A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee`s pay. Transactions for new employees must be recognized in the general ledger based upon the employee`s first pay date. You need to configure accrual schemes for the new fiscal year. Which two configurations should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. 

Answer options:

A. For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
B. For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee`s first pay date.
C. For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee`s first pay date.
D. For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.

BD