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Daily Assessment 6. Explain what Subgroup account means? They are used for the accounts whose balances will be subtotalled, must be followed by the

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Daily Assessment 6. Explain what Subgroup account means? They are used for the accounts whose balances will be subtotalled, must be followed by the Group Total Account before the next Group Heading. VDaily Assessment 7. The receipts journal is used for all but one of the following- A) entering cash sales to customers B) entering the receipt of an HST refund C)entering deposits from customers D)entering a customer's NSF cheque V Daily Assessment 8.When first opening the Sage 50 program you will be asked to choose - A) to create a new company B) select an existing company C) all choices listed are correct D) restore from backup

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