Which five statements are true about the elements required for a set of books?

Which five statements are true about the elements required for a set of books? (Choose five.)
A. The same segment security rules apply to all segments that use the same value sets and have security enabled, although you can choose to assign the security rules to specific responsibilities.
B. Multiple chart of accounts structures can share the same value sets.
C. It is technically possible to use the same balancing segment value in multiple sets of books.
D. Each set of books must have its own unique accounting calendar defined.
E. Period Type Calendar results in fiscal year being used in the system name of accounting periods.
F. General Ledger converts amounts in a foreign currency to functional currency by using Corporate rate type only.
G. Adjusting periods are used for journal entries originating in General Ledger only.
H. Enable the appropriate functional currency before you define a set of books.

Download Printable PDF. VALID exam to help you PASS.

Leave a Reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.