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What role does the accounts payable account play

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Question 1: What are some advantages of using Sage 50 over a manual accounting system? What about disadvantages?

Question 2: How is entering a purchase invoice in the Purchases Journal different from entering it in the General Journal? What advantages are there to using the Purchases Journal instead of the General Journal for entering purchase transactions? Why should you use the Purchase Journal?

Question 3: What role does the Accounts Payable account play when you are using the Payables Ledger and when you are using only the General Ledger?

Question 4: When would you use recurring entries?

Reference no: EM132790012

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