Question no 2642 : a G/L Account

In SAP FI, a G/L Account can be the following EXCEPT ?

(only one answer)

A)   P&L statement account.
B)   Balance Sheet account.
C)   Both P&L and Balance Sheet account.
D)   Allow both Input Tax and Output Tax.
E)   Assign to a Commitment item for Budgeting Purpose.
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Question no 2641 : Journal Entry in FI GL

In SAP FI, a Journal Entry (trx code FB50) in General Ledger can enter which of the following ?

(more than one answers)

A)   Business Area.
B)   Profit Center.
C)   Cost Center.
D)   Internal Order.
E)   Network.
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Question no : 471 FI Benefits of New GL

TERP10 Quiz Unit 12 Financials Accounting

The benefits of the new G/L account are the following EXCEPT:

A)      Extended data structure by default for additional data element transaction posting.

B)      Real time document split of 'segments'.

C)      Manage multiple "books" using the same general ledger.

D)      Provided the possibility of Material ledger accounting.

E)      Real time reconciliation between Financial Accounting and Management Accounting. 

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Question no : 470 FI Chart of Accounts

TERP10 Quiz Unit 12 Financials Accounting

Which of the following statement is TRUE regarding the Chart of Accounts ? 

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I)       Several companies can be assigned with the same Chart of Accounts.
II)      A Chart of Accounts must be assigned to a company code. 
III)     The 2 segments of a G/L account are the COA segment and company code segment. 
IV)     A G/L account can only be either a P&L account or a Balances Sheet account.

A)      I, II.

B)      II, III.

C)      I, IV.

D)      I, II, III.

E)      I, II, III, IV.

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Question no : 469 FI Sales Order Billing

TERP10 Quiz Unit 12 Financials Accounting

Upon Billing for a Sales Order, the basic accounting entry will be:

A)      Debit Customer, Credit Sales Revenue.

B)      Debit Customer, Credit Cost of Goods Sold.

C)      Debit Sales Revenue, Credit Customer.

D)      Debit Sales Revenue, Credit Cost of Goods Sold.

E)      Debit Customer, Credit Stock.

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Question no : 468 FI Fixed-Asset Accounting Asset Explorer

TERP10 Quiz Unit 12 Financials Accounting

The Asset Explorer allows contains the following screen view EXCEPT:

A)      Planned values.

B)      Book values.

C)      Transactions in the fiscal year.

D)      Depreciation parameters.

E)      Equipment link.

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Question no : 462 FI Vendor Master

TERP10 Quiz Unit 12 Financials Accounting

The main key used to create the Vendor Master is the ____________________ . 

A)      Account group.

B)      Account type.

C)      Vendor type.

D)      Account key.

E)      Vendor key..

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Question no : 363 FI Cash Flow

TERP10 (Unit 12) Financial Accounting 

The Booking of Cash Flows is supported by ____________________ . 

   

(Select ONE best answer)

A)   General Ledger.

B)   Accounts Payable.

C)   Accounts Receivable.

D)   Bank Ledger.

E)    Asset Accounting. 

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