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SAP C_S4FTR_2023 Exam - Topic 2 Question 20 Discussion

Actual exam question for SAP's C_S4FTR_2023 exam
Question #: 20
Topic #: 2
[All C_S4FTR_2023 Questions]

Which G/L account type must be set when working with the bank reconciliation ledger?

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Suggested Answer: C

The G/L account type that must be set when working with the bank reconciliation ledger is bank sub account. Bank sub account is a special type of G/L account that is used to record the bank statement items that are not yet reconciled with the accounting documents. It allows you to perform bank reconciliation at a more granular level and track the status of each bank statement item.


by Alpha at Jan 09, 2025, 10:06 PM

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Corrie
5 months ago
Wait, are you all sure about this? Sounds a bit off.
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Mireya
5 months ago
Really? I thought any balance sheet account would work.
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Sharen
5 months ago
No way, it's D for sure!
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Judy
5 months ago
I thought it was A, the cash account?
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Denny
6 months ago
It's definitely D, the bank reconciliation account.
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Annamae
6 months ago
I’m leaning towards the bank sub account, but I remember there were nuances in the definitions that could trip me up.
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Long
6 months ago
I feel like balance sheet accounts were mentioned in the context of reconciliations, but I’m confused about how they apply specifically to this question.
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James
6 months ago
I remember discussing cash accounts in relation to bank reconciliations, but I can't recall if that's the right answer here.
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Phuong
6 months ago
I think it might be the bank reconciliation account, but I’m not entirely sure. We practiced something similar in class.
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Fanny
6 months ago
Okay, I've got this. The bank reconciliation process deals with the cash account, so the account type that must be set is a cash account. A is the right answer here.
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Avery
6 months ago
I'm a bit confused on this one. Is the bank reconciliation ledger a separate account, or is it just a process that involves multiple accounts? I'm not sure if the account type is the right focus here. Might need to revisit my notes on bank reconciliations.
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Stephania
6 months ago
The key here is that the question is asking about the account type, not the specific account. I'm guessing the correct answer is B, "balance sheet account," since the bank reconciliation would involve balance sheet accounts like cash.
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Torie
6 months ago
Hmm, I'm not totally sure about this one. I know the bank reconciliation is related to cash, but I'm not confident that the account type has to be specifically "cash account." Let me think this through a bit more.
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Vivan
6 months ago
This one seems straightforward - the bank reconciliation ledger would require a cash account type, so I'm going with option A.
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Vanesa
1 year ago
I'm feeling lucky, so I'll go with D. Bank reconciliation account. Gotta risk it for the biscuit!
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Maurine
1 year ago
I'm not sure, but I think it could also be D) Bank reconciliation account, as it specifically deals with reconciling bank statements.
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Aleta
1 year ago
Haha, cash account? Nice try, but that's way too obvious. I'm going with the balance sheet account.
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Bernadine
1 year ago
Yeah, cash account seems too straightforward.
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Anglea
1 year ago
I think it's the balance sheet account too.
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Quentin
1 year ago
I agree with Dante, because cash account is directly related to bank transactions.
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Ettie
1 year ago
I'd go with the bank reconciliation account. It's specifically designed for this purpose, right?
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Adaline
1 year ago
Definitely, it helps keep track of the differences between the bank statement and the company's records.
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Dion
1 year ago
I agree, it's specifically designed for reconciling bank transactions.
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Alesia
1 year ago
Yes, the bank reconciliation account is the correct choice.
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Glory
1 year ago
D) Bank reconciliation account
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Lenna
1 year ago
C) Bank sub account
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Cristen
1 year ago
B) Balance sheet account
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Herminia
1 year ago
A) Cash account
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Dante
1 year ago
I think the answer is A) Cash account.
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Henriette
1 year ago
Definitely the bank sub account, that's the one used for reconciliation.
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Veta
1 year ago
C) Bank sub account
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Venita
1 year ago
Yes, the bank sub account is the one used for reconciliation.
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Vicente
1 year ago
D) Bank reconciliation account
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Na
1 year ago
C) Bank sub account
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Sabra
1 year ago
B) Balance sheet account
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Tamesha
1 year ago
A) Cash account
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