Question 1

Which statement is true regarding the period close process?

Options :

A : Closing the accounting period is the final step.

B : You can complete Period Close Checklist tasks in any order.

C : You can customize the Period Close Checklist.

D : You can close an accounting period even if a previous period is still open.

Answer: A

Question 2

Which methods can you use to enter amounts into a budget? (Choose 2.)

Options :

A : Separate: Take an amount and apply it to al accounts

B : Fill: Copy the amount from the first month to all months.

C : Prorate: Dispense an amount based on number of days per month.

D : Interval: Spread an amount ever a specifie monthly frequency.

E : Distribute: Evenly divide the amount from the first month to all months./

Answer: B,E

Question 3

Which field should be completed to automatically post the reverse impact of a journal entry to the general ledger?

Options :

A : Void checkbox

B : Automatic Reversal checkbox

C : Void Date

D : Reversal Date

Answer: D

Question 4

Which statement describes the use of price levels?

Options :

A : Price levels let you apply different pricing to items depending on the quantity being sold.

B : Price levels let you print, fax, or email price lists to each customer.

C : Price levels let you unlock all pricing attributes.

D : Price levels let you assign different pricing for a set of customers.

Answer: D

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