Question no 4135 : Down Payment creating and processing for Purchase Order

In SAP Material Management, which of the following setup and processing are TRUE about Down Payment processing for Purchase Order ?

(more than one answers)

A) The Down Payment G/L Account is assigned to the Vendor's Reconciliation Account.
B) Each Vendor's Reconciliation Account can only be assigned to one Down Payment G/L Account for each Special G/L Indicator
C) Down Payment can be entered for the Purchase Requisition item and copied to the Purchase Order item. 
D) Down Payment can only be entered after at least one Goods Receipt completed for the Purchase Order item. 
E) One or more Down Payments can be posted to each Purchase Order item.

Answer: A, B, E

Question no 4024 : Freight Clearing Account

In SAP Material Management, the Freight Clearing Account has the following characteristics ?

(more than one answers)

A. A new Transaction Event Key can be created for Freight Clearing Account determination.
B. A new Account Key is created for the Transaction Event Key in OBYC.
C. The new Account Key is assigned to the Condition Type in Pricing Schema.
D. Influencing factors Valuation Grouping Code is allowed for the new Account/Trx Event Key.
E. Influencing factors Valuation Class is allowed for the new Account/Trx Event Key.
.

Answer: A, B, C, D, E

Question no 3855 : Account Posting at LIV

In SAP MM as at ECC6.0 EhP6, what scenario is the following account posting ?

Debit     Consumption/Expenses Account (P&L).
Credit    Vendor (Balance Sheet).

(more than one answers)

A)  LIV with reference to Blanket PO.
B)  Invoicing Plan settlement.
C)  GR Non-Valuated Purchase Order item.
D)  ERS for Stock Procurement Purchase Order.
E)  Settlement of Consignment liability transfer to own stocks.
.

Answers: A, B, C

A, B) Both Blanket PO and Invoicing Plan have no GR, therefore no GR/IR Clearing Account to be knocked off at LIV.
C) GR Non-Valuated PO has GR but no FICO at GR; therfore no GR/ICR clearning account to knock off at LIV.
D) Stock PO will have GR and FI posting is expected of at GR; and the item category "Blank" de-activate the GR Non-Valuated flag, so GR will Debit Stock and Credit GR/IR Clearning and LIV will have to knock off the GR/IR Clearing.
E) Both Consignment GR and Consignment GI result in a Liability account where Consignment settlement will Debit the Liability account and Credit Vendor.
 

Question no 3750 : WRX

In SAP MM as at ECC6.0 EhP6, what is the purpose of Transaction Event Key WRX ?

(only one answer)

A)  Stock Account.
B)  Consumption Account.
C)  Tax Account.
D)  Vendor Account.
E)  GR/IR Clearing Account.
.

click "1 comment" for suggest solution

Question no 3749 : GR/IR Clearing Account Posting

In SAP MM as at ECC6.0 EhP6,  the following scenario will NEVER result in GR/IR Clearing Account Posting EXCEPT ?

(only one answer)

A)  Account Postings for Blanket Purchase Order.
B)  Account Postings for a Consumable Purchase Order with GR Non-Valuated Setting.
C)  Account Postings for Goods Receipt of a Purchase Order into Inspection Stock.
D)  Account Postings for Invoicing Plan Purchase Order settlement process.
E)  Account Postings for Goods Receipt of Consignment Purchase Order.
.

click "1 comment" to view recommended solution

Question no 3748 : Goods Issues of a Stock Material

In SAP MM as at ECC6.0 EhP6, which of the following are the Accounting Postings for a Stock Material ?

(more than one answer)

A)  Debit Stock Account using Transaction Event Key GBB.
B)  Debit Stock Account using Transaction Event Key BSX.
C)  Credit Stock Account using Transaction Event Key BSX.
D)  Debit Consumption Account using Transaction Event Key GBB.
E)  Credit Consumption Account using Transaction Event Key GBB.
.

Answers: C, D

GI of Stock
Debit Consumption Account (via GBB) P&L Account
Credit Stock Account (via BSX) Balance Sheet Account

Question no 3747 : BSX

In SAP MM as at ECC6.0 EhP6, which of the following Goods Movement results in using the Transaction Event Key "BSX" to determine an Account ?

(more than one answers)

A)  Goods Issue of a Consignment Stock.
B)  Transfer of Consignment Stock to Own Stock.
C)  Release of a Non-Valuated GR-Blocked Stock.
D)  Goods Issue of a "UNBW" Material Type Material Master.
E)  Invoice Verification of a GR-NonValuated Purchase Order.
.

click "1 comment" to find suggested solution.

Question no 3741 : GR Non-Valuated Purchase Order

In SAP MM as at ECC6.0 EhP6, which of the following FICO Postings are correct for a GR Non-Valuated Purchase Order ?

(More than one answers)

A)  Goods Receipt only post Material Document.
B)  The indicator is valid for both Stock and Consumable Purchase Order.
C)  Both FI and CO Document posting is created at Invoice Verification.
D)  GR/IR Clearing Account is not generated in the FI Posting at Invoice Verification.
E)  Only CO Posting at GR, FI Posting is at Invoice Verification.
.
click "1 comment" to view suggested solution

Question no 3737 : Reconciliation Account

In SAP MM as at ECC6.0 EhP6, which of the following is where the Reconciliation Account being posted ?

(more than one answer)

A)  Goods Receipt.
B)  ERS.
C)  Invoice Verification.
D)  Bank Reconciliation.
E)  Cross-Company Reconciliation.
.

click "1 comment" for suggested solution

Question no 3263 : MAP changes

In SAP MM as at ECC6.0 EhP6, which of the following processes influences the Moving Average Price of the Material Master ?

(more than one answers)

A)  Goods Issue of  a Marerial.
B)  Goods Receipt of a Purchase Order.
C)  Source Plant of a Transfer Process.
D)  Destination Plant of a Transfer Process.
E)  Invoice Verification with reference to a Purchase Order.
.

Question no 3062 : G/L Account Integration MM to FI

In SAP MM as at ECC6.0 EhP6, which of the following are TRUE about Accounting integration between MM and FI ?

(more than one answers)

A)   Freight Clearing Account are only created for Planned Delivery Costs scenario.
B)   Tax Accounts are not posted at the point of Goods Receipt.
C)   Tax Accounts are posted at both Goods Receipt and Invoice Verification steps.
D)   It is not possible to have GR non-valuated scenario for Purchase Order of Stock procurement scenario.
E)   When performing Goods Receipt into GR-Blocked stock, no Accounting documents can be created.
.

Question no 2578 : Subcontracting Purchased Service Transaction Event Key

In SAP MM IM,what is the Transaction Event Key to determine the Purchasing Services P&L Account ?

(only one answer)

A)   BSX.
B)   GBB.
C)   BSV.
D)   FRL.
E)   WRX.
.

Question no 2005 : Net Posting

In SAP MM ECC6.0, the Invoice Verification using "Net Posting" has the following characteristics ?

(more then one answers)

A)   Payment terms cash discount is recognized during Invoice Verification.
B)   Payment terms cash discount is recognized only at Payment run in Account Payable.
C)   A clearing account is created to record the Payment terms cash discount duirng Invoice Verification.
D)   If the invoice item is a material master with Moving Average Price, the advantage of the cash discount recognized during Invoice Verification will credit the Stock Account.
E)   If the invoice item is a material master with Moving Average Price, the advantage of the cash discount recognized during Invoice Verification will debit the Stock Account.
.

Question no 1962 : "S" and "V" Accounting

In SAP MM ECC6.0, if a materials purchase order price is $ 10 per pc (with an order quantity of 100 pc), during invoice verification; the supplier invoice price of $ 12 per pc is accepted. What are the possible accounting and cost accounting postings at invoice verification ? (Assuming goods receipt and invoice verification in full quantity of 100 pc and tax = 0%)

(more than one answers)

(A)   If the materials price control is “S” and standard price is $ 10; a debit to price difference account for $ 200 is posted.
(B)   If the material price control is “V” and current stocks is 50 pc; a debit to the stock account for $ 100 and a debit to price difference account for $ 100 are posted.
(C)   If the materials price control is “S” and standard price is $ 12; a debit to price difference account for $ 200 is posted.
(D)   If the material price control is “V” and current stocks is 100 pc; a debit to stocks account for $ 200 is posted.
(E)   If the material price control is “V” and current stocks is 0 pc; a debit to price difference account for $ 200 is posted.
. 

Question no 1958 : External Services Account Posting

In SAP MM ECC6.0, assume the following external services purchase order and determine the accounting posting ?

A purchase order item for item category "D" with an external service of 100 hr @ $15/hr.

Services executed by the supplier has been completely recorded in the service entry sheet, the service entry sheet was duly accepted and approved for invoice verification; what are the expected financial and cost accounting posting during invoice verifications ? (Further assumptions are all cost to be charged to cost center 1000 and a tax rate of 10% to be used).

(more than one answers)

(A)   An Accounting Document is posted with Debit purchasing services account at $ 1500, Debit Tax account at $ 150, and credit Vendor account at $ 1650 if “GR non-val” indicator has been set in the Purchase Order item.
(B)   A Cost Accounting Document is posted to cost center at $ 1500 at Invoice Verification if “GR non-val” indicator has been set in the Purchase Order item.
(C)   Cost Accounting Document posting is only possible at Service entry step because “GR non-val” setting is only applicable for Consumables Procurement Scenario.
(D)   A Cost Accounting Document is posted to cost center at $ 1650 if “GR non-val” indicator has been set in the Purchase Order item.
(E)   A Cost Accounting Document is posted to cost center at $ 1500 at service entry step if “GR non-val” indicator is not set in the Purchase Order item.
.

Question no 1957 : Subcontracting Account Posting

In SAP MM ECC6.0, evaluate the following subcontracting scenario and answer the question.

Bill of Material for M1020
. M10 uses 1 pcs (M10 "V" $1/pc)
. M20 uses 2 pcs (M20 "V" $2/pc)

The subcontracting info record for material M1020 is at $ 10 / pc. Assume a purchase order of 100 was created, goods receipt were done in full quantity of 100 pc and invoice verification of 100 pc was also completed. What are the accounting postings at invoice verification ? (Assume tax = 10%)

(only one one answers)

(A)   Debit GR/IR account at $ 1000, Debit Tax account at $ 100, and Credit Vendor account at $ 1100.
(B)   Debit Purchasing Services account at $ 1000, Debit Tax account at $ 100, and Credit Vendor account at $ 1100.
(C)   Debit Finished goods stock account at $ 1500, Debit GR/IR account at $ 1000, Debit Tax account at $ 100, Credit Cost of Goods sold account at $ 1500, and Credit Vendor account at $ 1100.
(D)   Debit Consumption account at $ 500, Debit GR/IR account at $ 1000, Debit Tax account at $ 100, Credit Stock account at $ 500, and Credit Vendor account at $ 1100.
(E)   Debit Finished goods stock account at $ 1500, Debit Consumption account at $ 500, Debit GR/IR account at $ 1000, Debit Tax account at $ 100, Credit Stock account at $ 500, Credit Cost of Goods sold account at $ 1500, and Credit Vendor account at $ 1100.
. 

Question no 1956 : GR valuated Purchase Order

In SAP MM ECC6,0, evaluate the correctness of the following statements for “GR valuated purchase orders” ?

(more than one answers)

(A)   Financial accounting document posted at goods receipt only, no financial accounting document is posted at invoice verification.
(B)   Costing accounting document posted at goods receipt only, no more cost accounting document is posted at invoice verification.
(C)   No Financial accounting document posted at goods receipt, financial accounting document is posted at invoice verification.
(D)   Cost accounting document is posted at both goods receipt and invoice verification.
(E)   Financial accounting document is posted at both goods receipt and invoice verification.
.

Question no 1955 : Accounting Posting for "Apportion IR quantities to GR quantities one after another"

In SAP MM ECC6.0, assume the following consumable scenario and answer the question:
. Account Assignment "K" for cost center
. Item category " " (blank) for standard
. Material master is entered in the consumable PO
. PO Quantity 100
. Net Price per unit $50
. No other pricing condition
. 40% distribute to cost center 4100, 60% distribute to cost center 1000
. Item set at GR-Non Valuated

Assume a goods receipt of 10 pc was done earlier and invoice verification for the 10 pc has already been carried out. A second goods receipt of 70 pc subsequently was executed, if we were to post an invoice for the 70 pc now; assume scenario of Partial invoice has been set to “Apportion IR quantities to GR quantities one after another”. Which of the following financial accounting postings are correct during the invoice verification for the second goods receipt ?

I.     Debit Consumption Account $ 3500.
II.    Debit Stocks Account $ 3500.
III.   Debit Tax Account $ 350.
IV.   Credit Vendor Account $ 3850.
V.    Credit GR/IR $ 3500.

(only one answer)

(A)   II, III, IV
(B)   I, II, II, IV, V
(C)   I, III, IV, V
(D)   I, III, IV
(E)   None of the above
. 

Question no 1954 : GR-Non Valuated Account Posting

In SAP MM ECC6.0, assume the following consumable scenario and answer the question:
. Account Assignment "K" for cost center
. Item category " " (blank) for standard
. Material master is entered in the consumable PO
. PO Quantity 100
. Net Price per unit $50
. No other pricing condition
. 40% distribute to cost center 4100, 60% distribute to cost center 1000
. Item set at GR-Non Valuated

Assume a goods receipt of 10 pc was done earlier and invoice verification for the 10 pc has already been carried out. A second goods receipt of 70 pc subsequently was executed, if we were to post an invoice for the 70 pc now; what are the expected cost accounting postings ? (Assume Tax = 10%)

(more than one answers)

(A)    Cost center 4100 posted with $ 1650 and Cost center 1000 posted with $ 2200 if the Partial invoice has been set to “Apportion IR quantities to GR quantities one after another”.
(B)   Cost center 4100 posted with $ 1500 and Cost center 1000 posted with $ 2000 if the Partial invoice has been set to “Apportion IR quantities to GR quantities one after another”.
(C)   Cost center 4100 posted with $ 1400 and Cost center 1000 posted with $ 2100 if the Partial invoice has been set to “Apportion IR quantities to GR quantities proportionately”.
(D)   Cost center 4100 posted with $ 1540 and Cost center 1000 posted with $ 2320 if the Partial invoice has been set to “Apportion IR quantities to GR quantities proportionately”.
(E)   Cost center 4100 posted with $ 1600 and Cost center 1000 posted with $ 2400 if the Partial invoice has been set to “Apportion IR quantities to GR quantities proportionately”.
. 

Question no 1953 : Account Posting during Invoice Verification

In SAP MM ECC6.0, assume the following consumable scenario and answer the question:
. Account Assignment "K" for cost center
. Item category " " (blank) for standard
. Material master is entered in the consumable PO
. PO Quantity 100
. Net Price per unit $50
. No other pricing condition
. 40% distribute to cost center 4100, 60% distribute to cost center 1000
. Item set at GR-Valuated


We received the above Purchase order in full quantity of 100 pc. What are the expected financial and cost accounting postings at invoice verification assuming goods receipt of 100 pc was completed ? (Assume Tax = 10%)

(only one answer)

(A)   Accounting document posted with Debit GR/IR Account $5000, Debit Tax Account $500, and Credit Vendor Account (Control Account) $ 5500.
(B)   Accounting document posted with Debit Stocks Account $5500 and Credit GR/IR Account $ 5500
(D)   Cost Accounting document posted with $2000 for Cost center 1000 and $3000 for Cost center 4100.
(D)   Cost Accounting document posted with $2200 for Cost center 4100 and $3300 for Cost center 1000.
(E)   None of the above.