What are the three valid statements related to third-party control accounts that have the type Customer?

What are the three valid statements related to third-party control accounts that have the type
Customer?

What are the three valid statements related to third-party control accounts that have the type
Customer?

A.
The subledger journal entry lines that use this account MUST have customer information.

B.
When the third party control account is assigned to a journal line, information such as name and
site MUST be provided.

C.
The subledger Journal entry lines that use this account need not have customer information

D.
The customer sub ledger third-party balances will be updated when Journal is completed to Final
Status.

E.
The customer subledger third party balances will be updated when Journal is completed to Draft
Status.

Explanation:
If third party control accounts are enabled for the application, and the account entered is a third
party control account, you must enter third party information in the journal entry.
Scenario
For example, if an account is defined as a third party control account with a type of Supplier, then
the subledger journal entry lines which use that account must include supplier information. When a

valid third party control account is assigned to a journal line, you are required to provide third party
information, such as name and site.
Submit the Third Party Balances Report to display subledger balance and account activity
information for suppliers and customers. The Customer or Supplier subledger third party balances
will be updated when the journal is completed to a Final status.

Fusion Applications Help, Validating a Third Party Control Account: Examples



Leave a Reply 0

Your email address will not be published.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