9. At what stage can a check number be deleted from the Bank module?
A. When the check status is Cancelled.
B. When the check status is Created.
C. At any stage in the payment process.
D. When the check status is Void.
Answer: B

10. Given the following information, which of the following happens when Invoice 1 is settled?
Date Text Company Currency
USD
01 Dec. Invoice 1 100
120
31 Dec. Unreal. exch. profit. 20
0
20 Jan. Payment 1005
120
A. A realized exchange loss adjustment of 15 is posted.
B. Invoice 1 is settled 100% and the Customer has a balance of 15.
C. Unrealized exchange adjustment of 20 is reversed and a realized exchange adjustment of 5 is posted.
D. Unrealized exchange adjustment of 20 is reversed with 15 and no realized exchange adjustment is posted.
Answer: C

11. How do you indicate which company you are posting an intercompany transaction to?
A. Choose the account type of intercompany on the journal line and choose the company.
B. Choose the intercompany vendor on the journal line which then automatically chooses the company.
C. Choose the company to post to on the General tab in the Offset Company Accounts field.
D. Choose the company to post to on the General tab in the Company Accounts field.
Answer: C

12. In a General journal, which of the following descibes the use of selecting the Forced rate check box on the
Setup tab page?
A. To avoid using triangulation on the journal lines.
B. To make exchange rate mandatory on the journal lines.
C. To specify a default exchange rate on the journal lines.
D. To set the fixed exchange rate used when making consolidations.
Answer: C