Page 38 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)
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Check Your Understanding


                       1.  What is used to enter transactions that need to be reflected in the financial
                          statements but do not flow naturally from other input and posting screens?
                              a)  AP Invoices
                              b)  GL Journal Entries
                              c)  AR Payments

                       2.  What is required in order for a Journal entry to be submitted?
                              a)  Attachments
                              b)  Description
                              c)  Totals of Debits = Credits

                       3.  Which posting process will post the revenue, expenses, and related Due-
                          From and Due-To transactions from the borrowing and lending of labor and
                          expenses on projects?
                              a)  Intercompany Post
                              b)  Fixed Assets Post
                              c)  Cost Pool Post




                          Refer to Appendix A for answers to the Check Your Understanding questions

































               LESSON 4: GENERAL LEDGER
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