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NEW QUESTION 35
When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question.
- A. When an account is required for clearing
- B. When an account has a zero balance
- C. When an account is used as a reconciliation account
- D. When an account is set up as a cost element
Answer: A,B
NEW QUESTION 36
Accounts Payable & Accounts Receivable
Which parameter indicates that a line item can only be dunned with restrictions?
- A. Group key
- B. Dunning area
- C. Dunning block reason
- D. Dunning key
Answer: D
NEW QUESTION 37
Financial Closing
"You post a purchase order
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this question"
- A. Consulting services
- B. Insurance premiums
- C. Fixed Asset purchases
- D. Raw material purchases
Answer: C,D
NEW QUESTION 38
Financial Closing
"You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles.
How can you set this up in the system?"
- A. Define two valuation ares and two extension ledgers with relevant links to accounting principles.
- B. Define two valuation methods and assign the ledger groups to the new valuation method.
- C. Define two valuation ares and two accounting principles witth relevate links to ledgers.
- D. Define two valuation methods and assign the accounting principles to the new valuation methods.
Answer: D
NEW QUESTION 39
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