What is the purpose of an account structure?

The correct answer is B. To define the valid main account and financial dimension combinations. A relational chart of accounts uses an account structure that requires that you set up valid accounts and financial dimension values, and then set up rules to specify how the accounts and dimensions will come together to create account structures. Setting up valid combinations…

Set up and Configure the General Ledger

Question

Options

ATo assign a default offset account to a main account
BTo define the valid main account and financial dimension combinations
CTo classify and group main accounts for analysis purposes
DTo control how transactions are sorted and fields are printed on reports

How the community answered

(58 responses)

A
9% (5)
B
71% (41)
C
17% (10)
D
3% (2)

Explanation

A relational chart of accounts uses an account structure that requires that you set up valid accounts and financial dimension values, and then set up rules to specify how the accounts and dimensions will come together to create account structures. Setting up valid combinations helps make sure that data entry is accurate.

Topics

#account structure#financial dimensions#main accounts#dimension combinations

Community Discussion

No community discussion yet for this question.

Full MB6-702 Practice