Question

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that?

a) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
b) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.

Answer 1

The two options that explain why you are not able to use an Account Rule in a Journal Entry Rule Set are different charts of accounts and different event classes assigned to sources.

Step-by-step explanation:

The two options that explain why you are not able to use an Account Rule in a Journal Entry Rule Set are:

1. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
2. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.

The chart of accounts determines the categorization of accounts used in financial reporting, and if the Account Rule and Journal Entry Rule Set have different charts of accounts, they cannot be used together.

Similarly, if the Account Rule and Journal Entry Rule Set have different event classes assigned to their sources, they cannot be combined.