SAP Financial Accounting (SAP FI) Practice Exam

How many G/L accounts are dedicated to a real bank account in SAP FI?

1. Four

2. Two

3. One

4. Three

The correct answer is: Two

In SAP Financial Accounting (FI), a real bank account typically has two general ledger (G/L) accounts dedicated to it. This configuration consists of one G/L account for the bank account itself, which is used to track all transactions involving cash inflows and outflows, and another G/L account for the reconciliation account, which is critical for accurate financial reporting and reconciliation processes. This setup allows organizations to maintain clear and separate records of their cash and bank transactions, ensuring that all related activities can be tracked and reconciled at the appropriate level. Having these two dedicated accounts contributes to better financial management and compliance with accounting standards, as it facilitates the monitoring of cash positions and aids in financial reporting. Other options suggesting different numbers of G/L accounts would not provide the necessary granularity and structure needed for comprehensive financial tracking and reporting of real bank accounts within SAP FI.