BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The assigned group account is already archived.
|
|
|
The Open item Management indicator is set in master data
|
|
|
The Mark for Deletion indicator is set in master data
|
|
|
The Blocked for Posting indicator is set in master data.
|
Detailed explanation-1: -Which information is checked by the system before a general ledger account k archived? The assigned group account is already archived.
Detailed explanation-2: -The chart of accounts contains information on all the different types of accounts that are used in an organization, including asset, liability, revenue, and expense accounts. These accounts form the basis for tracking financial data such as income, expenses, assets, and liabilities over time.
Detailed explanation-3: -How To create a New General Ledger Account. Step 1) Enter Transaction FS00 into the SAP command prompt, click execute. Enter G/L Account no. Click Create.
Detailed explanation-4: -It can be activated or deactivated if the general ledger accounts have a zero balance. Open item management can be used for all the general ledger account created in SAP but you need to have open item management functionality for specific general ledger accounts like; Bank Clearing Account. GR/IR Clearing Account.