Microsoft
MB7-701 · Question #93
You have selected the Recurring Method of Reversing Fixed on a recurring journal line. The date that the journal is reversed is related to the Posting Date field on the journal line. On what date is…
The correct answer is B. The date after the Posting Date on the journal line. See the full explanation below for the reasoning.
Question
You have selected the Recurring Method of Reversing Fixed on a recurring journal line. The date that the journal is reversed is related to the Posting Date field on the journal line. On what date is the reversing entry posted?
Options
- AThe Posting Date plus one month.
- BThe date after the Posting Date on the journal line.
- CThe same date as the Posting Date on the journal line.
- DThe Posting Date plus the date formula in the Recurring Frequency field.
How the community answered
(15 responses)- A7% (1)
- B87% (13)
- C7% (1)
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