UNIT 6

Bank Accounting
1. For house banks, the bank key is tied to a ......................... and the account is tied to an .............
Fill in the blanks to complete the sentence.
2. All bank accounts are represented by G/L accounts in SAP.
Determine whether this statement is true or false.
□ True
□ False
3. Before the details of a bank can be entered in a customer or vendor master record, that bank must
exist in the bank directory. Determine whether this statement is true or false.
□ True
□ False
4. When we enter a transaction in the Cash payments tab of the cash journal, we are automatically the
petty cash journal account. Fill in the blanks to complete the sentence.
5. When we process the subledger session created when a check deposit list is posted, the
............................................... is balanced.
Fill in the blanks to complete the sentence.

ANSWER :
1. For house banks, the bank key is tied to a bank ID and the account is tied to an account ID.
Answer: bank ID, account ID
2. All bank accounts are represented by G/L accounts in SAP.
Answer: True
Because of the term, bank ledger, some people think that some bank accounts are subledger
accounts. This is not true. There is a hierarchy for the accounts of a bank, which consists of
available cash accounts and clearing accounts. However, these accounts are all G/L accounts.
3. Before the details of a bank can be entered in a customer or vendor master record, that bank must
exist in the bank directory.
Answer: False
You can create a bank on the fly by entering its details as it is entered in the master record of a
customer or vendor. The bank will then automatically appear in the bank directory report.
4. When we enter a transaction in the Cash payments tab of the cash journal, we are automatically
crediting the petty cash journal account.
Answer: crediting
5. When we process the subledger session created when a check deposit list is posted, we credit the
customer.
Answer: the customer