Interbranch Bills Without Balancing: Test Pool (ML-Generated)

  1. In what type of companies can a user enter bills without additional balancing entries being generated? (Select one response.)
    • Companies with multiple branches and the With Branches Not Requiring Balancing type
    • Companies with a single branch
    • Companies with multiple branches and the With Branches Requiring Balancing type
  2. Suppose that you are creating an interbranch bill for a company with branches that do not require balancing. What do you need to specify for each line of the bill on the Details tab of the Bills and Adjustments form?
    • The branch that incurs the expenses
    • The branch from which the bill originates
    • The vendor from which the goods or services are purchased
    • The date on which the bill is entered
  3. In what cases do users need to create an interbranch bill on the Bills and Adjustments form? (Select all correct responses.)
    • The company purchases goods and services for its multiple branches.
    • One company branch purchases goods and services for another branch.
    • The company purchases goods and services for its only branch.
  4. Suppose that the company has the With Branches Not Requiring Balancing type. What accounts are involved in a transaction posted to the general ledger when an interbranch bill is released? (Select all correct responses.)
    • The AP account of the originating branch
    • The expense account specified for each line of the bill
    • The AP account of the destination branch
    • The revenue account specified for each line of the bill
    • The inventory account of the originating branch