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C_TERP10_67 · Question #53

What you don't need to consider when creating chart of accounts in financial accounting? Please choose the correct answer.

The correct answer is D. Accounts are first defined at the company code level and then assigned to the chart ofaccounts. See the full explanation below for the reasoning.

Question

What you don't need to consider when creating chart of accounts in financial accounting? Please choose the correct answer.

Options

  • AA company code has only one operating chart of accounts.
  • BChart of accounts data in a general ledger master record is defined at the companycode level.
  • CMany company codes can use the same operating chart of accounts.
  • DAccounts are first defined at the company code level and then assigned to the chart ofaccounts.

How the community answered

(28 responses)
  • A
    4% (1)
  • B
    14% (4)
  • C
    4% (1)
  • D
    79% (22)

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