Answer by saying Tue or False to the following questions from Sage 50

1. When you post a journal entry in Sage 50 Accounting, all modules are immediately updated except the general ledger.
2. The employer portion of E.I. and CPP is deducted from the employee and remitted to the Receiver General each month
3. Prepayments to vendors are held as debits in the vendor account.
4. Conversion means changing from a manual system to a computerized one or changing from one computerized system to another.
5. Debits on the bank statement increase the bank balance.