(1) What is the purpose of an allocation account? What information is to be entered on the...

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(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?

Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: May 01, 2021 08:00 PM

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(1) What is the purpose of an allocation account? What information is to be entered on the...

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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 ... View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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