You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899558
Joined: Mon Aug 02, 2021 8:13 am

You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You

Post by answerhappygod »

You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account.
Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? (Choose two.)

A. Reconciliation account for account type Bank
B. Line item display
C. P&L statement account
D. Post automatically only
E. Open item management
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!

This question has been solved and has 1 reply.

You must be registered to view answers and replies in this topic. Registration is free.


Register Login
 
Post Reply