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C_TS4FI_2021 · Question #64

A general ledger account is defined with the account type "Nonoperating Expense or Income" Where can this account be used?

The correct answer is C. Profit and loss account that is used in overhead management accounting. See the full explanation below for the reasoning.

Question

A general ledger account is defined with the account type "Nonoperating Expense or Income" Where can this account be used?

Options

  • AProfit and loss account that is used in margin analysis
  • BProfit and loss account that is used in margin analysis and profit center accounting
  • CProfit and loss account that is used in overhead management accounting
  • DProfit and loss account that is used in profit center accounting

How the community answered

(30 responses)
  • A
    20% (6)
  • B
    7% (2)
  • C
    70% (21)
  • D
    3% (1)

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Full C_TS4FI_2021 Practice