Check your knowledge

Answer the following questions to see what you've learned

1.

Which of the following system accounts is not a required system account?

2.

Which task is not completed from the chart of accounts in Finance?

3.

Which one of the following account types is used for budgetary control?

4.

You plan to transfer the balances to the Closing sheet forms during the closing process. Which of the following values should you select to update operating accounts?