Check your knowledge

Answer the following questions to see what you've learned

Which one of the following journal types creates a file that can be sent to your organization's bank?

Customer bank remittance

Bank check reversal

Allocation

Which of the following best describes one of the benefits of the chart of accounts in Finance?

A chart of accounts can be used for no more than one legal entity.

A chart of accounts can be used for only one division of a legal entity.

A chart of accounts can be used for multiple legal entities in an organization.

Which one of the following reports has an option to show transactions by day, account, dimension and period?

Dimension statement.

Posted transactions by journal.

On the Main accounts page, in the Main account type list, select Profit and Loss.

You must answer all questions before checking your work.