Exam (elaborations)
SAGE 50 FINAL REVIEW Questions & answers
- Course
- Institution
SAGE 50 FINAL REVIEW Questions & answers
[Show more]
Seller
Follow
EXAMQA
Reviews received
Content preview
SAGE 50 FINAL REVIEWWhen first opening the Sage 50 program you will be asked to choose - ANS-select an
existing company, create a new company, restore from backup
The Sage 50 home window does not display - ANS-icons for individual accounts
Which one of the following comments is not true of the Sage 50 program - ANS-the help
menu may be removed or hidden
When you restore a file from a backup, you must - ANS-press back to change any of
your selections
Home window tool icons in Sage 50 - ANS-are shortcuts for accessing features
provided by some menu options
Businesses must register for GST and apply GST to sales if - ANS-they have annual
sales over $30,000
Items that are not taxable for GST - ANS-are mostly basic necessities
HST differs from GST in that - ANS-it has a different tax rate, it includes a portion for
provincial sales tax
Provincial sales taxes- - ANS-on purchases that are treated as business expenses
GST/HST differs from other sales taxes in that- - ANS-it applies at all levels of sales
Sales taxes on goods and services in Canada- - ANS-are charged at the rate applicable
to the province of destination
Sage 50 provides a complete audit trail by- - ANS-recording original transactions in a
journal, posting the journal amounts into a ledger, numbering & referencing each
transaction
A variety of reports and financial statements may be viewed by- - ANS-selecting the
reports menu and opening the appropriate choice
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EXAMQA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.79. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50843 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now