Knowledge quiz

It’s time to put what you’ve learned to the test, get 5 questions right to pass this unit.

Q1.

Cost of sales accounting classifies costs according to the area of operations that incurred the revenue or expense.

Choose the correct answer.

Q2.

Ledger groups are assigned to an accounting principle

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Q3.

Journal entries without a ledger group designation are posted to?

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Q4.

The functional area is usually derived from master data of the cost object (cost center, work breakdown structure (WBS))?

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Q5.

Financial statements can be produced only for the leading ledger.

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Q6.

Cost of sales accounting uses which dimension for reporting?

Choose the correct answer.