Online Access Free SAP.C-TB1200-10.v2022-09-12.q52 Practice Test (Page 12)

What is a requirement for a profit and loss account?

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

B.It must be set as a cash account.

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

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

Which transaction would cause an increase to the balance of a revenue account?

A.A/R credit memo

B.Capitalization

C.A/R invoice

D.Incoming payment

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