8812 General Ledger Maintaining Records
Evaluates what you learned about procedures used to maintain General Ledger data. Reports and Inquiries are also discussed.
- 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
Questions: 10 | Attempts: 2031 | Last updated: Mar 21, 2022
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Sample QuestionChart of Accounts has to be set up before FS Code File. True or False
Questions: 5 | Attempts: 1179 | Last updated: Mar 22, 2022
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Sample QuestionWhich of the following best describes trial balance?
Questions: 30 | Attempts: 242 | Last updated: Mar 22, 2022
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Sample QuestionGeneral ledger adjustment account(s) is/are opened in_____________.
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