8812 General Ledger Maintaining Records

5 Questions | Total Attempts: 80

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Ledger Quizzes & Trivia

Evaluates what you learned about procedures used to maintain General Ledger data. Reports and Inquiries are also discussed.


Questions and Answers
  • 1. 
     Where can a range of accounts be inactivated or deleted?
    • A. 

      Account Maintenance

    • B. 

      Mass Modify Chart of Accounts

    • C. 

      Account Segment Setup

    • D. 

      Customization Maintenance

  • 2. 
    When allocation amounts are reconciled, does the report provide information on which fixed allocation accounts are not 100% distributed?
    • A. 

      Yes, this information is provided to ensure the accounts can be used.

    • B. 

      No, this information is not provided

    • C. 

      It provides information only on variable allocation accounts

    • D. 

      It provides information only if accounts have been posted to within the current fiscal year.

  • 3. 
    The Reconcile to GL window provides reconcile information to which of the following sub-ledgers?
    • A. 

      Payroll and Payables Management

    • B. 

      Receivables Management and Inventory

    • C. 

      Payables Management and Fixed Assets

    • D. 

      Payables Management and Receivables Management

  • 4. 
    When is information moved to history files in General Ledger?
    • A. 

      When transactions are posted in General Ledger

    • B. 

      When transactions are saved in batch in General Ledger

    • C. 

      When a fiscal period is closed in General Ledger

    • D. 

      When the year-end closing program is run in General Ledger

  • 5. 
    Which is not a requirement in order to delete a posting account?
    • A. 

      The account balance must be $0.

    • B. 

      There must be no current year activity

    • C. 

      The account code must be changed to 0000-000-00-00

    • D. 

      There must be no transaction history

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