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MB7-701 · Question #52

When you are completing a line in the General Posting Setup matrix, you must enter three core pieces of data. What information do these three pieces of data provide? Choose the 3 that apply.

The correct answer is A. The income statement account for each subsidiary, or supporting ledger. C. The posting group indicating what is being sold / purchased. D. The posting group indicating who is being sold to / purchased from. See the full explanation below for the reasoning.

Question

When you are completing a line in the General Posting Setup matrix, you must enter three core pieces of data. What information do these three pieces of data provide? Choose the 3 that apply.

Options

  • AThe income statement account for each subsidiary, or supporting ledger.
  • BThe balance sheet account for each subsidiary, or supporting ledger.
  • CThe posting group indicating what is being sold / purchased.
  • DThe posting group indicating who is being sold to / purchased from.

How the community answered

(58 responses)
  • A
    84% (49)
  • B
    16% (9)

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