Processing a Bill Between Branches Requiring Balancing: Test Pool (ML-Generated)

  1. What is an interbranch bill? (Select all correct responses.)
    • A bill that involves multiple branches of a company for the purchase of goods or services from the specified vendor
    • A bill where separate accounting is used and balancing entries are generated for each branch involved
    • A bill that involves multiple vendors for the purchase of goods or services from a specified branch
    • A bill where separate accounting is used and no balancing entries are generated for each branch involved
    • A bill that involves multiple branches of a company for the sale of goods or services to a specified vendor
  2. Which branches do you need to specify when entering an interbranch bill on the Bills and Adjustments form for a company with branches requiring balancing? (Select all correct responses.)
    • The branch that incurs the expenses in each line of the bill
    • The originating branch for the bill on the Financial tab
    • The branch that receives the goods or services in each line of the bill
    • The branch that is responsible for approving the bill (on the Approvals tab)
    • The branch that is responsible for paying the bill (on the Applications tab)
  3. What does the system do when posting an interbranch transaction related to a bill between branches that need to be balanced?
    • Adds balancing entries to the batch according to the account mapping rules that have been specified in the system
    • Automatically generates a separate invoice for each branch involved in the transaction
    • Adjusts the expense amounts for each branch based on their individual budgets
  4. Suppose that you are creating an interbranch bill. Where does the system specify the AP account of the originating branch?
    • The AP Account box on the Financial tab of the Bills and Adjustments form
    • The AP Account column on the Details tab of the Bills and Adjustments form
    • The Offset Account column on the Transactions in the Originating Branch tab of the Inter-Branch Account Mapping form
    • The Offset Account column on the Transactions in the Destination Branch tab of the Inter-Branch Account Mapping form