Sage Exam Questions and Answers 100% Pass

Sage Exam Questions and Answers 100% Pass Correcting a data error in a payroll journal entry before posting, you should? - Answer- Select the incorect fields and enter the correct data The payroll journal entry and report screen show that only the employer? - Answer- Contributed to WCB PAYABLE In the payroll charge run journal, you cannot? - Answer- -Enter amounts for advances and advances discovered -Enter amount for bonuses and commissions -Edit the salary amount for a period To make payroll tax remittances? - Answer- Select pay remittances in the payments journal and then select the supplier. What steps are involved in setting up the payroll ledger - Answer- -Enter payroll names and setting default -Enter the linked payroll accounts for liabilities and expenses -Enter the employee information and historical deduction Which one of the following statements about payroll linked accounts is correct? - Answer- NONE OF THE ABOVE To create an employee benefits you would? - Answer- NONE OF THE ABOVE Paid sick leave and paid vacation time are examples of? - Answer- Entitlements To report on the number of unit sold, revenue, cost of good sold and net profit, you would display The? - Answer- Inventory sales Report The best described inventory item linked accounts? - Answer- -When you purchase the item, the asset account is debited -When you sell the item, The revenue account is credited -When you sell the item, the cost of good sold account is debited When setting up a new inventory item that is combined from other items? - Answer- Set up an inventory ledger record, name the item, record the linked accounts When you see the message that a sale has caused one or more items to drop below the reorder point, you should? - Answer- Review the inventory quantity reports to see the items that you need to reorder When a division is set up and we enter a purchase, the allocate tool? - Answer- Will be highlights when an account that allows allocation is selected