Professional Documents
Culture Documents
FI PAPER – 13
6. When the automatic clearing program is executed, the base documents are
a. cleared and deleted from the system
b. cleared, deleted and archived from the system
c. cleared in the system
d. none of the above
8. which of the following posting keys is relevant for accounting bills of exchange of a
vendor
a. 11
b. 21
c. 39
d. 19
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 13
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 13
21. which of the following posting keys is relevant for accounting guarantees received
from a customer
a. 01
b. 05
c. 09
d. 19
22. which of the following posting keys is relevant for accounting guarantees given to
a customer
a. 01
b. 05
c. 09
d. 19
23. which of the following posting keys is relevant for accounting bills of exchange of
a customer
a. 01
b. 05
c. 09
d. 19
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 13
27. what field on the customer master record controls whether we will accept an
incoming payment for less than the amount invoiced
a. sort key
b. tolerance group
c. payment method
d. bank key
28. what are the organizational entities for which the profit and loss statement and
balance sheet can be generated
a. company code and business area
b. company code and profit center
c. profit center and business area
d. cost center and profit center
30. which of the following fields can be changed in the document change mode
a. allocation
b. posting date
c. document date
d. G/L account no\
33. what is the maximum no. of line items allowed in an accounting document
a. 2
b. 50
c. 100
d. 999
34. which of the following statements is true
a. one document type can use only one number range
b. one document type can use multiple number ranges
c. one account can be posted to by only one number range
d. one number range cannot be used by multiple document types
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 13
36. the fields available for posting in a transaction are controlled through the field
status group at
a. posting key level only
b. posting key and G/L account levels
c. G/L account level only
d. None of the above
38. when is the business area level balance sheet self balanced
a. always
b. never
c. when the business area clearing closing procedure is run
d. when the materials management period closing is completed
39. what is the number of sub levels at which accounts can be grouped in the
financial statements version
a. 3
b. 6
c. 9
d. 12
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 13
45. what dictates whether a document line item requires a tax code
a. tax code in the vendor/customer masters
b. tax category in the G/L master
c. optional entry in every transaction
d. none of the above
46. what sort key is used to sort line items by document currency amount
a. 001
b. 003
c. 005
d. 006
47. an account with automatic posting only indicator can be posted from
a. FI module only
b. Specific modules other than FI
c. CO module only
d. HR & PP modules only
48. What is meant by the option open items management in a G/L account master
record
a. items on that account can never be cleared
b. items on that account can be cleared
c. no balances are available for that account
d. none of the above
49. what is meant by the option line item display in a G/L account master record
a. only line items can be displayed
b. only balances can be displayed
c. line items and balances can be displayed
d. none of the above
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 13
KEY
1. A
2. B
3. A,B,C,D
4. D
5. C
6. C
7. A,B,C,D
8. C
9. A
10. A
11. B
12. D
13. A
14. A
15. C
16. A
17. C
18. A
19. A
20. D
21. D
22. C
23. C
24. D
25. A
26. B
27. B
28. A,B,C
29. B
30. A
31. A
32. C
33. D
34. A
35. C
36. B
37. A, B,C,,D
38. C
39. D
40. A
41. D
42. A
43. A
44. B
45. B
46. D
47. B
48. B
49. A
50. B