SAP Financial Accounting (SAP FI) Practice Exam

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In which section of the customer master are payment terms selected?

General segment
Payment methods segment
Sales segment
Accounting segment

The correct answer is: Sales segment

The correct answer is the sales segment, as it is in this section of the customer master where payment terms are specified. Payment terms dictate the conditions under which payment is expected from the customer, such as the time period allowed for payment and any discount options available for early payment. This information is crucial for managing cash flow and ensuring timely payments from customers, making it essential to include in the sales segment dedicated to sales-related data. The other segments, while important for the overall customer profile, do not specifically handle payment terms for sales transactions. The general segment primarily covers basic customer information, the payment methods segment outlines preferred payment methods, and the accounting segment addresses financial details such as reconciliation accounts and fiscal year information. Therefore, the sales segment is the appropriate section for selecting payment terms.