An organization posts project costs to the balance sheet as they are incurred. Each month they
recognize project revenue on each project.
Select the option that ensures that costs are credited from the balance sheet and debited to profit
and loss as revenue is recognized.
A.
Use events for project revenue and use GL journals to carry outthe relevant account postings.
B.
Implement a projectrevenue extensionwithappropriate event types and
AutoAccountingdefinition.
C.
Usemiscellaneoustransactions to generate revenue with the appropriate
AutoAccountingdefinition.
D.
Use preapproved batches with a class type of “Work in Process” to generate revenue withthe
appropriate AutoAccounting definition.