K
C
SAGE INTACCT
LO
IMPLEMENTATION EXAM
YC
REVIEW QUESTIONS AND
CORRECT DETAILED /
D
VERIFIED ANSWERS LATEST
U
UPDATE
ST
, General Ledger: What rolls an account's ending balance, for each reporting period into the
retained earnings accounts, effectively making the balance forward for the account zero? - ANS
Non-closing accounts
General Ledger: What GL configuration option prevents users from entering a journal entry or
other transaction that does not balance for the current dimension? - ANS Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared
environment? - ANS Location
K
General Ledger: What would cause a JL journal entry to fail? - ANS Modifying template header
titles
C
General Ledger: What do you enable to require approvals for all transactions in a particular
journal? - ANS Journal Entry approvals
LO
General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members? - ANS Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific
YC
period? - ANS Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period? - ANS
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL
D
Accounts when using Advanced Workflows in the purchasing application? - ANS Item GL
Group
U
Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting in the PO
transaction definition controls how you would process this transaction? - ANS Partial
Conversion Handling
ST
Purchasing: What dimension represents goods or services purchased from a vendor? - ANS
Item
Purchasing: How does the system determine what type of transactions require aproval, what
approvals are required, and the sequence of approvals? - ANS Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit account pair
defined? - ANS Transaction Posting set to Accounts Payable
C
SAGE INTACCT
LO
IMPLEMENTATION EXAM
YC
REVIEW QUESTIONS AND
CORRECT DETAILED /
D
VERIFIED ANSWERS LATEST
U
UPDATE
ST
, General Ledger: What rolls an account's ending balance, for each reporting period into the
retained earnings accounts, effectively making the balance forward for the account zero? - ANS
Non-closing accounts
General Ledger: What GL configuration option prevents users from entering a journal entry or
other transaction that does not balance for the current dimension? - ANS Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared
environment? - ANS Location
K
General Ledger: What would cause a JL journal entry to fail? - ANS Modifying template header
titles
C
General Ledger: What do you enable to require approvals for all transactions in a particular
journal? - ANS Journal Entry approvals
LO
General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members? - ANS Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific
YC
period? - ANS Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period? - ANS
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL
D
Accounts when using Advanced Workflows in the purchasing application? - ANS Item GL
Group
U
Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting in the PO
transaction definition controls how you would process this transaction? - ANS Partial
Conversion Handling
ST
Purchasing: What dimension represents goods or services purchased from a vendor? - ANS
Item
Purchasing: How does the system determine what type of transactions require aproval, what
approvals are required, and the sequence of approvals? - ANS Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit account pair
defined? - ANS Transaction Posting set to Accounts Payable
