1Z0-516 · Question #171
ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automated…
The correct answer is A. The Mumbai ledger is an adjustment-only secondary ledger. B. Perform all adjustments in the Mumbai ledger. C. Perform all day-to-day transactions in the New Delhi ledger. D. Use ledger sets to combine transaction data and adjustment data. See the full explanation below for the reasoning.
Question
ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments and automated adjustments. The New Delhi office does not need a complete ledger to perform management or statutory reporting. Which four statements are true in the given scenario? (Choose four.)
Options
- AThe Mumbai ledger is an adjustment-only secondary ledger.
- BPerform all adjustments in the Mumbai ledger.
- CPerform all day-to-day transactions in the New Delhi ledger.
- DUse ledger sets to combine transaction data and adjustment data.
- EPerform all day-to day-transactions and adjustments in the New Delhi ledger.
- FConsolidate data in the Mumbai ledger with the New Delhi ledger while reporting.
How the community answered
(56 responses)- A80% (45)
- E7% (4)
- F13% (7)
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