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

- Free Preparation Discussions

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.

ABalance Sheet Account

BSecondary Costs

CNon-operating Expense or Income

DPrimary cost or Revenue

ECash account

Show Suggested 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:

Submit Cancel

Karl

6 months ago

Cash accounts? Nope, not in the P&L!

upvoted 0 times

...

Virgina

6 months ago

I thought secondary costs were included as well!

upvoted 0 times

...

Herminia

7 months ago

Wait, balance sheet accounts in P&L? That sounds off.

upvoted 0 times

...

Pura

7 months ago

Definitely non-operating expenses too.

upvoted 0 times

...

Elouise

7 months ago

P&L shows primary costs and revenues for sure!

upvoted 0 times

...

Jeannine

7 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

7 months ago

I’m a bit confused about balance sheet accounts; I thought they were separate from the P&L.

upvoted 0 times

...

Brittni

8 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

8 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

8 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

8 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

8 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

8 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

8 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

1 year 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

12 months ago

Let's go with C and D then, hopefully we got it right.

upvoted 0 times

...

Gregg

12 months ago

I agree, B doesn't seem to fit with the profit and loss statement.

upvoted 0 times

...

Dominga

1 year ago

I think C and D are correct, but I'm not sure about B either.

upvoted 0 times

...

...

Alverta

1 year 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

12 months ago

Secondary costs are important too, but they are not shown in the P&L statement.

upvoted 0 times

...

Shawn

12 months ago

I agree, those are the ones that show values in the profit and loss statement.

upvoted 0 times

...

Janae

1 year 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

12 months ago

D) Primary cost or Revenue

upvoted 0 times

...

Claudia

1 year ago

C) Non-operating Expense or Income

upvoted 0 times

...

Frederica

1 year 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

1 year 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

1 year 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

...