Check your knowledge

1.

Which breakdown account types can you use with variable allocation accounts?

G/L Account, Bank Account, Dimension

G/L Account, Bank Account, Statistical Account

G/L Account, Statistical Account, Dimension

G/L Account, Statistical Account, Item

2.

You created an allocation account with Inherit from parent as the destination account type. How can you use this allocation account in a purchase invoice?

In the Type field on the purchase line, select Allocation Account, and in the No. field, select the allocation account that’s set up with Inherit from parent.

In the Type field on the purchase line, select Allocation Account and then leave the No. field blank. In the Allocation Account No. field, select the allocation account that’s set up with Inherit from parent.

In the Type field on the purchase line, select G/L Account, and in the No. field, select the G/L account that you want to allocate. In the Allocation Account No. field, select the allocation account that’s set up with Inherit from parent.

In the Type field on the purchase line, select Allocation Account, and in the No. field, select the allocation account that’s set up with Inherit from parent. In the Allocate to field, select the G/L account that you want to post the allocation to.

3.

In which of the following journals can you use allocation accounts?

Job journal

Item journal

Fixed asset journal

Recurring general journal

Answer the following questions to see what you learned.

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