Workday Pro Financials Practice Questions - Workday Pro Financials Certification Exam

What is the difference between a Ledger Account and a Ledger Account Set?

A Ledger Account is for AP only; a Ledger Account Set is for AR A Ledger Account is a single account; a Ledger Account Set is a versioned grouping of Ledger Accounts assigned to a Company on a Book A Ledger Account Set is a deprecated Workday term They are synonyms in Workday Financials

Correct Answer:

A Ledger Account is a single account; a Ledger Account Set is a versioned grouping of Ledger Accounts assigned to a Company on a Book

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