Which two transactions can be reversed? Each correct answer presents a complete solution.

The correct answer is C. Fixed asset depreciation adjustment E. A transaction that has already been reversed. You can reverse fixed asset transactions, and the transactions that are associated with a fixed asset. You can also revoke a reversed transaction.

Set up and Configure Fixed Assets

Question

Options

AA sales order
BAn unposted depreciation transaction
CFixed asset depreciation adjustment
DVendor payments
EA transaction that has already been reversed

How the community answered

(26 responses)

A
8% (2)
B
15% (4)
C
73% (19)
D
4% (1)

Explanation

You can reverse fixed asset transactions, and the transactions that are associated with a fixed asset. You can also revoke a reversed transaction.

Topics

#transaction reversal#fixed asset depreciation adjustment#vendor payments#reversal rules

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