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1. General Business Posting Groups are: Choose the 2 that apply.
A. Set up in the Financial Management area
B. Assigned to Vendor Cards
C. Assigned to Item Cards
D. Assigned to Resource Cards
Answer: AB

2. What is the effect of using the Insert Conv. LCY Rndg. Lines function in journals?
A. The function replaces all currency amounts in the journal with LCY amounts.
B. The function posts rounding differences to a currency residual account.
C. The function inserts a foreign currency journal line that ensures that the journal is balanced both in foreign currency and LCY.
D. The function inserts an LCY journal line that ensures that the journal is balanced both in foreign currency and LCY.
Answer: D
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