An accountant needs to record a household payment on a monthly basis. Every month, the payment amount as well as the petty cash and the expense accounts are the same in the journal entry. What is the best practice to achieve this?

• A.Use recurring postings.
• B.Use posting templates.
• C.Use journal vouchers.
• D.Use recurring invoices.

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What tools are available to personalize documents by hiding or showing standard fields? Note: There are 2 correct Answers to this question.

• A.Form Settings
• B.Document Settings
• C.Edit Form UI
• D.User-defined values

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A company uses perpetual inventory and produces items In-house that are controlled by the standard cost valuation method The standard cost value is set to 20 During the past month, the actual cost to produce this item increased to 25 due to labor costs.
What is the effect on accounting and inventory each time thisitem is produced? Note: There are 2 correct answers to this question.

• A.The cost difference 5 is posted to a variance account.
• B.The cost of goods sold for the item will be set at 25.
• C.The cost of 25 is posted to the stock account.
• D.A cost of 20 isposted to the stock account.

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A user creates an incoming payment for a customer and selects two invoices to be paid. When the user tries to post the payment the system message that is shown in the attached screenshot appears. What are possible reasons for this system message? Note: There are 2 correct Answers to this question.

• A.The user did NOT choose a payment means.
• B.The customer uses a foreign currency and the exchange rate is NOT set up.
• C.The invoices are NOT due yet.
• D.The amount in the Payment Means window does NOT match the total amount of invoices.

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A company wantsto be able to restart order numbers at 001 at the beginning of each fiscal year.
How can the company set this up?

• A.Use a prefix indicating the year in the numbering series
• B.Use a suffix to identify theyear in the numbering series
• C.Use a period indicator in the numbering series
• D.Use a manual document numbering series

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