The First Step in Setting Up Company Files to Allow

question 2

Multiple Choice

The first step in setting up company files to allow foreign currency sales and purchases is -

• A) allow foreign currency transactions in the ledger record for the bank account
• B) allow transactions in a foreign currency from the setup menu
• C) change the currency setting in the supplier's ledger
• D) enter an exchange rate for the session date

---

Definitions:

Department Manager

An individual who is responsible for overseeing the operations and personnel of a specific department within an organization.

Merchandise Needs

The requirements for goods and products a business needs to buy for resale or for operational purposes.

Vendor

A person or business that provides products or services to another party, often as part of a supply chain.