Select three statements that are true regarding the clearing account

Select three statements that are true regarding the clearing account. (Choose three.)

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.



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