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Question ID 22243

What is the effect of summary accounts on the efficiency of the posting process?

Option A

There is no effect, because summary accounts do not use the posting process to accumulate
values.

Option B

Use of summary accounts decreases the efficiency of the posting process.

Option C

Use of summary accounts neither increases nor decreases the efficiency of the posting
process.

Option D

Use of summary accounts increases the efficiency of the posting process.

Correct Answer B
Explanation


Question ID 22244

When you enter a journal, the journals in that batch _____.

Option A

should share the same period

Option B

should share both the same period and currency

Option C

should share the same accounting date

Option D

can have different periods, currencies, and accounting dates

Option E

should share the same currency

Correct Answer A
Explanation

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