In SAP FI, a G/L Account can be the following EXCEPT ?
(only one answer)
A) P&L statement account.
B) Balance Sheet account.
C) Both P&L and Balance Sheet account.
D) Allow both Input Tax and Output Tax.
E) Assign to a Commitment item for Budgeting Purpose.
.
.
(only one answer)
A) P&L statement account.
B) Balance Sheet account.
C) Both P&L and Balance Sheet account.
D) Allow both Input Tax and Output Tax.
E) Assign to a Commitment item for Budgeting Purpose.
.
.
Answer: C
ReplyDeleteA, B, C) In FS00 in the Type/Description folder, you can see a radio button selection for a G/L account to be only either P&L account or Balance Sheet account. Plus, it is not logical for a G/L account to be both in Accounting Principles.
ReplyDeleteD) In FS00 in the Control Data folder, the tax category entry allows you to decide if both or either the Input Tax (Purchasing) and Output Tax (Sales) can be posted for the G/L account. In addition, there is an indicator to set allowance of posting without tax.
ReplyDeleteE) In FS00 in the Create/Bank/Interest folder, you can enter a Commitment Item, Commitment item is used for Commitment Accounting and Budgeting.
ReplyDelete