Which One of the Statements About the Sage 50 Date

question 11

Multiple Choice

Which one of the statements about the Sage 50 date system is false -

• A) the posting date is the date of the transaction
• B) the session date may be advanced by more than one week
• C) the session date is the first posting date for a series of later transactions
• D) the session date is the date you are recording transactions

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Definitions:

Land Improvements

Enhancements made to land, such as landscaping, driveways, fences, and sidewalks, that increase the property's value.

Subdivisions

In real estate, this refers to the act of dividing land into pieces that are easier to sell or otherwise develop.

Cash Discount

A reduction in the price paid for goods or services offered to customers as an incentive for early payment.

Annual Insurance

The total cost of insurance coverage for an entity or individual for a one-year period.