Which Master Data can be maintained on Contract Accounts? Note: There are 2 correct answers to this question.

Question

Options

• AAddress Data
• BPayment Term and Payment Method
• CDunning Procedure
• DBank and Credit Card Data

• A
  4% (1)
• B
  92% (23)
• D
  4% (1)

Explanation

In SAP FI-CA (Contract Accounting), the Contract Account is designed to control billing and collection behavior, so Payment Terms/Payment Method (B) and Dunning Procedure (C) belong there - they define how and when a customer pays and how overdue items are pursued, both of which can vary per contract account even for the same business partner.

Address Data (A) is wrong because addresses are maintained at the Business Partner level, not the contract account. The contract account inherits or references the BP's address rather than storing its own.

Bank and Credit Card Data (D) is also wrong - these are stored at the Business Partner level as well (under payment data/bank details), since they represent the customer's actual financial instruments, not account-level billing rules.

Memory tip: Think of the Contract Account as holding rules for how to collect money (dunning = chase it, payment method/terms = receive it), while the Business Partner holds who the person is (address, bank details). If it answers "how do we collect?" → Contract Account. If it answers "who are they or how do they pay?" → Business Partner.

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