Banking

What are the features that you should enable before creating transactions in banking?

• Credit card payments

• ACH vendor payments

• Charge-based Billing

• Electronic funds transfers

• Payment Instruments

What are the two types of bank transfer?

• Two bank accounts

• Two bank accounts with same currency

• Two bank accounts with foreign currencies

• Base currency to any foreign currency

What GL account is cleared when Make Deposits transaction is used?

• Customer Deposits

• Assets Account

• Undeposited Funds

• ACH Vendor Payment

What are the transactions that you can record as fund deposit?

• Cash

• Check

• Electronic Credit

• Credit Card

• Debit Card

What type of account is Petty Cash?

• Expense Account

• Check

• Credit Card Account

• Bank Account

How many Star Wars movies are there (not including spin-offs like Rogue One: A Star Wars Story and Solo)?

• 6

• 9

• 12

• 15

This report lists the reconciled and unreconciled items from a bank account.

• Bank Register Report

• Reconciliation Detail Report

• Reconciliation Summary Report

• Reconciliation History Report

ACH processing enables you to do the following except:

• Pay employees by depositing money directly into their bank accounts

• Accept electronic payments from your customers

• Generate check verification

• Send electronic payments to your vendors

TRUE or FALSE: You can save your bank reconciliation to work on later.

• TRUE

• FALSE

Shows the statement date, bank account, statement balance, amount reconciled for the statement, previous reconciled balance and any differences.

• Bank Register Report

• Reconciliation Detail Report

• Reconciliation Summary Report

• Reconciliation History Report