Joe is the controller of ABC.com, your client. He is anxious to see you demonstrate the basic
functionality of General Ledger with a set of books that somewhat reflects his company’s
business. Tell him the minimum four pieces of information you need from him, to create a set
of books for your demonstration. (Choose four.)
A.
number of accounting periods
B.
accounting calendar with periods and fiscal year end
C.
currencies that his company has transactions in
D.
currency conversion rates
E.
suspense account
G.
retained earnings account
intercompany account
G.
retained earnings account
intercompany account
H.
company organization structure for Chart of Accounts
I.
encumbrance account
J.
the base (functional) currency of his company
A. number of accounting periods
B. accounting calendar with periods and fiscal year end
C. currencies that his company has transactions in
D. currency conversion rates
E. suspense account
F. retained earnings account
G. intercompany account
H. company organization structure for Chart of Accounts
I. encumbrance account
J. the base (functional) currency of his company
Answer: B,F,H,J
B, f, H& j