SAP Exam C_TFG61_2405 Topic 5 Question 8 Discussion

Actual exam question for SAP's C_TFG61_2405 exam

Question #: 8
Topic #: 5

[All C_TFG61_2405 Questions]

Which of the following describes the difference between a general ledger and a general ledger account?

AThey are both related functionalities used for the same purpose.

BA general ledger account is associated with task and expense codes rather than a business unit

CGeneral ledgers are required, while general ledger accounts are optional.

DA general ledger account is associated with a business unit rather than task and expense codes.

Show Suggested Answer

Suggested Answer: B

by Ruby at Dec 07, 2024, 02:19 PM

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Ayesha

5 months ago

Wait, there's a difference between a general ledger and a general ledger account? I thought they were the same thing. Time to brush up on my accounting basics!

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Louis

4 months ago

Iola: Oh, I see. Thanks for clarifying!

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Eladia

4 months ago

User 3: A general ledger account is associated with a business unit, while a general ledger is more general.

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Iola

5 months ago

User 2: Actually, a general ledger and a general ledger account have some differences.

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Felton

5 months ago

User 1: I thought they were the same thing too!

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Rodolfo

5 months ago

D all the way! General ledger accounts are associated with business units, not task and expense codes. A no-brainer!

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Linwood

5 months ago

Hmm, I'm not sure about this one. But I'm leaning towards D since it seems the most logical explanation of the difference.

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Holley

4 months ago

User 3: I'm not sure, but D does seem like the most logical choice.

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Izetta

4 months ago

User 2: Yeah, I agree. A general ledger account is tied to a specific business unit.

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Rosamond

5 months ago

User 1: I think D makes sense, it's about the business unit.

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Jennifer

5 months ago

That's a good point, but I still think a general ledger account is associated with a business unit rather than task and expense codes.

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Argelia

5 months ago

Option B sounds a bit strange. Why would a general ledger account be associated with task and expense codes rather than a business unit? I'm going with D.

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Earleen

5 months ago

Definitely, D seems like the most accurate description of the difference between a general ledger and a general ledger account.

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Rashad

5 months ago

Yeah, I also think D is the correct choice. It's more logical for a general ledger account to be associated with a business unit.

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Andra

5 months ago

I agree, option B does sound a bit strange. I think D makes more sense.

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Maurine

5 months ago

But don't you think that general ledgers are required, while general ledger accounts are optional?

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Ilda

6 months ago

I agree with Rachael. Option D definitely describes the difference between a general ledger and a general ledger account.

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Merissa

5 months ago

Exactly. The general ledger is like the big picture, while the general ledger account is more detailed and specific.

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Valentin

5 months ago

That makes sense. So the general ledger is more about the overall financial picture of the company?

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Nu

5 months ago

Yes, a general ledger account is associated with a business unit rather than task and expense codes.

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Elbert

5 months ago

I agree with Rachael. Option D definitely describes the difference between a general ledger and a general ledger account.

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Rachael

6 months ago

D seems like the correct answer to me. A general ledger account is associated with a business unit, not task and expense codes.

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Leonida

5 months ago

Yes, that's right. General ledgers are required, while general ledger accounts are optional.

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Cheryl

6 months ago

I agree, D is the correct answer. General ledger accounts are associated with business units.

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Jennifer

6 months ago

I disagree, I believe they are both related functionalities used for the same purpose.

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Maurine

6 months ago

I think the difference is that a general ledger account is associated with task and expense codes.

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