Multiple Choice
To reconcile a credit card receivable account you must -
A) assign the Bank class to the receivable account
B) choose to save transactions for account reconciliation in the ledger record for the account
C) use the credit card processing option in the sales journal
D) you cannot use account reconciliation for credit card accounts
Correct Answer:
Verified
Correct Answer:
Verified
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
Q20: Which one of the following general statements
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
Q26: Which accounts may be set up to