Question

Which activities are supported by the regrouping program of receivables and payables?

Note: There are 2 correct answers to this question.

1) Regrouping and clearing open items for affiliated companies on customers and vendors
2) Grouping receivables and payables by their remaining life
3) Regrouping of receivables and payables to accrual earnings or expense
4) Regrouping open items based on changed reconciliation accounts

Answer 1

The regrouping program of receivables and payables supports activities such as regrouping and clearing open items for affiliated companies, and grouping receivables and payables by their remaining life.

Step-by-step explanation:

The activities supported by the regrouping program of receivables and payables can include:

1. Regrouping and clearing open items for affiliated companies on customers and vendors.
2. Grouping receivables and payables by their remaining life.

These activities help organizations manage their financial transactions more efficiently and provide accurate financial reporting.