Ledgr Academy

Operations: the assessment

15 questions from the course's lessons. 80% passes; you see your score, not which answers were wrong. Up to 5 attempts a day.

How is the opening stock you type into Stock Qty valued?
At the sell price
At the cost price, per unit
At nothing until the first sale
Which costing method should you avoid for anything that feeds your tax return?
Weighted Average
LIFO
FIFO
You transfer six lamps from Cape Town HQ to Durban Showroom. When does Durban hold them?
When Durban receives the transfer on the Transfers tab
At the end of the month, when stock is revalued
As soon as you tap Initiate Transfer
You scan a barcode that is not on the count sheet. What happens?
Ledgr names the code rather than ignoring it
It is silently ignored
A new product is created for it
Where does a shortfall go when you commit?
To the inventory write-off and shrinkage account
Nowhere: only the quantity changes
To the cost of sales of the next invoice
Who can commit a stock take?
Someone with the approve permission for inventory
Only the person who started the count
Anyone who can view the Inventory screen
You have added a part to the job but not issued it. Has it left the storeroom?
Only once the invoice is paid
No, adding plans it and Issue from stock moves it
Yes, adding the part moves the stock
What does Create draft invoice do?
Closes the job without an invoice
Raises a draft invoice from the billable lines and sends nothing
Emails the invoice to the customer at once
What does the Completed column on the board mean?
The customer has paid
The job was cancelled
The work is finished but not invoiced yet
You leave the rate blank on an entry. What price does the hour get?
Nothing, so the hour is free
The task's rate, then the person's own rate, then the project's
The highest rate anyone in the business charges
Which hours can travel onto an invoice or a job card?
Approved hours only
Any hours, approved or not
Only hours captured with the timer
When are hours marked as billed?
When the invoice is sent
As soon as the draft invoice is created
When the customer pays the invoice
What does moving a card to Done post to your books?
A journal for the card's value
Nothing: a workflow card posts nothing to the books
An invoice to the card's customer
A column has reached its work-in-progress limit. What happens when you drop another card on it?
The column turns red but takes the card anyway
The oldest card in the column is moved out
Ledgr refuses the drop and names the column, the count and the limit
Where do the numbers on your cards, such as OPS-0001, come from?
The board's item prefix and a counter that never reissues a number
They copy the invoice number sequence
They are typed in by hand on each card

Your name, as the certificate should show it

Your email

The certificate is sent here, and becomes checkable once you confirm it.