Question: 1 / 145

Which statements regarding the chart of accounts are true? Choose two correct answers.

Accounts appearing in green are defaults defined in the G/L Account determination window

The statement that accounts appearing in green are defaults defined in the G/L Account determination window is accurate because it highlights how SAP Business One visually distinguishes certain accounts. This visual cue helps users quickly identify which accounts are default selections available for automatic posting, streamlining the data entry process and reducing the likelihood of errors.

The order of accounts in financial reports being based on the chart of accounts structure is also a correct statement. The chart of accounts establishes a framework for how accounts are organized, which in turn dictates how financial data is presented in reports. This structure ensures consistency and clarity in financial reporting, emphasizing the importance of maintaining a well-crafted chart of accounts that aligns with the company's reporting needs.

In contrast, the ability to delete accounts once created is typically restricted in accounting systems to maintain data integrity, and default accounts usually don't require manual selection each time as they can be pre-defined to streamline the process.

Accounts can be deleted once they are created

The order of accounts in financial reports is based on the chart of accounts structure

Default accounts must be manually selected every time

Next

Report this question