CEDRICK V LIBAO FINANCIAL

BIT34

Do the Financials exercise #1 to answer the following:

100000

What Account Group is this G/L account assigned to?

Liquid assets

Is this account a Profit and Loss Statement account or a Balance Sheet account?

Balance Sheet Account

What is the account currency in US00?

USD = United States Dollar

What is the differences to the German GBI Company Code (DE00)?

The difference between the German GBI company code(DE00) is that account currency is USD
in G/L Account entry, the country is USA and the Controlling area is GBI North America(NA) for
US00 and the Account Currency is EUR in G/L account entry. The country is Germany and the
controlling area is GBI Europe for DE00.

Record information about the G/L Account in the table below:

G/L Account Number G/L Account Name

200100 Inventory-Finished Goods

300000 Payables-Trade Accounts

310000 Goods Receipt/ Invoice Receipt Account

600000 Sales Revenue

700000 Labor Expense

720300 Semi-Finished Consumption expense

740300 Rent Expense

741500 Utilities expense

770000 Research and development