Universal Journal

1) Which dimension can be used for grouping to represent areas of internal responsibility? 

a. Profit Center 
b. Functional Area 
c. Ledger 
d. Segment 

Which is the correct answer?

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2) Which is the smallest organizational unit of external accounting for which a complete, self-contained set of G/L accounts can be created?  

a. Company Code 
b. Segment 
c. Functional Area 
d. Profit Center 

Which is the correct answer?

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3) Which dimension provides insight into different business activities of a diversified company according to international accounting principles (IFRS 8 and ASC 280 in US-GAAP)? 

a. Profit Center 
b. Segment 
c. Ledger 
d. Functional Area 

Which is the correct answer?

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4) Which dimension is used in General Ledger Accounting to support parallel accounting? 

a. Segment 
b. Functional Area 
c. Profit Center 
d. Ledger 

Which is the correct answer?

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Answers:

1) a 

2) a 

3) b 

4) d 
 

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