Microsoft
MB3-701 · Question #28
A check clears for an amount that differs from the posted transaction amount in the Bank Reconciliation module. You record the difference in the Cleared Amount Entry window. What is the result of…
The correct answer is B. The cleared amount is recorded for reference. See the full explanation below for the reasoning.
Question
A check clears for an amount that differs from the posted transaction amount in the Bank Reconciliation module. You record the difference in the Cleared Amount Entry window. What is the result of recording the difference in the Cleared Amount Entry window?
Options
- AThe General Ledger is updated with the difference.
- BThe cleared amount is recorded for reference.
- CThe transaction amount is updated with the new cleared amount.
- DThe checkbook balance is updated with the difference.
How the community answered
(25 responses)- A12% (3)
- B80% (20)
- C8% (2)
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