Sage 50 - Ch. 3 Review Questions | 100% Correct Answers | UpToDate Doc | Already Graded A+

1. Which one of the statements about the Sage 50 "date" system is false - A) the posting date is the date of the transaction B) the session date may be advanced by more than one week C) the session date is the first posting date for a series of later transactions D) the session date is the date you are recording transactions ☑: C) the session date is the first posting date for a series of later transactions 2. Sage 50 provides a complete audit trail by - A) recording original transactions in a journal B) posting the journal amounts into a ledger C) numbering and referencing each transaction D) all of the above statements are correct ☑: D) all of the above statements are correct 3. Advantages of using the Sage 50 program over a manual accounting system include - EXCELLENCE A) Sage 50 creates jobs because it requires more individuals to key in data B) through recording journal entries, all ledgers and reports are up to date C) you are unable to set reminders "daily business manager lists" for reports, etc. D) choices a and c are correct ☑: B) through recording journal entries, all ledgers and reports are up to date