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GFEBS L412E Journal Entries Processing and Approval Exam Practice Questions and Answers $9.99   Add to cart

Exam (elaborations)

GFEBS L412E Journal Entries Processing and Approval Exam Practice Questions and Answers

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  • GFEBS

GFEBS L412E Journal Entries Processing and Approval Exam Practice Questions and Answers A document date is the date on which the original document was issued and the date on which the document is posted/saved to the system - Correct Answer️️ -TRUE A JV is created when it is necessary to ma...

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  • September 25, 2024
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  • 2024/2025
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  • GFEBS
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
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FIRST PUBLISHED: SEPTEMBER 2024

GFEBS L412E Journal Entries
Processing and Approval Exam Practice
Questions and Answers

A document date is the date on which the original document was issued and the date on

which the document is posted/saved to the system - Correct Answer✔️✔️-TRUE


A JV is created when it is necessary to make a current period adjustment during the

Period-End or Year-End Close activities. - Correct Answer✔️✔️-True

It is the responsibility of the Journal Voucher Reviewer to - Correct Answer✔️✔️-All of the

Above

A JV process provides more control over posting JVs and reduces the frequency and

types of transactions that will need to be adjusted and corrected during periodic

processing. - Correct Answer✔️✔️-True

A JV can be parked during input if completion is delayed or if additional information is

required before you can complete the document - Correct Answer✔️✔️-True

To reverse a JV that was posted previously to GFEBS, it is first necessary to make a

request for reversal. - Correct Answer✔️✔️-True

In which instance(s) would the Journal Voucher Approver reject a JV? - Correct

Answer✔️✔️-Both if funding is unavailable and if the JV is not reasonable or necessary


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