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1.Select three statements that are ture regarding the clearing account.(choose three)
A. An asset clearing account can also be used as a project clearing account.
B. You can have a maximm of one asset clearing account per asset category.
C. For each payables document you create,you can have a separate cash clearing account.
D. You can use Cash in Transit report in cash management only if cash clearing account and cash
account are separate.
E. You use a separate cash account and cash acount to have visibility of the Cash in Transit on the
balance sheet.
Answer: B,C,E
2.In the Multi-Org model,which organization type is the highest level that impacts acounting?
A. Ledger
B. Operating Unit
C. Business Group
D. GRE/Legal Entity
D. Inventory Organization
Answer: A
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