Explanation of price determination process and and account determination process

Question

Accepted Answer

Price determination process determines the price of goods or services, while account determination process determines the accounts to be debited or credited.

Price determination process involves various factors such as pricing conditions, discounts, taxes, and surcharges.
Account determination process involves assigning GL accounts to various transactions based on the transaction type and other factors.
Price determination process is important for accurate pricing and profitability analysis.
Account determination process is important for accurate financial reporting and compliance.
Both processes are closely linked and impact each other.
For example, changes in pricing conditions can impact the GL accounts assigned to a transaction.

Explanation of price determination process and and account determination process

Top Silver Touch Technologies SAP MM Functional Consultant interview questions & answers

Popular interview questions of SAP MM Functional Consultant