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Which type of posting group is used to identify income statement accounts for each subsidiary or supporting ledger?
All posting groups
Specific posting groups
General posting groups
VAT posting groups
Which statement on posting groups is correct?
A general product posting group must be assigned to each G/L account.
It is not possible to set up the combination of a blank general business posting group with a general product posting group on the General Posting Setup page.
It is possible to set up different income statement accounts for sales invoices and sales credit memos on the General Posting Setup page without creating different posting groups.
A new vendor posting group can be set up by copying from an existing vendor posting group.
Where should you enter the cost of goods sold (COGS) account that you want Business Central to use when selling items?
On the General Posting Setup page
On the Inventory Posting Setup page
On the Customer Posting Groups page
On the item card
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