Microsoft SL 7.0 Financials Set 4

1.

Which Entry Type is reserved by the system to record the offsetting entry to cash?

TR CE CK ZZ

2.

The Cash Account Transfers screen includes a Source account and a Destination account. What does the Destination account signify? Choose the 2 that apply.

Bank account to be credited Bank account to be debited Cash account the money will be transferred "from" Cash account the money will be transferred "to"

3.

The Accept Transaction Start Date is set to June 1, 2007. Which of the following transactions would be included in the calculated Cash Manager balance after running the CA Integrity Check process? Choose the 2 that apply.

A check dated April 30, 2007 A deposit dated May 31, 2007 A check dated July 1, 2007 A check dated June 30, 2007

4.

What are Cash Flow items used for? Choose the 2 that apply.

Allow entry of potential cash items for reporting purposes. Allow entry of potential cash items that are used to create "what-if" scenarios for cash flow reporting. Provide a method of entering a transaction to balance a bank reconciliation. Provide a method of entering a transaction to balance Cash Manager with General Ledger.

5.

Which types of transactions can be entered in the Daily Cash Balances screen?

Disbursements only Receipts only Either Receipts or Disbursements Transactions cannot be entered in this screen

6.

Which of the following entry types would be set up as a Receipt? Choose the 2 that apply.

Reimbursement checks to employees that credits the accounts payable account and debits Entertainment expense. Bank service charges that credit the bank account and debit Service Charge expense. Interest on accounts that debits the bank account and credits Miscellaneous Income. Sale of an asset that debits the bank account and credits an asset.

7.

When is a Cash Manager account balance updated in the Cash Manager module?

When a batch from GL, AP, AR or CA is Saved When a batch from GL, AP, AR or CA is Released When the Posting process is run in General Ledger When the Posting process is run in Cash Manager

8.

How is the Adjusted Balance in the Bank Reconciliation screen calculated?

Statement balance, plus outstanding checks, minus deposits in transit Statement balance, plus deposits in transit, minus outstanding checks, minus the adjusted balance Statement balance, plus deposits in transit, minus outstanding checks, minus the General Ledgerbalance Statement balance, plus deposits in transit, minus outstanding checks

9.

What is the maximum number of Cash accounts that can be tracked in Cash Manager?

1 10 99 Unlimited

10.

How many cash accounts can be referenced in each batch in the Cash Account Transactions screen?

Only one. Two different bank accounts may be specified, one to debit and one to credit. A different bank account can be specified on each "transaction" line. Unlimited.

Microsoft SL 7.0 Financials Set 4

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Microsoft SL 7.0 Financials Set 4

Answer & Solution

Answer: Option B

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