ACCT 3322 Test 2 HW #3 Excel Project and SAP Transactions vs. HW #1 and #2

Which accounting entries uses automatic account assignment

Inventory accounts, Costs of Goods sold, Sales revenue, Goods receipt/invoice receipt, payables miscellaneous

accounts receivable (customer)

Subledger account with Reconciliation: miscellaneous accounts receivable

accounts payable (vendor)

Subledger account with Reconciliation: Payables - miscellaneous, payables – salaries and wages

Direct posting accounts

Bank account, advertising expense, rent expense, bad debt expense

Not direct posting accounts

miscellaneous A/R, Payables – miscellaneous, inventory, cost of goods sold, sales revenue