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C_TERP10_66 · Question #158

What do you have to consider when creating chart of accounts in financial accounting? Note: There are three (3) correct answers to this question.

The correct answer is B. A company code has only one operating chart of accounts. D. Many company codes can use the same operating chart of accounts. E. A company code can also have a country-specific chart of accounts. See the full explanation below for the reasoning.

Question

What do you have to consider when creating chart of accounts in financial accounting? Note:

There are three (3) correct answers to this question.

Options

  • AAccounts are first defined at the company code level and then assigned to the chart of accounts.
  • BA company code has only one operating chart of accounts.
  • CChart of accounts data in a general ledger master record is defined at the company code level.
  • DMany company codes can use the same operating chart of accounts.
  • EA company code can also have a country-specific chart of accounts

How the community answered

(31 responses)
  • A
    13% (4)
  • B
    81% (25)
  • C
    6% (2)

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