SAP Exam C_TB1200_10 Topic 5 Question 26 Discussion

Actual exam question for SAP's C_TB1200_10 exam

Question #: 26
Topic #: 5

[All C_TB1200_10 Questions]

What is a requirement for a profit and loss account?

AThe balance has to be carried forward from one fiscal year to the next fiscal year.

BIt must be set as a cash account.

CThe balance has to be cleared at the end of each fiscal year.

DIt must be located in the first three drawers of the chart of accounts.

Show Suggested Answer

Suggested Answer: A, B, E

by Merilyn at Jul 28, 2023, 01:50 PM

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Shawnee

3 days ago

B is definitely wrong. A profit and loss account is not a cash account, that's just nonsense.

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Hermila

12 days ago

I think the correct answer is C. The balance has to be cleared at the end of each fiscal year. That's the basic requirement for a profit and loss account.

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Jacki

27 days ago

I'm not sure about that. I think the requirement is that the balance has to be carried forward from one fiscal year to the next fiscal year. That way, you can track the financial progress over time.

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Kami

28 days ago

I agree with Yoko. It makes sense for the balance to be cleared at the end of each fiscal year to accurately reflect the financial performance.

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Yoko

1 months ago

I think the requirement for a profit and loss account is that the balance has to be cleared at the end of each fiscal year.

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