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C_TB1300_07 · Question #15

When you enter opening balances for business partners, what must you consider?

The correct answer is A. You must create the business partner master data before you enter the opening balances. B. You must post all the business partner transactions before you enter the business partner C. You must create an offsetting G/L account for posting the opening balances. D. After you enter the opening balances, you need to enter the total A/R receivables amount in E. The system cannot correctly determine outstanding aging or debts after you post the opening. See the full explanation below for the reasoning.

Question

When you enter opening balances for business partners, what must you consider?

Options

  • AYou must create the business partner master data before you enter the opening balances.
  • BYou must post all the business partner transactions before you enter the business partner
  • CYou must create an offsetting G/L account for posting the opening balances.
  • DAfter you enter the opening balances, you need to enter the total A/R receivables amount in
  • EThe system cannot correctly determine outstanding aging or debts after you post the opening

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