Financial Accounting-Topic Wise Questions
e.Information on each screen may be defined in configuration as mandatory,suppressed or optional, depending upon the company code. 13.Which of the following statements are correct?a.A FI customer master is divided by client level and company code level.b.In case of one-time customer you have to enter the customers address in thedocument itself.c.Address, control data, and reconciliation account are included in the client level of thecustomer.d.The most efficient way to create master records is to work with the external number range not internal number range. 14.Which of the following statements are correct?a.If a customer is also a vendor, the system can include outstanding AccountsReceivable invoice items in payment program.b.If a customer is also a vendor, the system can include outstanding Accounts Payableinvoice items when you clear incoming payment receipts for the customer.c.The reconciliation account defined on the customer master record is an account usedto reconcile CO transactions back to FI.d.All customer belonging to the same account group must be assigned to the samereconciliation account.e. The alternative payer is used to transfer outstanding receivable item to thealternative payers account.
Which of following statements are correct? [mul]a.The customer master data comparison the customers in the legacy system with thecustomers in the R/3 System.b.The customer master data comparison compares which master records are alreadycreated in financial accounting but not yet created in sales and distribution.c.The customer master data comparison compares which master records are alreadycreated in purchasing but not yet in sales and distribution.d.The customer mater data comparison checks whether the customer master recordcontains a telephone number.Vendor Master 16. Which statement is true? (Multi)a.In Vendor master record it is possible to activate a check for duplicate invoice at docentryb.If you delete a vendor master record, data is automatically deleted on both chart of account level and co. code level.c.Changes to vendor master records can only be displayed using central function.d.You can block a vendor to prevent financial transaction postings for one co. code or for all co. codes.e.Bank master data for vendor can only be created with in customizing.17.Which of the following statement about one time account are correct.a.Must use account group defined for one time vendor.b.One time account group must use defined number range.18.Which of the following about vendor transaction is correct. (Multi)a.Vendor down payment is shown on balance sheet under normal reconciliationaccount for payables.b.Special g/l transaction is one, which is included in spl purpose ledger under codingblock in G/L account.c.A vendor down payment request cannot be included in payment program to producedown payment
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