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C_TS4FI_2020 · Question #59

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed. What account does the system…

The correct answer is C. Adjustment account for foreign currency. See the full explanation below for the reasoning.

Question

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed. What account does the system use to post the valuation differences?

Options

  • ASupplier reconciliation GL account
  • BStatistical FOREX noted item account
  • CAdjustment account for foreign currency
  • DIndividual supplier accounts with special GL indicator

How the community answered

(27 responses)
  • A
    11% (3)
  • B
    4% (1)
  • C
    81% (22)
  • D
    4% (1)

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Full C_TS4FI_2020 Practice