Infor Exam M3-123 Topic 1 Question 21 Discussion

Actual exam question for Infor's M3-123 exam

Question #: 21
Topic #: 1

Which two of the following describe account groups in Infor M3? (Choose two.)

AAccount group levels determine the order in which accounts within an account group are listed on an income statement of income or balance sheet.

BAccount groups are defined at the division level but not the company level.

CEach account group must be defined as included in the statement of account or the balance sheet.

DSix levels of account groups exist.

Show Suggested Answer

Suggested Answer: B

by Helene at Mar 10, 2024, 09:55 AM

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Roslyn

1 days ago

I'm not sure about B and D. I think they are not relevant to account groups in Infor M3.

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Maurine

3 days ago

I agree with Chauncey. Account group levels determine the order and each account group must be defined in the statement.

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Hobert

5 days ago

I'm confused about the number of levels, though. I thought there were more than six, but I could be wrong. Guess I'll have to double-check that one.

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Bettyann

6 days ago

I'm pretty sure the answer is A and C. Account groups determine the order of accounts on financial statements, and they need to be defined for inclusion in those statements.

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Chauncey

7 days ago

I think A and C are the correct options.

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