Microsoft SL 7.0 Installation and Configuration Set 1

What occurs in the system when General Ledger is closed for a period and the Delete Detail box is checked? Choose the 2 that apply.

Which Allocation Method is used to allocate office supplies posted to an administrative account to each department based on the amount of office supply expense in each departmental subaccount?

Which of the following functions would save data entry time if a user inputs a similar journal entry each month?

General Ledger transaction and account history detail is being retained for one year. General Ledger was closed for the year in period 12-2005 and the Delete Detail option was checked. Which of the following functions may still be performed? Choose the 3 that apply.

What determines the fiscal period for posting a transaction?

Which of the following functions can be accomplished in the General Ledger Closing screen? Choose the 3 that apply.

The option "Edit only in Init Mode" is checked in GL Setup. How do you edit a General Ledger batch that is "Released" but not "Posted"?

How do you change the Default Ledger ID specified in the GL Setup screen?

In Flexkey Definition, the "Validate" option for each segment is not checked and the "Valid Combos Required" option is not checked. Which will occur during maintenance and data entry? Choose the 2 that apply.

A batch was posted to period 03-2007 and should have been posted to period 02-2007. Which steps are required to correct the situation? Choose the 2 that apply.