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Sage 50 Accounting Premium, will allow the user to hide accounts on Financial Statements with balances of $0.00. True False A recurring entry is an

Sage 50 Accounting Premium, will allow the user to hide accounts on Financial Statements with balances of $0.00. True False A recurring entry is an entry that: Occurs seldom. Is to be deleted on a regular basis. Occurs regularly. Will occur only within the next two months. Question 54 (0.5 points) With respect to the , it records Payments for cash/cheques/credit card sales only Customers on file where the account is paid in full Sales on Account Partial payments of cash and/or cheques Which of the following items should not be recorded in the PAYABLES module. Manufacturing supplies are returned for a reduction in the amount owing to supplier Bank service charges Monthly payments by cheque of interest and principal to your parents for a business loan Early payment discount received on office supplies purchased 10 days ago Question 59 (0.5 points) Inventory adjustments are required when: O Items are purchased that were not in inventory before The selling price of goods increases or decreases The cost price of goods purchased decreases Goods are accidentally broken by staff Activate Wimage text in transcribedimage text in transcribedimage text in transcribed

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