State the purpose of bank services

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Question 1: What are transaction types used for in Bank Services?

Question 2: When you created the setup transaction type for each bank account, why was the bank account used as the offsetting account?

Question 3: What happens when you post a purchase invoice? What linked accounts are affected and how are they affected?

Question 4: Describe/define and state the purpose of Bank Services. Do you need Bank Services and is it possible to complete transaction without the Bank Services Module?

Reference no: EM132701847

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