Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

SAP C_TS4FI_2023 Exam - Topic 2 Question 17 Discussion

Actual exam question for SAP's C_TS4FI_2023 exam
Question #: 17
Topic #: 2
[All C_TS4FI_2023 Questions]

From which G/L account types are values shown in the profit and loss (P&L) statement? Note: There are 3 correct answe-rs to this que-stion.

Show Suggested Answer Hide Answer
Suggested Answer: C

by Fausto at Sep 13, 2024, 03:28 AM

Limited Time Offer

25%

Off

Get Premium C_TS4FI_2023 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Karl
5 months ago
Cash accounts? Nope, not in the P&L!
upvoted 0 times
...
Virgina
5 months ago
I thought secondary costs were included as well!
upvoted 0 times
...
Herminia
5 months ago
Wait, balance sheet accounts in P&L? That sounds off.
upvoted 0 times
...
Pura
5 months ago
Definitely non-operating expenses too.
upvoted 0 times
...
Elouise
6 months ago
P&L shows primary costs and revenues for sure!
upvoted 0 times
...
Jeannine
6 months ago
I’m pretty confident that primary costs and revenues are correct, but I can't recall if secondary costs are included.
upvoted 0 times
...
Terrilyn
6 months ago
I’m a bit confused about balance sheet accounts; I thought they were separate from the P&L.
upvoted 0 times
...
Brittni
6 months ago
I remember practicing a similar question, and I believe non-operating expenses are definitely part of the P&L.
upvoted 0 times
...
Cristy
6 months ago
I think the P&L statement includes primary costs and revenues, but I'm not sure about the other options.
upvoted 0 times
...
Carissa
6 months ago
This is a good test of my understanding of financial statements. I'll use the process of elimination to identify the 3 correct account types.
upvoted 0 times
...
Tyisha
6 months ago
I remember learning about the different account types that feed into the P&L, so I think I can narrow this down. I'll make sure to read the options carefully.
upvoted 0 times
...
Glory
6 months ago
Okay, let me break this down. The P&L statement shows revenue and expenses, so I'm guessing the correct answers will be related to those types of accounts.
upvoted 0 times
...
Elmer
6 months ago
Hmm, I'm a bit unsure about this one. I'll need to think carefully about the different account types and which ones specifically contribute to the P&L.
upvoted 0 times
...
Sherron
7 months ago
This question seems straightforward, I'm pretty confident I can identify the 3 correct account types that are included in the P&L statement.
upvoted 0 times
...
Lorenza
11 months ago
Oof, this question is making my head spin. Maybe I should have taken that accounting elective after all. Okay, let's see... C and D sound right, and B doesn't seem to fit. I'll go with that and hope for the best.
upvoted 0 times
Loreen
10 months ago
Let's go with C and D then, hopefully we got it right.
upvoted 0 times
...
Gregg
10 months ago
I agree, B doesn't seem to fit with the profit and loss statement.
upvoted 0 times
...
Dominga
11 months ago
I think C and D are correct, but I'm not sure about B either.
upvoted 0 times
...
...
Alverta
12 months ago
Ha, I can already see my classmates debating this one. 'But what about secondary costs?' Pfft, who cares about that? Just give me C and D, and I'll be good to go.
upvoted 0 times
Eden
10 months ago
Secondary costs are important too, but they are not shown in the P&L statement.
upvoted 0 times
...
Shawn
10 months ago
I agree, those are the ones that show values in the profit and loss statement.
upvoted 0 times
...
Janae
11 months ago
I think the correct answers are C) Non-operating Expense or Income and D) Primary cost or Revenue.
upvoted 0 times
...
...
Izetta
1 year ago
This is a tricky one, but I think the key is understanding the difference between the balance sheet and the P&L. The P&L is all about revenue and expenses, not assets and liabilities. So A and E are out.
upvoted 0 times
Paola
10 months ago
D) Primary cost or Revenue
upvoted 0 times
...
Claudia
11 months ago
C) Non-operating Expense or Income
upvoted 0 times
...
Frederica
12 months ago
B) Secondary Costs
upvoted 0 times
...
...
Caprice
1 year ago
Yes, I agree. Non-operating Expense or Income is another type that appears in the P&L statement.
upvoted 0 times
...
Avery
1 year ago
I'm pretty sure the P&L doesn't include balance sheet accounts or cash accounts. Those are for the balance sheet, not the income statement. Gotta go with B, C, and D.
upvoted 0 times
Mattie
11 months ago
Yes, secondary costs, non-operating expense or income, and primary cost or revenue are the correct G/L account types for the P&L statement.
upvoted 0 times
...
Mattie
11 months ago
I agree, balance sheet accounts and cash accounts are not included in the P&L statement.
upvoted 0 times
...
...
Earlean
1 year ago
Hmm, I remember learning that the P&L statement includes primary costs and revenues, as well as non-operating expenses and income. Looks like options C and D are the way to go.
upvoted 0 times
...
Dudley
1 year ago
I believe Secondary Costs are also included in the P&L statement.
upvoted 0 times
...
Caprice
1 year ago
I think values from Primary cost or Revenue are shown in the P&L statement.
upvoted 0 times
...

Save Cancel