Which account assignments are possible when using the general ledger?
Note: There are 3 correct answers to this question.
According to the SAP Business ByDesign Help Center, when using the general ledger, the following account assignments are possible:
1. G/L Account: The general ledger account is used to record financial transactions and is assigned to each journal entry. The general ledger provides a summary of the financial status of a company, including its assets, liabilities, and equity.
2. Functional Area: The functional area is a subdivision of a company that is responsible for a specific business function, such as sales, production, or research and development. The functional area is used to analyze the profitability and cost structures of a company and to allocate costs to the correct departments.
3. Profit Center: The profit center is a management-oriented unit within a company that is used to measure and analyze the profitability of specific business activities. The profit center can be used to distribute costs and revenues to specific business activities and to provide a more detailed view of the financial performance of a company.
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