Reference no: EM132956195

Questions -

Q1- What are some of the advantages of entering transactions in Sage 50 over using a manual accounting approach? Are there any disadvantages?

Q2- Describe the differences in the Home window in the Classic and the Enhanced views.

Q3- Describe a method of creating new General Ledger accounts.

Q4- How is a General Journal entry in Sage 50 different from a manual accounting journal entry?

Q5- How are Subgroup accounts different from Group accounts? Why is it important to use Subgroup accounts?

Q6- What happens when you post a payment? What linked accounts are affected and how are they affected?

Q7- How is the Current Earnings account different from other General Ledger accounts in Sage 50?

Q8- How is a cash purchase different from a purchase that is paid later?

Q9- If you forgot to add sales tax to a purchase invoice, how could you make the correction?

Q10-If you repeatedly get the message that a Sales Journal entry will cause a customer to exceed the credit limit, what should you do?