Chapter 03 Financial Accounting Review Questions

Chapter 03 Financial Accounting Review Questions - Chapter...

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Chapter 03 Financial Accounting Review Questions 1) Which of the following are key organizational levels in Financial Accounting (MA) a) Company code b) Business Area c) Plant d) Purchasing Organization e) Chart of accounts 2) Which of the following statements are true regarding the chart of accounts (MA) a) A chart of accounts contains the definitions of all GL accts b) A chart of accounts can be country-specific c) A chart of accounts can only be assigned to one Company Code d) A chart of accounts determines, during document posting, if an acct is credited or debited 3) Which of the following statements is true regarding company codes? a) A company code uniquely identifies a business area b) A client can only have one company code c) The GL is managed at the company code level d) A company code can be assigned to multiple controlling areas e) The COA is maintained at the company code level 4) Which of the following is correct with regard to a FI posting for the following scenario: SSB received
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This note was uploaded on 04/05/2011 for the course MGT 351 taught by Professor Smith,w during the Winter '08 term at Grand Valley State.

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Chapter 03 Financial Accounting Review Questions - Chapter...

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