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In Sage 50 Accounting, general journal entries refer to those transactions that cannot be made elsewhere. For example: taking cash out of the business if
In Sage 50 Accounting, general journal entries refer to those transactions that cannot be made elsewhere. For example: taking cash out of the business if you are an owner making a loan payment You can process transactions affecting all accounts except the linked Accounts Payable, Accounts Receivable, Payroll Advances, and Vacation Payable accounts, inventory asset accounts, and Current Earnings accounts. You cannot update these linked accounts directly. Their balances are changed only through the related transaction windows, or when the program automatically calculates the balance of the Current Earnings account. True False
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