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1. The a. b. c. d.
vendor master contains data at general, company code and purchasing organization levels general level only company code only general and purchasing organization levels only
2. posting using the special G/L indicator updates a. sub ledger only b. sub ledger and the general ledger accounts c. general ledger account only d. none of the above 3. the a. b. c. 4. the a. b. c. d. automatic payment program can be run for vendor accounts only customer accounts only vendor and customer accounts all of the above document date must be in the same period as the posting date must be in a period higher than the posting date must be in a period lesser than the posting date can be in any period independent of the posting date
5. vendor invoices can be entered in a. FI module only b. MM module only c. FI & MM modules d. FI, MM and SD modules 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 7. where can the vendor master be created a. centrally b. in the MM module only c. in the FI module only d. all 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 9. which of the following are valid additional account assignments a. project b. allocation c. payment term d. none of the above
none of the above 18. revenue object assignment d. sending reminder letters only b. reverses the original line item d. customer b. None of the above 2 . the customer master contains data at a. reduces the value in the original invoice line item c. in a. what is the maximum permissible length of an internally generated vendor number a. generates a parking document 11. G/L. when posting to a one time vendor or customer a. it is not possible to store the address details b. sending reminder letters and creating debt provisions c. a residual item posting in the vendor’s account a. 10 c. b. G/L. 18 12. alphabets only b. customer. the address details have to be entered into the master before the transaction is entered c. bank d. alpha numeric d. the address details are entered as a part of the transaction d. house bank ids can be a. creating debt provisions only d. Customer. generates a new line item b. company code only d. any of the above 17. general level only c. none of the above 14. a cost and revenue object assignment c. 6 b. general. posting to an expense account needs a. company code and sales organization levels b. the dunning program can be configured for a. c. any of the above 13. G/L c. numeric only c. the standard system the posting key 25 refers to credit to customer account debit to customer account debit to vendor account credit to vendor account 16.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 13 10. which of the following sequences of creating master accounts is logically correct a. general and sales organization levels only 15. bank. d. 12 d. Bank. cost object assignment b.
any of the above 21. a noted item posting in the vendor or customer accounts b. an actual entry in vendor and customer accounts 20. 01 b. in the FI module c. centrally d. interest calculation can be done for a. vendor accounts b. 19 23. 05 c. Incoming payments a. in the SD module b. 18 d. 05 c. A down payment request makes a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 13 19. an actual entry in the vendor accounts d. can post. 19 22. 05 c. none of the above 26. All of the above 25. 24 3 . customer accounts c. which of the following posting keys is relevant for accounting guarantees given to a customer a. which of the following posting keys is relevant for accounting guarantees received from a customer a. 01 b. what is the maximum possible length of an internally generated customer number a. 10 c. 19 24. which of the following posting keys is relevant for accounting bills of exchange of a customer a. 09 d. 6 b. 01 b. an actual entry in the customer accounts c. can post and clear vendor and customer line items b. G/L accounts d. 09 d. where can the customer master be created a. 09 d. clear and delete the base invoices d. can clear without posting c.
16 d. allocation b. one document type can use multiple number ranges c. which of the following statements is true a. posting date c. what field on the customer master record controls whether we will accept an incoming payment for less than the amount invoiced a. 50 c. one chart of accounts can be used by multiple company codes c. one document type can use only one number range b. 52 33. tolerance group c. 10 d. what is the no. 18 4 . When a document is parked a. bank key 28. which of the following statements is true a. which of the following fields can be changed in the document change mode a. 8 c. of periods available in a fiscal year a. one chart of accounts can contain only one chart of accounts 30. one company code can use multiple chart of accounts b. 100 d. the document is posted with the actual document number d. cost center and profit center 29. one number range cannot be used by multiple document types 35. company code and profit center c. document date d. what are the organizational entities for which the profit and loss statement and balance sheet can be generated a. the document is posted with a temporary document number account number 32. what is the maximum permissible length of a G/L account number a. 14 c. company code and business area b. G/L account no\ 31. 6 b. one account can be posted to by only one number range d. payment method d. of line items allowed in an accounting document a. the actual document number is generated but the document is not posted b. 999 34. sort key b. 12 b. profit center and business area d. a temporary document number is generated but the document is not posted c. what is the maximum no. 2 b.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 13 27.
the document currency a. deleted c. 9 d. always b. any accounting document can be reversed b. must be the currency defined in the G/L master 44. the fields available for posting in a transaction are controlled through the field status group at a. can be entered by the user 5 . multiple business areas c.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 13 36. all of the above 38. posting key level only b. when the business area clearing closing procedure is run d. must be the company code currency c. can be any currency b. the whole document b. multiple cost centers d. what is the number of sub levels at which accounts can be grouped in the financial statements version a. the local currency of a transaction a. a transaction can span a. all of the above 42. a parked document can be a. none of the above 43. when the materials management period closing is completed 39. posted d. G/L account level only d. 3 b. never c. 6 c. posting key and G/L account levels c. which of the following is true a. 12 40. when is the business area level balance sheet self balanced a. multiple company codes b. only documents posted through the parking method can be reversed c. each line item c. None of the above 37. only documents with external numbering can be reversed d. is the currency of the chart of accounts d. modified b. only documents with internal numbering can be reversed 41. a group of line items d. the currency for a document is determined for a.
an a. is determined by the country field in the customer/vendor masters 45. what sort key is used to sort line items by document currency amount a. none of the above 6 . is always the company code currency c. tax category in the G/L master c. d. what dictates whether a document line item requires a tax code a. What is meant by the option open items management in a G/L account master record a. is the currency of the chart of accounts’ d. 005 d. line items and balances can be displayed d. generates payment orders and accounting transactions c. generates accounting transactions only d. what is meant by the option line item display in a G/L account master record a. 006 47. items on that account can never be cleared b. only line items can be displayed b. only balances can be displayed c. 001 b. 003 c. none of the above 50. tax code in the vendor/customer masters b. account with automatic posting only indicator can be posted from FI module only Specific modules other than FI CO module only HR & PP modules only 48. items on that account can be cleared c. optional entry in every transaction d. none of the above 46. no balances are available for that account d. the automatic payment program a. b. generates payment orders only b.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 13 b. none of the above 49. c.
D 8. B 12. A 20. B 28. A 26.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 13 KEY 1. A 14. B 46. A.C. A 10.. A 15. A 41. A 50.B. B 3. A 44. A 35. D 13.D 38. C 36. A 19. A 17. D 5. B 45. C 33. D 34. C 6.C. A 32. D 40. D 22.B. B 7 .C. B 37. B. B 27. B 30. D 42. A 11. A. D 25. A 43. A. C 9. C 7. D 47. A 31. D 21. A. C 23. C 39. B 48. A 2. C 16. C 18. C 24. B 49.B.D 4.C 29.