QWhich of the following functionalities in Finance helps companies cancel wrong deposits?
Question Info
Choose the Best Option
Click any option to instantly check if you're correct.
Explanation
✔️ You can use Cash and bank management to maintain the company’s bank accounts and the financial instruments that are associated with those bank accounts. Cancel payments allows you to reverse a deposit made to the bank.
❌ Use accounts receivable to track customer invoices and payments that you receive from customers.
❌Credit and collections managers can use this central view to manage collections. Collection agents can begin the collections process from customer lists that are generated by using predefined collection criteria, or from the Customers page.
❌ Use general ledger to define and manage the company’s financial records. The general ledger is a register of debit and credit entries. These entries are classified by using the accounts that are listed in a chart of accounts.
Share This Question
Challenge a friend or share with your study group.