As the linked bank account for foreign and home currency transactions,you can select -
A)any asset account,except accounts receivable
B)any account that is listed in the Banking module window account list
C)any foreign currency bank class account
D)any home currency bank class account

Question

Quizplus · Accepted Answer

The best choice is any home currency bank class account because it will allow for transactions in both foreign and home currency, while also ensuring that all transactions are recorded in the home currency. Choosing any foreign currency bank class account may result in complications with currency conversion and calculations. Choosing an asset account may not be appropriate for banking transactions, and choosing an account listed in the Banking module window account list may not necessarily be a bank class account.

As the Linked Bank Account for Foreign and Home Currency