Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness In the U.S. The majority of the trucks are owned; however, In some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the Internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?

• A. One primary, one repotting currency ledger
• B. One primary ledger
• C. One primary, one secondary ledger
• D. Two primary ledgers

What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?

• A. Source System and Line Information
• B. Source System and Transaction Information
• C. Source System, Transaction Information, and Line Information
• D. Source System

What is the required date format used to import accounting transactions to Accounting Hub Cloud?

• A. YYYY-MM-DD
• B. MM-DD-YYYY
• C. The user can customize the date format
• D. DD-MON-YYYY

'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

• A. Deferral and Recognition
• B. Reversal and Recognition
• C. Offsets and Recognition
• D. Multiperiod and Recognition

While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

• A. The account rule does not return any valid account value.
• B. The account rule is defined with conditions that are not allowing the assignment.
• C. The account rule is defined with a different chart of accounts from the journal entry rule set.
• D. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.