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How do process transactions in the company module

Assignment Help Financial Accounting
Reference no: EM132972959

Problem 1) How do you process transactions in the Company Module?

a) Enter the data in a Journal (it must have equal debits and credits)

b) View the entry to make sure it is correct

c) When the entry is correct , click the post icon and automatically will be posted

d) All of the above

Problem 2) The firm's year-end is on December 31, 2024. You received on January 22, 2024 a bank debit memo dated January 20,2024, for service charges on the bank account

a) The session date should be January 22,2024

b) The session date Should be January 20,2024

c) The transaction date should be January 20,2024

d) a and c are correct

Reference no: EM132972959

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