Multiple Choice
Which one of the following general statements is true -
A) unresolved amounts will be posted to the reconciliation adjustments expense account
B) drill-down reports are available from the account reconciliation summary report
C) you can enter only one transaction for each type of income and expense
D) you must complete the account reconciliation setup each month
Correct Answer:

Verified
Correct Answer:
Verified
Q15: When you compare the general ledger or
Q16: Cash and cheques are recorded differently on
Q17: You will have an unresolved reconciliation amount
Q18: To enter NSF cheques when deposit slips
Q19: Automatic fixed monthly payments such as auto
Q21: To reconcile a credit card receivable account
Q22: If the session date is May 31st,what
Q23: The Banking module window includes journal icons
Q24: To transfer funds to and from credit
Q25: Which one is not a procedure to