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NEW QUESTION: 1
A. Option B
B. Option D
C. Option A
D. Option C
Answer: D
NEW QUESTION: 2
You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit.
How can you deal with this? (Choose two)
A. Post the difference as a residual item.
B. Split the received payment to fall below the tolerance limit.
C. Post the difference to an account assigned to a reason code.
D. Increase the tolerance limit manually while posting the document.
Answer: A,C
NEW QUESTION: 3
DRAG DROP
Answer:
Explanation:
NEW QUESTION: 4
Hospitals document reserves as that portion of the accounts receivables that they hope to collect but have some doubt about its collectability. Rather than book these amounts as income, hospitals will
"____________" These amounts until paid.
A. Bad debts
B. Income expense
C. Reserve
D. All (Allowance for loans and lease losses)
Answer: C