To Reconcile a Credit Card Receivable Account You Must -

question 21

Multiple Choice

To reconcile a credit card receivable account you must -

• A)assign the Bank class to the receivable account
• B)choose to save transactions for account reconciliation in the ledger record for the account
• C)use the credit card processing option in the sales journal
• D)you cannot use account reconciliation for credit card accounts

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Definitions:

Norms

Shared beliefs or standards that dictate the expected and acceptable behavior within a particular group or society.

Violated

Violated refers to the act of breaking or failing to comply with a rule, law, agreement, or expectation.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Mores

are the accepted traditional customs, moral attitudes, or manners of a particular social group, which guide behaviors and can distinguish right from wrong.