Processing Recurring Transactions: Test Pool (ML-Generated)

  1. What is the purpose of creating schedules for recurring transactions?
    • To automate the entry of these transactions
    • To track the payment history of these transactions
    • To track and manage account balances and limits
    • To recalculate account balances
  2. On which form do you create a recurring batch for journal transactions and add it to the schedule?
    • Journal Transactions
    • Recurring Transactions
    • Manage Financial Periods
    • Post Transactions
  3. What options are available for specifying the frequency of a recurring schedule? (Select all correct responses.)
    • Daily: The batches should be generated daily or every x days.
    • Weekly: The batches should be generated on specific days of the week each week or every x weeks.
    • Hourly: The batches should be generated every hour or every x hours.
    • Yearly: The batches should be generated once per year or every x years on a specific day of the year.
    • By Transaction: The batches should be generated only once per transaction or every x transactions.
  4. On which form do you create a schedule for recurring transactions?
    • Recurring Transactions
    • Reclassify Transactions
    • Release Transactions
    • Post Transactions
  5. What type of batches can be scheduled? (Select all correct responses.)
    • Normal
    • Balanced
    • Reversing
    • Reclassification
    • Recurring
  6. What status is assigned to a batch with the Balanced status after the batch has been added to a schedule?
    • Scheduled
    • Completed
    • Open
    • Pending
  7. What form do you use to run multiple schedules for recurring transactions?
    • Generate Recurring Transactions
    • Journal Transactions
    • Recurring Transactions
    • General Ledger Preferences
  8. Suppose that a user has run a schedule to generate recurring transactions. What is the status of the generated batches?
    • Balanced
    • Open
    • On Hold
    • Posted
  9. On which form can you find the list of batches generated for a particular schedule?
    • Recurring Transactions
    • GL Recurring Transactions
    • GL Recurring Transactions Detailed
    • Journal Transactions