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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?

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Suggested Answer: A, B, E

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

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Reynalda
3 months ago
A seems plausible, but I'm not sure if carrying forward the balance is an actual requirement. I'll go with C just to be safe.
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Delsie
2 months ago
User2: I'm not sure about that, I'll go with C, the balance has to be cleared at the end of each fiscal year.
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Wilbert
2 months ago
User1: I think A is correct, the balance has to be carried forward.
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Evangelina
3 months ago
Haha, D is just weird. The location in the chart of accounts has nothing to do with the requirements for a profit and loss account.
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Sylvie
2 months ago
I agree, D doesn't make sense for a profit and loss account.
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Barrett
3 months ago
C) The balance has to be cleared at the end of each fiscal year.
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Cherilyn
3 months ago
A) The balance has to be carried forward from one fiscal year to the next fiscal year.
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Shawnee
4 months ago
B is definitely wrong. A profit and loss account is not a cash account, that's just nonsense.
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Mariann
3 months ago
I agree, B is definitely wrong. A profit and loss account is not a cash account.
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Tayna
3 months ago
C) The balance has to be cleared at the end of each fiscal year.
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Eva
3 months ago
A) The balance has to be carried forward from one fiscal year to the next fiscal year.
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Hermila
4 months 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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Ming
2 months ago
D) It must be located in the first three drawers of the chart of accounts.
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Tonja
2 months ago
C) The balance has to be cleared at the end of each fiscal year.
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Fidelia
2 months ago
B) It must be set as a cash account.
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Veta
2 months ago
A) The balance has to be carried forward from one fiscal year to the next fiscal year.
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Dean
3 months ago
D) It must be located in the first three drawers of the chart of accounts.
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Hershel
3 months ago
C) The balance has to be cleared at the end of each fiscal year.
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Gennie
3 months ago
B) It must be set as a cash account.
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Chaya
4 months ago
A) The balance has to be carried forward from one fiscal year to the next fiscal year.
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Jacki
4 months 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
5 months 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
5 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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