A Periodic inventory system B Batch inventory system C Perpetual inventory

A periodic inventory system b batch inventory system

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A) Periodic inventory system. B) Batch inventory system. C) Perpetual inventory system. D) Real-time inventory system. E) None of the above. Feedback: Correct (Perpetual inventory system) 5
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CORREC T Modules within Sage 50's system design are: A) Accounts payable. B) Accounts receivable. C) Inventory. D) All of the above. E) None of the above. Feedback: Correct (All of the above) True or False 1 CORREC T When setting up inventory items, Sage 50 allows only one selling price for each item sold. A) True. B) False. Feedback: Correct (Multiple pricing levels are allowed for items sold) 2 CORREC T When inventory stock items are purchased on account, the inventory account is debited and accounts receivable/customer is credited. A) True. B) False. Feedback: Correct (Inventory is debited and accounts payable/vendor is credited when inventory items are purchased.)
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3 CORREC T If you want to know when an action is performed, use the audit trail. A) True. B) False. Feedback: Correct 4 CORREC T Adjustments to inventory do not affect the average cost of the item. A) True. B) False. Feedback: Correct (Inventory adjustments affect the average cost of the item only.) 5 CORREC T Access to individual Navigation Center selections can be limited. A) True. B) False. Feedback: Correct
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