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1. Accrual and Deferral is a periodic activity
A) true
B) false
2. CORRECT TEXT
The line with account type "?--" determines the maximum length of the open periods for an account type
3. If new transactions have been posted to the account since the last valuation run, these are valuated during the current run.
A) False
B) True
4. Chart of accounts is a variant which contains structure and basic information about general-ledger accounts
A) False
B) True
5. The balance of an account determines whether the system displays it as a receivable or payable.
A) False
B) True
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: Only visible for members | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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