Check your knowledge

1.

On a recurring general journal, which recurring method must use allocations?

Variable

Fixed

Reversing Fixed

Balance

2.

What happens when you try to post a recurring journal line with a posting date in the future?

The line will post, just as any other journal line, with a posting date in the future.

The line will post, but a warning message is displayed.

The line won't post.

The line is automatically copied to a new journal batch with the posting date used as the Name of the line.

3.

When should you use the Variable recurring method?

When posting dates have a variable recurring frequency

When G/L accounts are variable over different periods

When the amount is variable over different periods

When the recurring journal line has a variable allocation key

Answer the following questions to see what you've learned.