Tag: technology

Questions Related to technology

  1. A. Fixed Assets

  2. B. Projects

  3. C. Inventory

  4. D. All of the above


Correct Option: D
  1. A. Create custom financial statements

  2. B. Create Consolidated report and perform consolidation for companies sharing the same general ledger

  3. C. Report on translated and foreign currency amounts

  4. D. All of the above


Correct Option: D
  1. A. Manual Journal Entries

  2. B. Reversing Journal Entries

  3. C. Recurring journal entries

  4. D. Mass allocation journal entries


Correct Option: B

___________ are used for transactions that repeat for every accounting period, such as accruals, depreciation charges, and allocations

  1. A. Mass Allocations

  2. B. Reversing Journal Entries

  3. C. Manual Journal

  4. D. Recurring Journals


Correct Option: D

__________are journal entries that utilize a single journal entry formula to allocate balances across a group of cost centers, departments, divisions or other segments.

  1. A. Mass Allocations

  2. B. Manual Entry

  3. C. Reversing Journal Entry

  4. D. None of the above


Correct Option: A
  1. A. Payables

  2. B. Receivables

  3. C. Assets

  4. D. All of the above


Correct Option: D