Which unbalance amount for historical general ledger account

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Reference no: EM132939225

Problem 1: The Credit Card setup information screen requires that -

a. you click the option to allow credit card sales and purchases

b. the name of each credit card appears on a separate line

c. you enter interest rate charged to the credit card company

d. you enter the revenue account to record interest charges

Problem 2: The class option Bank is needed for accounts used for -

a. payments by cheque in the purchases and payments journals

b. deposits of receipts from customers

c. credit card receipts from customers

Problem 3: Unbalanced amounts for historical General Ledger account balances may be assigned -

a. automatically to the Current Earnings linked account

b. automatically to the Test Balance account you created

c. automatically to any account you choose for this purpose in the settings for the ledger

d. any account you choose when the message about unbalanced amounts appears

Problem 4:  To finish the history when you are using only the General, Payables and Receivables modules you must view -

a. icons for the general, receivables and payables pages or modules

b. icons for the company, banking, receivables and payables pages or modules

c. icons for the company, receivables and payables pages or modules

d. icons for all modules

Reference no: EM132939225

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