GFEBS L412E Journal Entries Processing and Approval Exam Practice Questions and Answers
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Course
GFEBS
Institution
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...
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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