Misc Income Ledgers and FAS Quiz
Quiz by Enrique Barte
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- Q1
A __________ refers to the process of removing certain charges from a resident's ledger, typically because they are deemed uncollectible.
FAS
write off
Charge
Misc income ledger
30s - Q2
A ________________ is used to manage property income that does not pertain to individual residents.
Misc income ledger
Fees and Additional Deposits
Prospect Ledger
30s - Q3
When closing final account statements, it is always automatic for delinquent balance to be written off?
falsetrueTrue or False30s - Q4
What is a possible reason why charges are not written off after closing FAS?
The pending balance is a late charge which can't be written off.
The charge is associated to a different subjournal.
Write off code was not set up.
30s - Q5
What is the correct process in removing a delinquent balance from the Online Application fee ledger under Misc income ledgers.
Enable to prospect ledger and add the charge transaction from the prospect ledger where the payment is associated.
Reverse the payment directly.
Add a charge transaction code with the same amount under the Online Application fee ledger.
30s - Q6
What article should we use if a client is unable to undo FAS due to a warning that says "A partial payment has been issued"? Sample answer format: 000748774
Users enter free textType an Answer30s - Q7
What article should we use if a client needs help in enabling automatic write offs when FAS is closed? Sample answer format : 000712605
Users enter free textType an Answer30s