Accredited ACH Professional (AAP) Practice Exam

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Prepare for the Accredited ACH Professional (AAP) Exam with tailored questions and study materials to enhance your understanding of ACH transactions and operations. Test your skills and readiness for this important certification!

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What does the ANSI ASC X12.520 transaction set cover?

Income or Asset Offset
Payment Order/Remittance Advice
Health Care Payments
No relevant transaction set

The correct answer is: No relevant transaction set

The ANSI ASC X12.520 transaction set is not a recognized standard in the ANSI X12 suite, which is designed for electronic data interchange (EDI) standards. To clarify, options that are associated with widely accepted transaction sets include the Payment Order/Remittance Advice and Health Care Payments, which are covered in other transaction sets such as the 820 and 835, respectively. Since the X12.520 does not correspond to any recognized transaction set, confirming that there is no relevant transaction set is the only accurate response among the choices presented. Understanding the specific transaction sets within the ANSI X12 standards is crucial for accurate electronic transaction processing.