COST ACCOUNTING
COST MANAGEMENT SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The accounting method holds the accounting rules by Event Class and Event Type.
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The journal lines hold the journal entry rule sets.
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The accounting method groups journal entry rule sets by Event Class and Event Type.
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Journal entry rules are used to hold accounting rules.
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Journal entry rule sets hold journal rules and accounting rules.
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Detailed explanation-1: -A journal line rule can be used in a subledger journal entry rule set that has the same event class. You may also assign conditions to the journal line rule.
Detailed explanation-2: -The Subledger Accounting program uses the business flow class to identify the journal entry line in the initial stage of the business flow from which current journal entries copy certain journal entry values.
Detailed explanation-3: -Subledger journal entry rule sets provide the definition for generating a complete journal entry for an accounting event. Select the option to define the subledger journal entry rule set for a particular accounting event class or accounting event type.
Detailed explanation-4: -Validation Rules Y or NULL-Subledger journal will be transferred to GL. N-Subledger journals won’t be transferred to GL.