Question
(1) What is the purpose of an allocation account? What information is to be entered on the allocation tab of the account form? What percentage
(1) What is the purpose of an allocation account?
What information is to be entered on the allocation tab of the account form?
What percentage of the account must be allocated?
(2) How is a new batch created?
3) What do you have to do before using the “post a batch” icon?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Account allocation is the link or association between a transaction or credit note to an invoice If you create standalone credit notes or payments on ...
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Step: 2
Step: 3
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
