Microsoft
MB-800 · Question #19
The general ledger account for accounts receivable must match the sum of all balances on the customer cards. You need to set up the general ledger account card for accounts receivable to meet this…
The correct answer is D. Disallow direct posting. By disabling Direct Posting, you can be sure that the receivable account will only be posted with the Customer Ledger Entries. You can be sure that they will be reconciled. Totaling is only totaling the GL Account, eg. Total Receivables is the totaling for Receivable - Local…
Configure financials
Question
The general ledger account for accounts receivable must match the sum of all balances on the customer cards. You need to set up the general ledger account card for accounts receivable to meet this requirement. Which configuration should you use?
Options
- AConfigure the account type.
- BBlock the account.
- CConfigure totaling.
- DDisallow direct posting.
How the community answered
(17 responses)- A6% (1)
- B6% (1)
- D88% (15)
Explanation
By disabling Direct Posting, you can be sure that the receivable account will only be posted with the Customer Ledger Entries. You can be sure that they will be reconciled. Totaling is only totaling the GL Account, eg. Total Receivables is the totaling for Receivable - Local and Receivable - Export.
Topics
#accounts receivable#direct posting#G/L account setup#subsidiary ledger reconciliation
Community Discussion
No community discussion yet for this question.