Question
Question 14 (1 point) Saved In the EMPLOYEES & PAYROLL Module, when posting a paycheque to the Employee Ledger and General Ledger, assuming the date
Question 14 (1 point) Saved In the EMPLOYEES & PAYROLL Module, when posting a paycheque to the Employee Ledger and General Ledger, assuming the date information shown in parts a, b and c, what date will be used for the posting date:
Question 14 options: a. Session date: Jan 04
b. The Cheque date: Jan 03
c. The Payroll Ending date: Jan 02
Question 15 (0.5 points) Saved History means:
Question 15 options: The opening balances of the Trial Balance, Receivables and Payables before the modules are set to Ready
The opening balances of the Trial Balance, Receivables and Payables after the modules are set to Ready
The balances from last years fiscal reports
The updated records of transactions after turning to ready
Question 16 (1 point) Saved When an item falls below the minimum quantity, no more sales are allowed until the item is brought up over the minimum quantity level. Question 16 options: True False
Question 17 (1 point) Saved Which of the following is true?
Question 17 options: The income reimbursement field is used to record reimbursement of borrowed funds by the employee to the company
The income reimbursement field is used to reimburse employees for monies they have spent on behalf of the company
The income reimbursement field is used to remit monies owing to the government for payroll taxes
The income reimbursement field is used to correct prior payroll cheques issued to employees
Question 18 (1 point) Saved The INVENTORY module is used:
Question 18 options: By companies using the periodic inventory system.
By companies using the perpetual inventory system.
By companies using either the perpetual or periodic inventory systems.
Question 19 (1 point) Saved Vacation Pay amounts owing to the employee can be viewed in the Payroll Cheque Run Vacation Pay column.
Question 19 options: True False
Question 20 (1 point) Saved Employee Advance amounts owing are shown in the Paycheques Journal.
Question 20 options: True False
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