BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The account is a profit-and-loss account that must be open item managed.
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The account is created for all active company codes of the client.
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The account is a reconciliation balance sheet account for fixed assets.
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The account is assigned in the asset account determination for each valid depredation area.
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Detailed explanation-1: -Which prerequisite must be met by the technical clearing account for integrated asset acquisition? AThe account is a reconciliation balance sheet account for fixed assets.
Detailed explanation-2: -The technical clearing account needs to be defined as Reconciliation for Asset and due to the operational and valuating part of the posting, for each accounting principle in the Chart of Depreciation the balance in this account would be zero.
Detailed explanation-3: -Technical Clearing Account System divides the business transaction into an operational part and a valuating part. For the operational part (vendor invoice), the system posts a document valid for all accounting principles against the technical clearing account for integrated asset acquisitions.
Detailed explanation-4: -Acquisition Clearing Account: an intermediate account that used to post all assets purchasing transactions before transferring them to their actual accounts.