SAP S 4HANA FI Practice Questions - SAP Certified Associate - SAP S 4HANA Cloud Financial Accounting (C TS4FI) Exam

What is a reconciliation account in SAP S/4HANA and why is it important?

An account used for bank reconciliation only A G/L account that automatically receives summarized postings from subledgers (AP, AR, Assets), ensuring the general ledger always matches subledger totals An account for reconciling intercompany transactions An account used to store unreconciled differences

Correct Answer:

A G/L account that automatically receives summarized postings from subledgers (AP, AR, Assets), ensuring the general ledger always matches subledger totals

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