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These are questions in Sage 50, Computerized Accounting subject. 14. How do employee benefits differ from employee entitlements? [2] 15. If an employee has regular

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These are questions in Sage 50, Computerized Accounting subject.

14. How do employee benefits differ from employee entitlements? [2] 15. If an employee has regular payroll deductions for a charitable donation contribution but wants to stop making these contributions, what should you do? [1] 16. How is the setup for vacation pay different for salaried and hourly paid employees? [2] 17. When entering returns for damaged inventory items, the accounting clerk mistakenly entered the Inventory Losses account in the Sales Journal as the account instead of the Sales Returns in order to write off the loss. Why is this incorrect? Describe the correct method for entering the return of damaged inventory. [2] 18. How are preferred prices for customers different from offering a discount at the time of a sale, or a discount for early payment? How does Sage 50 enter these three transactions? [3] 19. What difference does it make whether you mark NSF cheques as Cleared or as NSF? [1] 20. What entries appear in the Account Reconciliation Journal Report

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