both purchases and payments journal reports
- allow access to detail reports
- allow viewing of invoices
- all of the above
