Select three statements that are true 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 maximum 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 clearing account and cash account to have visibility of the Cash in
Transit on the balance sheet.
Explanation: