SAGE 50 FINAL REVIEW QUESTIONS AND ANSWERS 100% CORRECT

SAGE 50 FINAL REVIEW QUESTIONS AND ANSWERS 100% CORRECT When first opening the Sage 50 program you will be asked to choose - Answer- select an existing company, create a new company, restore from backup The Sage 50 home window does not display - Answer- icons for individual accounts Which one of the following comments is not true of the Sage 50 program - Answer- the help menu may be removed or hidden When you restore a file from a backup, you must - Answer- press back to change any of your selections Home window tool icons in Sage 50 - Answer- are shortcuts for accessing features provided by some menu options Businesses must register for GST and apply GST to sales if - Answer- they have annual sales over $30,000 Items that are not taxable for GST - Answer- are mostly basic necessities HST differs from GST in that - Answer- it has a different tax rate, it includes a portion for provincial sales tax Provincial sales taxes- - Answer- on purchases that are treated as business expenses GST/HST differs from other sales taxes in that- - Answer- it applies at all levels of sales Sales taxes on goods and services in Canada- - Answer- are charged at the rate applicable to the province of destination