IBM
C2020-605 · Question #47
Company ABC has a 20 line year-end journal entry in journal 101. Several other entities would like to use these journal entries for their new fiscal year. However, all of the entities already have a…
The correct answer is D. Manually enter a new journal entry in the other entities' existing journal type. See the full explanation below for the reasoning.
Question
Company ABC has a 20 line year-end journal entry in journal 101. Several other entities would like to use these journal entries for their new fiscal year. However, all of the entities already have a journal 101. How can the administrator use the journal entries in journal 101 for ABC without overwriting the other entities' own journals?
Options
- ACopy journal101 into an automatic journal for other entities
- BCopy journal101 into a new journal type for other entities, and include year ending rules
- CManually enter the journal entries into a new journal type on company ABC, and copy the journal
- DManually enter a new journal entry in the other entities' existing journal type.
How the community answered
(52 responses)- A12% (6)
- B2% (1)
- C8% (4)
- D79% (41)
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