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C_TFIN52_67 · Question #160

Which of the following statements are true? There are 3 correct answers to this question. Response:

The correct answer is A. The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for B. The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are D. You can use a group chart of accounts for internal purposes. See the full explanation below for the reasoning.

Question

Which of the following statements are true? There are 3 correct answers to this question. Response:

Options

  • AThe "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for
  • BThe "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are
  • CAccounts with a foreign currency as an account currency can be posted to any currency.
  • DYou can use a group chart of accounts for internal purposes.
  • EThe usage of a financial statement version for the group chart of accounts is optional.

How the community answered

(32 responses)
  • A
    69% (22)
  • C
    9% (3)
  • E
    22% (7)

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