2025/2026 Update) Questions with Verified i,- i,- i,- i,- i,-
Answers | 100% Correct | Grade A. i,- i,- i,- i,- i,- i,-
Purchasing: What transaction definition setting requires at least
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one debit/credit account pair defined?
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set to Accounts Payable
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Accounts Receivables: What would you view to see all of the
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following information: customer aging info, amount due and
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amount paid, and total payments received?
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Accounts Receivables: What transaction type decreases the
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amount a customer owes you? i,- Credit memo
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Accounts Receivables: What customer account type causes the
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system to apply customer payments against the total balance
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due? Balance forward
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General Ledger: What rolls an account's ending balance, for each
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reporting period into the retained earnings accounts, effectively
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making the balance forward for the account zero?
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closing accounts i,-
, General Ledger: What GL configuration option prevents users
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from entering a journal entry or other transaction that does not
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balance for the current dimension?
i,- Enforce JE balancing
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General Ledger: What does an entity translate to for transacting
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in a multi-entity shared environment?
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General Ledger: What would cause a JL journal entry to fail?
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Modifying template header titles i,- i,- i,-
General Ledger: What do you enable to require approvals for all
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transactions in a particular journal? Journal Entry approvals
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General Ledger: What records are used to track non financial
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data, such as employee headcount or the number of members?
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Statistical Accounts
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General Ledger: What process prevents entries and/or changes to
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a ledger for a specific period?
i,- i,- Closing the books
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General Ledger: Which type of journal entry is used for posting to
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a closed period?
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