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SAGE 50 FINAL REVIEW Questions and Correct Answers 2024/2025
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SAGE 50 FINAL REVIEW Questions and Correct Answers 2024/2025
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SAGE 50 FINAL REVIEWWhen first opening the Sage 50 program you'll be asked to pick - ANSselect an present
organization, create a new organisation, repair from backup
The Sage 50 home window does now not display - ANSicons for person bills
Which one of the following comments isn't real of the Sage 50 application - ANSthe help menu
can be eliminated or hidden
When you restore a report from a backup, you need to - ANSpress returned to alternate any of
your picks
Home window tool icons in Sage 50 - ANSare shortcuts for getting access to features supplied
through a few menu alternatives
Businesses should check in for GST and observe GST to sales if - ANSthey have annual sales
over $30,000
Items that aren't taxable for GST - ANSare broadly speaking primary necessities
HST differs from GST in that - ANSit has a extraordinary tax price, it includes a element for
provincial sales tax
Provincial income taxes- - ANSon purchases which are treated as commercial enterprise costs
GST/HST differs from different income taxes in that- - ANSit applies at all tiers of income
Sales taxes on goods and services in Canada- - ANSare charged at the rate relevant to the
province of destination
Sage 50 offers a whole audit path through- - ANSrecording original transactions in a magazine,
posting the magazine amounts into a ledger, numbering & referencing each transaction
A variety of reports and financial statements may be viewed by- - ANSselecting the reports
menu and commencing the perfect preference
Which declaration isn't always authentic approximately the session date- - ANSit have to be set
on every occasion you document an entry
To enter a date for an accounting transaction, you must- - ANSchoose a date from the pop-up
calendar, type the date in text, input as -digit numbers
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