SAP Financial Accounting (SAP FI) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the SAP Financial Accounting (SAP FI) Exam with our interactive quiz. Utilize flashcards and multiple choice questions, each with hints and explanations, to excel in your exam!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does the print program in balance confirmation specifically produce?

  1. A report of all transactions

  2. A communication letter

  3. A detailed ledger statement

  4. A currency conversion summary

The correct answer is: A communication letter

The print program in balance confirmation is specifically designed to produce a communication letter. This letter serves as a formal notification to customers or vendors regarding their account balances. It typically includes the current balance, any outstanding amounts, and additional details that may be relevant for reconciliation purposes. The focus of this communication letter is to facilitate transparency between the parties involved and to ensure that both sides agree on the account balances at a given point in time. This is crucial for maintaining accurate financial records and for resolving any potential discrepancies in transactions. In contrast to the other options, which involve different types of financial documentation, the communication letter is specifically crafted for correspondence regarding balance confirmation, making it the direct output of the print program for this purpose.

More Questions Like This