SAP practice questions with answers

Index Page no
1. Organization structure and basics 02

2. Technical questions 13

3. AP Related questions 16

4. AR related questions 21

5. Bank related questions 25

6. Asset Accounting related questions 27

7. GL and other basics related questions 33

(A) Organization structure and other basics

1) A client. (Single)

A. only contain a single chart of accounts

B. may contain multiple charts of accounts
C. only use one exchange rate type
D. only has one controlling area

2) Identify the correct statement(s) regarding organizational elements within the R/3 System.

A. Business area is defined at client level and changed in transactions defaulted by Cost Center.
B. A plant is a location in which inventory quantities and values are stored or manufactured.
C. A Controlling area can comprise several company codes using different chart of accounts but must operate
in the same currency.

3) Which of the following statements is true? ( Single Choice)

A. A Company code can belong to more than one controlling area.

B. A plant must be allocated to a company code.
C. A controlling area and a company code must have the same local currency.
D. A business area and a company code are assigned to each other in the corporate structure IMG

4) The productive indicator in the Company Code controls the following.

A. Blocks Implementation Guide menu path

B. De-activates the delete documents and delete master data programs
C. De-activates the Transport and Correction Request System
D. Prevents the fiscal year variant from being changed in the Company Code
E. Prevents the Chart of accounts from being changed in the Company Code

5) Identify the correct statement

A. Business area is defaulted to a Co code in FI.

B. Business area is mapped to a co. code in controlling area.
C. Business area is used for internal P&L a/c and Balance sheet.
D. Business area if activated in FI will necessitate an assignment in controlling area master record.
E. Business area can be mapped to profit center in company in order to produce more accurate P&L account.

6) Please select the correct answer.

A. The business area can run across many company codes, i.e. all company codes can post in all
business areas.
B. A company code may belong to more than One Controlling Area.
C. Each company codes uses exactly one chart of accounts and one controlling area for assignments
D. Business areas are used to create internal balance sheets and income statements.
7) Identify the features of a Business Blueprint from the following list: (There are more than one
correct answer for this question)

A. Business process groups

B. Blueprint document
C. Associated items
D. Business groups
E. Business scenarios
F. Blueprint structure

8) The area menus can be displayed but not changed in area menu maintenance

A. false
B. true

9) What of these alternatives are considered master data (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)? (4)

A. Chart of Accounts.
B. G/L Accounts.
C. Vendor.
D. Customer.
E. Asset.

10) Which of the following statements are correct with respect to business area

A. One business area can be used for many company codes

B. business areas must be assigned to company code in the IMG
C. they are used for internal P&L and balance sheets
D. a company code can have many business areas

11) Which of the following statements are correct?

A. a plant is assigned to only one company code

B. a company code must be assigned to one chart of accounts only
C. a chart of accounts can be assigned to multiple company codes
D. a plant can be assigned to many company codes

12) What are true with respect to business area

A. a company code can have many business areas

B. a business area can be across company codes
C. use of business area is not optional in R/3 system
D. balance sheets and profit and loss statements can be drawn up for business areas

13) Which of the following statements may be false with respect to a business area

A. the use of business area is optional

B. a company code can have many business areas
C. business area balance sheet will always balance
D. none of the above
14) The standard delivery clients in a R/3 system are

A. client 000, 001 and 002

B. testing client 777 and training client 999
C. client 001, 000,002 and training client 999
D. client 000 and 001
E. client 001, 000, testing client 777 and training 999

15) What are all the possible meanings of the word „client‟ that have been used

A. a customer implementing R/3 system

B. an individual PC in which batch inputs are done for uploading to SAP at a later date
C. the highest technical entity in R/3
D. the data server
E. the front end presentation PC which interacts with SAP system

16) The three tier in R/3 system is represented by

A. client, customer and application

B. data, user and application
C. user, data base, programs
D. presentation client, R/3 application and data base
E. application, data base and customer of R/3

17) The entity in R/3 to provide financial statements and results at the lowest level is

A. company
B. company code
C. controlling area
D. plant
E. enterprise controlling

18) Which of the following statements is always false with respect to a company code

A. a company code can have many plants

B. a company code can have many companies
C. a company code can be linked to only one controlling area
D. a company code need not be linked to an operating concern
E. a company code can have many sales organizations

19) Which of the following statements are always true

i) a sales organization can be assigned to only one company code

ii) a company can have many company codes
iii) a company must be linked to a controlling area
iv) a company code must always be assigned to a company
v) an operating concern can indirectly contain only one company code
20) Which of the following entities are optional to implement the core financial module of R/3

A. operating concern
B. controlling area
C. business area
D. plant
E. company code

21) The menu hierarchy in standard R/3 system is

A. main menu, application menu and task menu

B. main menu, sub menu, task menu and help menu
C. system menu, application menu and help menu
D. main menu, application menu and help menu
E. client menu, application menu and user menu

22) For a user with two user ids to the same SAP R/3 client, the maximum no. of
sessions that could be open are
A. six
B. nine
C. twelve
D. eighteen
E. twenty four

23) The order of fields as they appear during the log on to an R/3 system is

A. client, user id, password

B. language, client id, password
C. client, user id, password, language
D. user id, client, password, language

24) Which of the following is not seen by the user normally in the status bar of the SAP screen

A. client number/id
B. session number
C. data server name/id
D. user id/name
E. information, error, and warming messages

25) A user has multiple sessions open and when open of the session is closed by the user

A. the system does not automatically save the data/information of the session being closed
B. system always prompts for saving the data in the session being closed
C. system always automatically saves the data/information of the session being closed without prompting’
D. system prompts for saving the data of the session being closed at the time of user log-off from the system

26) Which of the following entities cannot be directly assigned to a company code

A. company
B. business area
C. controlling area
D. functional area
E. financial management area

27) ABAP stands for

A. advances in business applications programming

B. applications in business and advanced program
C. advanced business applications programming
D. advanced business for advanced program
E. advantage in business applications programming

28) What of these alternatives are considered master data

A. Chart of Accounts.
B. G/L Accounts.
C. Vendor.
D. Customer.

29) Which of them are valid business transaction types for cash journal

A. Expense.
B. Revenue.
C. Customer Incoming/Outgoing payments
D. All the above

30) SAP Solution Manager is

A. A customer platform that enables representation and documentation of the entire SAP documentation.
B. A platform that provides a single point of access into component systems for design, configuration and
testing activities.
C. A platform that provides with the Business Process Repository central access to the list of predefined
business scenarios, which serve as a starting point for identifying the project scope to be implemented.
D. A platform that helps reducing the total costs of ownership (TCO).
E. All the Above
F. None of the Above

31) Which of the following are interactive functions available in the SAP List Viewer
There are 3 correct answers to this question.
A. Dual control.
B. Sorting.
C. Master data modification.
D. Summation.
E. Filters.

32) Which statements are correct? (2 Answers)

A. A company code can be assigned several workflow variants

B. A task can be assigned one possible processor only
C. It is possible to design multilevel workflow sequences
D. The same workflow variant can be assigned to several company codes.
Note : One workflow variant can be used for several company codes. It is possible to create multilevel
workflow sequences. Individual tasks can usually be assigned several possible processors.
33) Name reasons for archiving data. (3 Answers)

A. Improve response times

B. Keep data secret from auditors
C. Reduce system downtimes during software upgrades
D. Lower the effort involved in database administration

34) Which prerequisites are checked by the system before deleting master data? (4 Answers)

A. For GL account: has a deletion indicator been set?

B. For customers: have they been created before 1995
C. For vendors: are there still transaction figures?
D. For GL accounts, customers and vendors: are there still documents?
E. For banks: is a bank balance sheet overdrawn?
F. For banks: are they still being used?

35) Which of the following are “special items” in financial statement version? (3 answers)

a) Profit and loss results

b) Expenses
c) Accounts not assigned
d) Notes to financial statement

36) Chart of accounts (1 Answer)

A. can be allocated to multiple company code

B. can be defined as the group chart of accounts
C. only contains definitions for G/L accounts
D. can only allocated to one company code.

37) A client. ( 1 Answer)

A. may only contain a single chart of accounts
B. may contain multiple charts of accounts
C. may only use one currency type
D. may only have one controlling area

38) Identify the correct statements relating to how the main business processes are integrated in the
SAP R/3 System. (3 Answers)

A. A purchase requisition is a documented request to purchase goods or services. In SAP it can be

created manually or automatically.
B. A goods receipt is the recording of the movement of materials into the warehouse. In SAP, a
financial document which updates the inventory account and an accrued liability account is created
C. The Invoice receipt and verification process compares the vendor invoice with the purchase order and
goods receipt. However, the corresponding financial transaction must be entered through the financial
module of R/3.
D. In SAP, payment processing reduces the liability to a vendor and a company¡¯s cash balance,
records discounts taken and disburses payment. E. A customer delivery is the transfer of the
ownership of goods. A customer delivery includes, creation of a delivery document, picking the goods
for shipment; physically transferring the goods to the customer and financially recording the goods
issue.

39) Identify the correct statement(s) regarding organizational elements within the R/3 System. (4
answers)

A. The Sales area combines the sales organization, distribution channel, and division.
B. The Purchasing Organization is responsible for the purchasing for the only one plant.
C. A plant is a location in which inventory quantities and values are stored or manufactured.
D. A Controlling area can comprise several company codes using different chart of accounts but must
operate in the same currency.
E. A profit center is used to generate income statements and operating profit statements.

40) Identify the correct statements. (2 answers)

A. All areas of an organization that are to be integrated into the R/3 Production system should be
included under one client.
B. The term “client dependent¡ refers to tables or data that relate only to the client which was accessed
during the log on process.
C. Due to the integrated nature of SAP, there are certain core organization elements that cut across the
modules. Client and company code are two of these core elements.
D. To determine the number of clients required, the focus is placed on data access and sharing strategies.

41) Which of the following statements is true? (Single Choice)

A. A Company code can belong to more than one controlling area.
B. A plant must be allocated to a company code
C. A controlling area and a company code must have the same local currency.
D. A business area and a company code are assigned to each other in the corporate structure IMG

42) The organizational units of Financial Accounting are used for external reporting purposes, that is, they
fulfill requirements that your business is subject to from external parties, for example, legal regulations.
Which of the following Organizational units are mandatory in an ERP system with FI? (More than one
answer is correct)
A. Client
B. Business Area
C. Company code
D. Company

43) You can configure different types of Chart of Accounts in the ERP system. Some of these are:

A. Operating chart of accounts

B. Group chart of accounts
C. Country-specific chart of accounts
D. Plant specific chart of accounts

44) The company code, business area and controlling area organizational units can be combined in a number
of ways. Using these combinations you can represent organizations with different structures. Which of the
following are valid combinations?

A. One Company Code can be assigned to multiple Controlling areas

B. One Controlling area can be assigned to multiple company codes
C. One business area can be assigned to multiple company codes
D. One company code can be assigned to multiple business areas
45) You need to assign more than one company code to one controlling area. Under what kind of a business
scenario would you need to consider such a decision?

A. Cross-company code transactions that MUST be processed in a controlling area

B. Multilevel Product Cost Management across company codes
C. Representation of intercompany processes, whereby producing and delivering plant are the same.

(B) Technical questions

What does the monitor provide? (4) (Note: we can have more than one correct sentence. Please select
the sentences you think they are correct)

A. The access to messages and result lists.

B. The visualization of both entire technical and business information.
C. The opportunity to postpone someone's tasks.
D. The opportunity to view the work of colleagues and the processing sequence, as well as the technical and
business status of every task.
E. The ability to monitor the total progress of period-end closing when the user uses more than one task list.

2) What is a SAP Business Object (Please choose the correct sentence)?

A. It is all the transaction data generated via transactions.
B. It is the instanced class of the Class Builder.
C. It is composed of tables that are related in a business context, including the related application programs
and it is maintained in the Class Repository.
D. It is the representation of a central business object in the real world, such as an employee, sales order,
purchase requisition, invoice and so on.
E. It is a sequence of dialog steps that are consistent in a business context and that belong together logically.

3) Identify the benefits of SAP Solution Manager. (There are 5 correct answers to this question)
A. More leverage from IT investments
B. Reduced cost of implementation
C. Reduced ROI
D. More reliable IT solutions
E. Faster ROI
F. Reduced cost of operation

4) At the Complete document call up point. We can use numeric fields as well as alpha numeric fields
with which we can primarily execute mathematical calculations.
A. False
B. True

5) In validation procedure, if the prerequisite statement is satisfied, a check is performed and if the
result of the check is TRUE, the system posts a message.
A. false
B. true

6) Identify the features of the service desk from the items listed below. (There is more than one correct
answer to this question)

A. SAP Help
B. Customer solution database
C. Error handling
D. Solution Manager diagnostics
E. Managing SAP Notes
F. Message handing process

7) A user has multiple sessions open and when one of the sessions is closed by the User,

A. The system does not automatically save the data/information of the session being closed
B.System always prompts for saving the data in the session being closed
C.System always automatically saves the data/information of the session being closed without prompting’
D.System prompts for saving the data of the session being closed at the time of user log-off from the system

8) Which of the following entities cannot be directly assigned to a company code?

A. Company
B. Business area
C. Controlling area
D. Functional area
E. Financial management area

9) ABAP stands for-

A. Advances in business applications programming

B. Applications in business and advanced program
C. Advanced business applications programming
D. Advanced business for advanced program
E. Advantage in business applications programming

10 SAP Solution Manager is -

A. [ ] a customer platform that enables representation and documentation of the entire SAP documentation.
B. [ ] a platform that provides a single point of access into component systems for design, configuration and
testing activities. 15
C. [ ] a platform that provides with the Business Process Repository central access to the list of predefined
business scenarios, which serve as a starting point for identifying the project scope to be implemented.

D. [ ] a platform that helps reducing the total costs of ownership (TCO).

( C ) AP Related questions
1) Company codes from different countries cannot tie processed in same payment run

A. false
B. true

2) It is not possible to use two check series for making payment

A. False
B. True
3) Payment cannot be made by adjusting a special G/L transaction which is posted in G/L

A. False
B.True

4) What characteristics are configured as standard for every customer/vendor account (Note: we can
have more than one correct sentence. Please select the sentences you think they are correct)? (2)

A. Line Item Display.

B. Company Code.
C. Currency.
D. Open Item Management.
E. Purchasing Organization.

5) Which statement is true? (Multi)

A. In Vendor master record it is possible to activate a check for duplicate invoice at doc entry
B. 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 within customizing

6) 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

7) Which of the following about vendor transaction is correct? (Multi)

A. Vendor down payment is shown on balance sheet under normal reconciliation account for payables.
B. Special g/l transaction is one, which is included in special purpose ledger under coding block in G/L
account.
C. A vendor down payment request cannot be included in payment program to produce down payment
D. A vendor down payment request is a noted item.
E. Vendor down payment is cleared after final invoice is received from vendor

8) Which is correct?

A. Customer master is divided by client level & co. code level.

B. In case of one time customer – customer address in entry.

9) Which is correct?

A. If a customer is also a vendor system includes outstanding account receivables invoice items in the
program.
B. If a customer is also a vendor system includes outstanding account receivables invoice items in the
clearing.
10) Which of the Following statements about automatic payment are correct?

A. In automatic payment procedures, all incoming invoices as of the second dunning level are paid
automatically
B. Direct debiting or bank collection can be used in automatic payment procedures to clear customer invoices
C. Open items posted to G/L accounts can be cleared using the payment program
D. Special G/L transactions (down payment)can be posted using the payment program
E. The payment program can pay vendor invoices using wire transfers and checks

11) Imagine the following scenario:

A company wants to execute a payment run on a daily basis and process several company codes at the same
time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$
1000 is to be paid by check. The customer has two house banks and wants all checks to be processed by bank
A and all

A. You store variants for print programs within customizing. Here you can specify that the information is to
be output to a data carrier
B. You specify, per house bank, whether payments are to be made by check only or also by transfer
C. You specify the payment method from within the application, in the master record
D. The payment proposal of the automatic payment program can only be displayed
E. You can precisely schedule the print program from within the application

12) According to which criteria does the payment program determine and select open items:
A. posting date and baseline date
B. document date and posting date
C. Baseline date and payment terms
D. Posting date and cash discount periods
E. Posting date and payment terms

13) Which of the following statements are true with regard to the customizing setting for banks in the
automatic payment run?
A. The sequence of the banks for processing outgoing payments is selected randomly
B. You can only determine one payment method per house bank
C. You can select several payment methods per country
D. You can specify by bank and method the anticipated number of days before the bank account is debited
E. You can determine the banks to be used for payments according to postal code

14) Which of the following factors do the systems take into account in a payment run?
A. Fiscal year variant
B. Payment method specifications in the IMG
C. Specifications in the vendor master records
D. Information in the documents(incoming invoices)
E. Specifications made when maintaining the payment run parameters

15) Identify the correct statement(s). (Multi)

A. The vendor master record is divided into three different data areas; General data, Accounting data and
Purchasing data.
B. When the goods receipt is posted, the system automatically updates the general Ledger accounts by the
value of the goods receipt. It is also possible to include an additional account assignment object such as cost
center, order or asset.
C. MM and FI set up and use different account groups for their respective view of the vendor master record.
D. The account group determines the number interval for assigning the account Number to the vendor,
whether or not the number in internally or externally Assigned, and what fields are mandatory, suppressed,
displayed and optional
E. A purchase requisition is a binding contract with a vendor to supply certain materials or Services based on
certain terms and conditions.

16) Which of the following statements about transactions are correct? (Multi)
A. An invoice may be parked by clerk and a workflow message sent automatically to the supervisor.
B. Credit memos can be included in the payment program to reduce the final invoice Value paid.
C. A parked invoice has a temporary document number assigned by the user.
D. An invoice which has been cleared by the payment program can only be reversed After the cleared line
items have been reset.
E. An individual cheque cannot be printed automatically when you manually post an Outgoing payment.

17) Which of the following statements about one time accounts are correct? (Multi)
A. One time accounts must use an account group defined specifically for one time accounts.
B. A onetime account group must use a different number range from all other account Groups.
C. The vendor¡¯s name and address are not held in the onetime account master record.
D. Credit memos cannot be created for a one time vendor account.
E. You cannot change a onetime account master record once it has been created

18) Between which functions in the FI-MM module does a direct relationship exist? (Multi)
A. Requirement planning- Invoice Verification
B. Invoice verification- Account Payable.
C. Inventory Audit- Invoice Verification.
D. Purchasing – Invoice Verification.
E. Goods issue to a production order – G/L account

19) What are the four steps of the automatic payment process

A. Select open invoices, approve and/or modify payments, post payment documents and print payment media.
B. Maintain parameters, generate proposal run, start payment run and schedule print.
C. Approve and/or modify payments, generate proposal run, start payment run and schedule print.
D. Maintain parameters, start payment run, post payment documents and schedule print.
E. Select open invoices, maintain parameters, post payment documents and start payment run.

20) Accounting for down payment request involves

A. statistical items
B. parked items
C. noted items
D. regular items

21) Which of the following are the steps involved in the „payment process‟?
A. Setting parameters
B. Generating a proposal
C. Scheduling the payment run
D. Printing the payment media
E. All the above
F. None of the above

22) What are the four steps of the automatic payment process
 A. [ ] Select open invoices, approve and/or modify payments, post payment documents and print payment
media.
B. [ ] Maintain parameters, generate proposal run, start payment run and schedule print.
C. [ ] Approve and/or modify payments, generate proposal run, start payment run and schedule print.
D. [ ] Maintain parameters, start payment run, post payment documents and schedule print.
E. [ ] Select open invoices, maintain parameters, post payment documents and start payment

(D)AR related questions

1) Consider the following statements:
Which of the statements is false (Please choose the correct sentence)?

A. The account type field in terms of payment basic data screen should be defined separately, to prevent any done
change in the term of payment.
B. Terms of payments are copied from invoice to credit memos when they are linked to.
C. Inserting a "V" in the invoice reference field during document entry means the terms of payment are activated
in the non-invoice-related credit memos.
D. The day limits define the dates of the cash discount periods.
E. The system cannot define the split of an installment payment; at least you define it in the terms of payment.

2) What is the purpose of the terms of payment? (Please choose the correct sentence)
A. Define the baseline date.
B. Enable the cross-company code transactions.
C. Calculate a cash discount and invoice due date.
D. Calculate only the required conditions for SD invoices.

3) [FI-GL] the payment terms are used to define: One or more is correct
A. Baseline date for due date calculation.
B. Cash discount percentage rates.
C. The house bank.
D. Cash discount periods

4) Physical inventory is a MM/PP module transaction and hence no accounting entry is passed in G/L but
real stock is adjusted in MM/PP
A. True
B. False

5) About the dunning program configuration, what controls how dunning is carried out (Please choose the
correct sentence)?
A. Company Code.
B. Customer master record.
C. Dunning procedure.
D. Dunning texts.
E. Sales Organization.

6) In AP and AR, account group cannot be created with external number range

A. True
B. False
7) It is possible to get the report of customers created by a user in a company code
A. True
B. False

8) Which correspondence extracts all items in the chosen period from a customer‟s account displays the
balance carried forward balance and a closing balance of the account ?
A. Payment advice
B. Payment notice
C. Account statement
D. Dunning notice

9) Which of the following statements about creating customer master records are correct?
A. An account group always gets assigned to a customer.
B. The company code is always a required entry.
C. The account number may be assigned by the user externally.
D. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending
upon the account group.
E. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending
upon the company code

10) 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 the document itself.
C. Address, control data, and reconciliation account are included in the client level of the customer.
D. The most efficient way to create master records is to work with the external number range not internal number
range.

11) Which of the following statements are correct?

A. If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in
payment program.
B. If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you
clear incoming payment receipts for the customer.

C. The reconciliation account defined on the customer master record is an account used to reconcile CO
transactions back to FI.
D. All customers belonging to the same account group must be assigned to the same reconciliation account.
E. The alternative payer is used to transfer outstanding receivable item to the alternative payers account.

12 ) Which of following statements are correct? [multi]

A. The customer master data comparison the customers in the legacy system with the customers in the R/3 System.
B. The customer master data comparison compares which master records are already created in financial
accounting but not yet created in sales and distribution.
C. The customer master data comparison compares which master records are already created in purchasing but not
yet in sales and distribution.
D. The customer mater data comparison checks whether the customer master record contains a telephone number
13) Your customer wants to add a new company code and asks you to make the configuration settings for
document types and number ranges. What do you have to do?
Please choose the correct answer.

A. Allow all document types for the new company code.

B. Define number ranges for the new company code
C. Set a second number range for all document types.
D. No additional settings are necessary

14) Which object has to be used to avoid a change of the reconciliation account in the customer‟s master
data?

Please choose the correct answer.

A. The field status of the customer account group
B. The field status of the posting key.
C. The field status group of the reconciliation account.
D. The field status of the activity

15) What are the fields by which every dunning program run is identified? (2 answers)

A. Run
B. Program number
C. Customer number
D. Identification

16) Items that are to be dunned are grouped together in dunning notices if they have the same of following:
(3 answers)

A. Company code
B. Dunning area
C. Account
D. Number range

17) You are responsible for 'dunning' configuration. Which of the following are parts of configuring the
dunning functionality?
A. Dunning Codes
B. Dunning Items
C. Dunning areas

(E) Bank related questions

1) [Bank-Master Data] Bank master data records can also be manually: One or more is correct

A. On the general data section of customer & vendor masters.

B. At one-time (account) document entry.
C. In the account ID
D. When defining house bank.

2) Through bank statement entry, we can enter the entries like bank debits for bank charges,
commission, etc. Which will make a direct posting into the G/L?

A. True
B. False
3) Which of the following statements are correct?

A. When creating a House bank, you do not need to specify the country.
B. The payments program can use a different House bank for each different payment method
C. A House bank account can be defined in more than one currency
D. House bank master data must be created in advance, before assigning the House bank to a payment
method in the payment program configuration
E. A house bank can be assigned to a business area within the payment program configuration

4) In a Payment method definition

A. Define a maximum and min payment

B. Define house bank link
C. Define allowed currency for company code
D. Define allowed currency for country level

5) Which of the following statements about House banks are correct?

A. House bank is linked in all FI Accounting masters

B. House bank Account ID is linked in all FI accounting masters
C. House Bank currency is controlled by Vendor master
D. Vendor Master currency controls AP payment
E. Payment method currency alone controls House Bank account ID postings to GL

6) Which of the following statements about creating customer master records are correct?

A. An account group always gets assigned to a customer.

B. The company code is always a required entry.
C. The account number may be assigned by the user externally
D. Information on each screen may be defined in configuration as mandatory, suppressed or optional,
depending upon the account group.
E. Information on each screen may be defined in configuration as mandatory, suppressed or optional,
depending upon the company code.

7) Which of the following order types are internal orders?

A. Capital investment orders for creating assets.

B. Maintenance orders.
C. Sales orders for make-to-order function
D. CO production orders.

8) Which of the following statements are correct regarding Internal Orders?

A. Once an order has been released, only closing entries can be made.
B. Transactions can be allowed or disallowed depending in the order status.
C. Additional order status categories can be created in the order master.
(F) Asset Accounting related questions-
1) The transfer from the under-construction phase to completed asset is referred to here as __
Capitalization of the asset under construction

2) What are the fields that can be used as selection criteria in reporting from the below given options.

A. Evaluation groups: These are asset master data fields for which the user can specify use and meaning.
B. Reason for investment: In this master record field, you can enter a reason for the investment.
C. Environmental protection indicator. Here you can enter a measure taken to comply with environmental
protection laws

3) By the period control method of the depreciation key, the asset value date is determined for each
depreciation area.

A. false
B. true

4) Asset history sheet is the most important and most comprehensive yearend report or intermediate
report

A. false
B. true

5) The Asset Value Date determines the depreciation start date of the asset. This date is determined for
each depreciation by the period control method of the depreciation key.

6) If a closed year is subsequently released for posting, it can only be closed again once the year-end
closing program has been re-run.

A. false
B. true

7) It is possible for the planned depreciation to be displayed through assigning depreciation terms and
a planned start-up date to the order or project.

A. false
B. true

8) The master data section of ASSET CLASS consists with control data and default values for the
administrative data in the asset master record

A. Yes
B. No

9) Preparation for year-end closing: (one or more options are true)

A. If you change any depreciation values, you must run depreciation posting again.
B. Once depreciation has been posted in FI-AA and FI, a balance sheet and profit and loss statement can be
created.
C. If an area posts APC values to the general ledger periodically, you will need to run report RAPERPOO for
periodic posting.
D. After the depreciation lists and asset history sheet have been checked, depreciation is posted.
E. If the final result is not satisfactory; you can carry out depreciation simulation or (bulk) changes, or make
adjustment postings.
10) What are the depreciation terms that are mainly used as additional parameters in the cost-
accounting depreciation area?

A. scrap value
B. index
C. variable depreciation

11) Several company codes can use the same chart of accounts, although they have different charts of
depreciation

A. true
B. false

12) According the Replacement Values: Index (one or more options may be true)

A. An indexed revaluation can also be calculated for accumulated depreciation and imputed interest.
B. Only year-dependent index classes are used.
C. The index series must be assigned to an index class.
D. You enter the index series in the asset or in the asset class

13) SAP provides model charts of depreciation for many countries but we can also define our own
chart of depreciation (by copying and changing)

A. Yes
B. No
14) One of the main tasks of Asset Accounting is to represent the Asset Portfolio in the detailed form of
an asset history sheet.

15) You can define whether interest should be calculated for the cost-accounting depreciation area, and
whether depreciation should continue below zero.

A. true
B. false

16) The asset history sheet reports and other FI-AA report use the Transaction type to identify the
different kinds of transactions and display them separately

17) What depreciation key is used to ensure that depreciation is not calculated for assets under
construction in depreciation areas for the balance sheet?

A. 2000
B. 0000
C. 1000

18) The maintenance levels in me system are: One or more is correct

A. Sub-number.
B. Main number.
C. Asset class
19) AuC is a special form of tangible assets. They are usually displayed as a separate balance sheet item
and therefore need a separate account determination in their asset classes.

A. false
B. true

20) By using screen layout control you can specify the field attributes in the asset master record and
the maintenance level of the fields
A. true
B. false

21) You can use the Schedule Manager to manage the following periodic processing in Asset
Accounting One or more is correct.

A. Automatic pasting of asset transactions from a depreciation area to the General Ledger.
B. Posting depreciation

22) The following parameters can be changed on a time-dependent basis: one or more is correct

A. Absolute scrap value.

B. Variable depreciation amount.
C. Percentage scrap value.
D. Depreciation key.
E. None of the above.
F. Useful life.

23) [FI-AM] Several asset class can use the same account determination if. One or more is correct.
A. Post to same G/L accounts.
B. Post to different G/L accounts.
C. They use the same chart of account.
D. The different company code

24) You can manage the under construction phase in FI-AA in the following ways

A. As an asset master record with line item management.

B. As a normal asset master record (for summary settlement).

25) Asset under Construction require a separate asset class and corresponding G/L account, because
they have to be shown separately in the balance sheet.

26) Choose the correct sentences....

A. If the depreciation attributes are specified by the system, they are not changeable.
B. Several charts of depreciation can also be assigned to an asset class.
C. Various company codes can be assigned to the chart of depreciation.
D. The sample chart of accounts provided by SAP cannot be adapted to need your own requirements.

27) Consider the following in case of number range intervals: One or more is correct

A. The number ranges can be defined at company code level.

B. The number assignment is uniform for the asset class by specifying the number range for an asset class in
the asset class.
C. You can choose between external and internal number assignment by specifying correspondingly defined
number range.
D. Alphanumeric intervals can only be assigned externally.
E. You may choose small intervals, since an extension is possible if the extension already belongs to another
interval.
F. in Customizing for the asset class, specify the number range per company code, and specify whether
assignment from the number range should be carried out externally or internally.

28) Which objects can be assigned to an asset master record?

There are 3 correct answers to this question

a) Cost center.
b) Internal order.
c) Profit center.
d) WBS element.
e) Profitability segment.

29) Where do you define the reconciliation account that will be used by an asset? (1 answer)
A. Account determination in asset class
B Account number in fixed asset
C Account determination in depreciation area
D Account number in depreciation area

30) The depreciation position program RAPOST2000 can be used to record the following: (choose the
correct answer)
A. Ordinary (book and cost-accounting) depreciation
B. Tax special depreciation or the allocation and write off of reserves for special depreciation on the basis of
tax special depreciation
C. Unplanned depreciation (or other manually planned depreciation)
D. Imputed interest
E. APC revaluation below/above the accumulated depreciation
F. All of the above
(F) GL and other basics related questions
1) Consider the following sentences about field status:
Fields which ______ can be made ______.
Fields that can be entered, but are not required, can be set to ______ entry.
Which of the options below matches the blank spaces of those sentences?
A. must not have an entry/optional for 1; suppressed for 2)
B. must have an entry/suppressed for 1; suppressed for 2)
C. must have an entry/optional for 1; optional for 2)
D. must have an entry/required for 1; optional for 2)
E. must not have an entry/required for 1; optional for 2)
2) For which scenario can you use the cash journal?

A. To post incoming and outgoing payments in any transaction currency.

B. To make remittances to vendors.
C. To record documents that will not be included in the general ledger.
D. To manage cash in local branches and offices
3) Tax calculation by system are usually posted via separate line item to a special tax account in
standard scenario

A. true
B. false

4) What do the posting keys specify? (4)

(Note: we can have more than one correct sentence. Please select the sentences you think they are
correct)?

A. Whether the accounts are allowed for posting.

B. Whether the line items are valid for a business transaction.
C. Whether the line items contain "credit" or "debit" values.
D. Whether the line item is connected to a payment transaction or not.
E. Whether the posting is sales-relevant and the sales figure of the account is to be updated by the transaction,
for example, by the posting of a customer invoice

5) [FI-Master Data] Field Status group control:

A. the GL account group.
B. The fields for data entry screens.
C. The number ranger.
D. The account type.

6) The Maintenance level specifies the master data level at which each field can be maintained.

7) The number of the G/L account to be charged can be automatically suggested by the system
provided that automatic account determination has been defined for company code

A. false
B. true

8) A document can only be reversed if: One or more is correct.

A. The original document contains no cleared line items, if the document does contain cleared items, then
these items must be reset before reversal can take place.
B. The original document contains only customer, vendor and G/L line items.
C. The original document was posted in FI system or originating in other modules.
D. All specified values (such as, cost center) are not still valid.

9) What are the elements that are available to enter rules for the prerequisites (validation &
substitution) and check (validation):

A. Logical Operator (Boolean terms)

B. Comparison operators
C. Operands

10) Which of the sentences is false (Please choose the correct option)?

A. the Accrual Engine is a generic tool for calculating and creating accrual postings.
B. One of the disadvantages of being using the Accrual Engine is that you can make periodic accruals
postings automatically as performance optimized mass data processing using an accrual run.
C. You have to create deferrals when an expense or revenue is posted in the current period, but is incurred or
earned partly or completely in the future.
D. The purpose of the account determination in the Accrual Engine is: determine the document type, the debit
account and the credit account.
E. One of the advantages of schedule manager is the closing process is more transparent and easier to handle

11) The organizational units of Financial Accounting are used for external reporting purposes; that is,
they fulfill requirements that your business is subject to from external parties (e.g. legal regulations).
Which of the following Organizational units are Mandatory in an ERP system with FI? (There are 3
correct answers to this question.)

A. Client
B. Fiscal Year
C. Business Area
D. Company Code

12) It is not possible to void unused checks

A. False
B. True
13) The program RAPOST2000 directly posts to the G/L accounts and additional account assignment
objects

14) A tax code may have several tax rates entered for different tax types

A. False
B. True
15) Please choose the right answer: (3)

A. Every company code that needs to use an account from the assigned chart of accounts has to create its own
company code segment
B. For P+L statement accounts, the balance is carried forward to the same account.
C. In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or
a profit + loss statement account.
D. Number intervals for G/L account master records can overlap.
E. It is not possible to influence the appearance of an account's master data
16) All special G/L transactions are posted to G/L accounts

A. False
B. True

17) All reconciliation accounts and all G/L accounts with open item transactions in foreign currency
must be assigned to the G/L account for realized losses and gains. Which of the following options exist
for this assignment one or more is correct.

A. A single G/L account cannot be used per currencies and currency types.
B. A single G/L account can be used per currency.
C. A single G/L account cannot be used per currency type.
D. A single G/L account can be used for all currencies and currency types.

18) [FI-Master Data] Define GL Account Group. One or more is correct.

A. The account group only determines in which number interval the GL account number must reside.
B. The account group also determines in which number interval the GL account number must reside.
C. The GL account group is a classifying feature for general ledger master records.
D. The account group determines the fields for data entry screens if you create or change a master record in a
company code.

19) Only balances in local currency indicator set in balance sheet accounts that are not managed in
foreign currencies and not managed on open item basis

A. false
B. true

20) Consider the following sentences:

1) A base currency can be assigned to an exchange rate type.

2) To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a
base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling
rates (B and G).
3) A base currency can be used for an average, a buying or a selling rate.
4) The relations between currencies have to be maintained per exchange rate type and currency pair in the
translation factors. Which of these combinations is true? (1)

A. 1, 3 and 4
B. 1, 2 and 4
C. 2, 3 and 4
D. 1, 2 and 3
E. 1, 2, 3 and 4

21) A chart of accounts (Multi)

A. can be allocated to multiple company code

B. can be defined as the group chart of accounts
C. only contains definitions for G/L accounts
D. Can only allocate to one company code.
22) Which of the following statements is true when configuring a group chart of accounts?
A. In the company code segment of every operational account, the group account number will be a required
entry.
B. The group chart of accounts is assigned to the company code in the company code global parameters
screen.
C. When the assignment is made between the group and operational chart of accounts, the field group
account number becomes an optional entry.
D. A one to one relationship exists between the group account number and the operational account number in
the G.L. master.

23) Which are true regarding operational chart of account? (Single).

A. To perform allocations between companies codes in the controlling each company code must be assigned
to its own operational COA.
B. A company code can choose to work with multiple operational COA.
C. If cross company code controlling is required the same operational COA must be used.
D. Company code with different base currency must work with their own operational COA.
E. The operational COA is optional by co. code.

24) The entering a document using a foreign currency, which date is used to determine the exchange
rate if the translation date is not entered?

A. Posting date
B. Document date
C. Baseline date
D. Entry date

25) Which type of currency will R/3 always track when posting a document? (Single)

A. Local currency
B. Group currency
C .Transaction currency
D .Group & transaction currency
E. Local & transaction currency

26) Which of the following statements supports the reversal of a document?

A. The original document contains no cleared line items.
B. Documents originating in other modules should be corrected there to allow the changes to flow naturally
through to financial accounting.
C. If a reversal date is not specified, the system reverses the document using the posting date of the document
to be reversed.
D. A new document number is created for the reversal document.

27) Choose the correct statements regarding recurring documents.

A. When creating a recurring document, the valid time period must be defined.
B. The posting date is determined by either the run date or the run schedule.
C. Field values can be changed in recurring document.
D. After running the recurring document posting, the next run date cannot be displayed.
E. The original recurring document can be deleted from the batch input menu.

28) Bulk change of line item - this function allows you to change a whole group of line items
simultaneously, instead of having to change individual items in the documents. What data can you
change using this function?
A. The reconciliation account
B. The company code
C. The payment terms and payment block
D. The house bank and payment method

29) which of the following statements are correct?[multi]

A. Posting keys are used to define the screen layout for document entry and take priority over other field
status groups.
B. Validations and substitutions can be carried out in FI but not in the Special Purpose Ledger
C. The main purpose of a payment advice note is that it can be used to automatically search for and then
compare open items as part of the clearing process, thus eliminating the need to make individual selection
entries.
D. Two of the currencies available in the FI system are the transaction currency and the company code
currency; these are defined at country level within configuration.

30) Which of the following statements in correct?[single]

A. The field status definition controls the Document type, Posting key and Account number.
B. The documents number assignment can be controlled using the Account type.
C. The tax rates and tax codes for the various countries are predefined by SAP.
D. The field status definitions determine the screen layout, when you enter a document using the relevant G/L
account.
E. The document type controls which company code is used in a G/L posting.

31) What controls whether a line item is a debit or credit and specifies the type of account for a line
item. (Single)
A. Posting key.
B. Document type
C. Account group
D. Field status

32) What controls the number assignment assigned to a financial document in R/3 (single).
A. The number range assigned to the account group.
B. The number range assigned to the document type
C. The number range assigned to the Posting key
D. The field status group

33) Closing of period is controlled by. (Single).

A. Posting Period variant.

B. Fiscal year variant.
C. Field status variant.
D. Closing period variant.
34) Where are the posting period defined. (Single)
A. Posting period variant.
B. Fiscal year variant.
C. Field status variant
D. Closing period variant

35) Consider the following statements: Which of the statements are true

1. Accounts with open item management must have line item display activated. 2. You can activate or
deactivate open item management every time, even if the account hasn't a zero balance. 3. You can select
both local and foreign currencies as account currency. 4. If the account is the local currency, the account can
only be posted to this currency. 5. When using the "Only Balances in Local Currency" indicator in the master
data record, transaction figures are only managed for amounts translated into local currency.
a) [ ] 1.
b) [ ] 2.
c) [ ] 3.
d) [ ] 4.
e) [ ] 5.

36) Fiscal year can be

A. year dependent
B. year independent
C. both year dependent and year independent

37) The length of G/L account number should be mentioned in

A. G/L account groups

B. G/L account
C. Chart of accounts
D. None of the above
38) Posting keys are used to decide
A. dr/cr indicator, field status of transaction screen, account types
B. dr/cr indicator, account types
C. dr/cr indicator, field status of transaction screen, account types, special G/L
D. applicability
E. dr/cr indicator, field status of transaction screen

39) How many parallel currencies are possible and at what level they are assigned?
A. 2 local currencies, chart of account
B. 3 local currencies, chart of account
C. 2 local currencies, company code
D. 3 local currencies, company code

40) In which of the following processes do the original invoices remain as open items
A. residual payment
B. partial payment
C. charge off difference
D. distribute difference

41) In New GL, how would you incorporate companies with different fiscal years if you wanted to
assign them to the same controlling area? Please choose the correct answer.
A. Use the same fiscal year variant for all company codes and do a reversible close for the company codes
that have different fiscal years.
B. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes
that have different fiscal years.

C. Create company codes with different fiscal year variants and assign them to the same group company for
reporting purposes.
D. Create company codes with the same fiscal year variant and assign the company codes that have a
different fiscal year to non-leading ledgers with the appropriate fiscal year variant.
42) When parking a document, which of the following occurs in the system?
Please choose the correct answer.
A. The document number is assigned and transaction figures are updated.
B. The document number is not assigned and transaction figures are not updated.
C. The document number is assigned but transaction figures are not updated.
D. The document number is not assigned but transaction figures are updated.

43) Which are the necessary steps to create a validation? Please choose the correct answer.
A. Prerequisite, check, update, control
B. Check, update, message
C. Check, control, message
D. Prerequisite, check, message

44) How many possibilities are possible with New General Ledger? Choose all that apply. (Multiple
Answers)

A. Account balancing with any characteristic

B. Customer Fields Extensibility
C. Segment Reporting
D. Reduction of Total Cost of Ownership
E. Transparency and Uniformity

45) The New General Ledger now consists of what functions? Choose all that apply. ( 2 Answers)

A. FI Classic
B. Profit Center Accounting
C. Product Costing
D. Reconciliation Ledger
E. Schedule Manager

46) What are the advantages of using the New General Ledger? Choose all that apply. (Multiple Answers)

A. Extended data structure

B. Document (Online) Split
C. Real Time Integration between CO and FI
D. Multiple Ledgers can be maintained under leading ledger.
E. Interfaces for entering the data and postings are nearly identical.
F. All the above
G. None of the above

47) Please choose the correct answer.

A. The New GL is optional for existing SAP Customers.

B. New SAP customers will have to activate New GL by Default.
C. ECC 6.0 will prohibit the use of PCA above General Ledger.
D. The new SAP Installation will choose between Old and New Ledger. E. Customers within New Ledger
will have limited extensibility.

48) What is the purpose of account determination in the accrual engine?

There are 2 correct answers to this question.

a) To determine the document type

b) To determine the CO object
c) To determine debit and credit accounts.
d) To determine the correct posting period.
49) For which scenario can you use the cash journal?
Please choose the correct answer.

a) To manage cash in local branches and offices.

b) To make remittances to vendors.
c) To post incoming and outgoing payments in any transaction currency
d) To record documents that will not be included in the general ledger.

50) What are the necessary elements required to create a customer-specific drilldown report for New
General Ledger Accounting?
There are 2 correct answers to this question.

a) A form.
b) Characteristics.
c) Variables.
d) A report header

51) Which of the following are special G/L types? Choose the correct answers ( 2 answers)

A. Noted items
B. Down payments
C. Automatic offsetting entries (statistical)
D. Free offsetting entries E. Other types

NOTE : Down payments, bills of exchange and other types are referred to as special general ledger classes

52) The following applies to the special general ledger type of noted items. Choose the correct answers (3
Answers)

A. The special G/L indicators of your own can be created of this type
B. The account for the offsetting entry is selected automatically
C. No postings are made on an offsetting account
D. Noted items are posted on an alternative reconciliation account
E. Noted items cannot replace any proper FI documents.

NOTE : Noted items are purely ‘reminders’. No zero balance check is made since no assignments are made to
offsetting accounts

53) What Customizing transaction will activate the New General Ledger? Choose the correct answer.
A. FANEWGL_ACTIVATION
B. FAGL_ACTIVATION
C. GL_ACTIVATION
D. NEWGL_ACTIVATION
E. FIGL_ACTIVATION

54) After Activating the New GL, what following changes will take place? (3 answers)

A. There will be new Paths for New GL in addition to existing (Old) GL.
B. Conventional Financial Accounting Paths will remain at their present form.
C. Old paths can be eliminated by running RFAGL_SWAP_IMG_OLD
D. Old paths can be eliminated by running FIGL_SWAP_IMG_NEW
55) What will be the new ledger definitions after the activation? (3 answers)

A. Control Parameters (as before) will be from company code.

B. The leading ledger will manage local currency(s) assigned to company code.
C. New GL will use the same Fiscal Year Variant and Posting Period Variant that is assigned to company
code.
D. There will be or can be multiple leading ledgers.
E. If multiple ledgers are used, values from all the ledgers can be posted on to CO.

56) Choose the correct answers ( 3 answers)

A. After activation, Financial Accounting Document will have two views: the entry view and the GL View.
B. Entry View will be the same in sub-ledgers (AR / AR / AA / Taxes).
C. The way the document will appear in General Ledger view will be the same as Entry view.
D. There will be no extra views on documents and no changes will be made.

57) Pre-closing activities that begin in the old month include: (2 answers)

A. Open new accounting period

B. Foreign currency valuations and financial statement adjustments
C. Enter accruals/deferrals, process recurring entries and bad debt expense in AR, post depreciation and
interest expenses in asset accounting
D. Creation of external and internal reports

58) Which of the following are required settings for foreign currency valuation? Choose the correct answer

A. Define exchange rates

B. Define valuation methods
C. Define expense and revenue accounts for exchange rate differences
D. Specify balance sheet adjustment accounts for receivables and payables.
E. All of the above
F. None of the Above

59) The Accrual Engine can be used for the following purposes.( 3 answers)

A. Lease accounting
B. Provisions for awards
C. Automatic accruals in financial accounting
D. Intellectual property management

Note: The Accrual Engine can be used for manual accruals in financial accounting, in addition to the above

60) The „posting period‟ can be defined for each (3 answers)

A. Company code
B. Accounting principle
C. Posting period variant
D. Accrual type
61) The „purpose of account determination‟ is to determine the following (3 answers)

A. Document type
B. Debit account
C. Credit account
D. Balance sheet account

62) Accounts are determined using „derivation rules‟ consisting the following. Which of them is optional (1
answer)?
A. Source fields
B. Target fields
C. Conditions
D. Rule entries

63)Which of the following are fields of „General Data‟ in customer/vendor accounts?

(2 answers )
A. Address
B. Insurance
C. Control data
D. Account management

Other two are fields of company code data

64) In SAP every document is uniquely identified by the following fields. ( 3 answers)
A. Company code
B. Document number
C. Fiscal year
D. Posting period

65) Which of the following are advantages of document splitting? (3 answers)

A. Accelerate closing
B. Increased data quality
C. Extensibility and flexibility
D. Real-time integration

66) Which of the following is not correct? (1 answer)

A. The main ledger generally reflects the accounting principle used to draw up consolidated financial
statements.
B. The main ledger is the only ledger that is integrated with controlling module by default.
C. For parallel financial reporting, other ledgers cannot be used in addition to the main ledger.
D. Consolidated financial reporting is normally mapped with main ledger

67) The following can be used for G/L account evaluations (3 answers)

A. Balance display
B. Key figure reports
C. Reports for financial statement analysis
D. Interim report

68) Which of the following tax types does the SAP System support for calculating, posting, and correcting
tax, as well as for tax reporting?
A. Tax on sales & purchases
B. Withholding Tax
C. Top Up Tax
D. Additional Tax

69) Depending on your system’s configuration, the system can generate and post line items automatically.
For which business transactions can this be done?
A. Entering a customer invoice
B. Entering Special G/L transactions
C. Posting a Vendor Payment

70) You can add details to any automatically generated line item. For example, you can add text to a tax on
sales/purchases line item.

A. True
B. False

71) The document type is a key that is used to classify accounting documents. It is entered in the document
header and applies to the whole document. Which of the following purposes are achieved by using
document types?
A. Assigning document numbers
B. Posting to account types
C. Clearing line items
D. Differentiating between business transactions

72) If you have entered an incorrect document, you can reverse it, thereby also clearing the open items.
With reference to 'document reversal', which of the following are true?

A. A document can be reversed if it has no cleared items

B. Documents in MM can be reversed with a credit memo
C. If the posting period of the source document has already been closed, you have to enter a date that falls in an
open posting period (for example, the current one) in the Posting date field.

73) A number of periodic tasks are executed on a regular basis (daily, weekly, or monthly) in the SAP
System. This process is supported by the individual components of the Schedule Manager. Which of the
following are components of the Schedule Manager?
A. Flow definition
B. Scheduler
C. Monitor
D. Exception area

74) You would like to use recurring entries for periodic transaction. Which of the following are False with
reference to 'recurring entries'? A. Posting Key, Account and Amount never change in recurring entries B.
Postings can be made periodically or on a specific date C. Recurring documents do Not require a separate number
range.
75) What of these alternatives are considered master data
A. [ ] Chart of Accounts.
B. [ ] G/L Accounts.
C. [ ] Vendor.
D. [ ] Customer.

Answers-
71) A, B, D
72) A, C
73) A, B, C
74) C
75) B,C,D
76) Which of them are valid business transaction types for cash journal?
A. [ ] Expense.
B. [ ] Revenue.
C. [ ] Customer Incoming/Outgoing payments
77) Consider the following statements:
1. Accounts with open item management must have line item display activated.
2. You can activate or deactivate open item management every time, even if the account has no zero
balance.
3. You can select both local and foreign currencies as account currency.
4. If the account is the local currency, the account can only be posted to this currency.
5. When using the "Only Balances in Local Currency" indicator in the master data record, transaction
figures are only managed for amounts translated into local currency.
Which of the above statements are true?

A. [ ] 1.
B. [ ] 2.
C. [ ] 3.
D. [ ] 4.
E. [ ] 5.

78) Fiscal year can be

A. year dependent
B. year independent
C. both year dependent and year independent

79) The length of G/L account number should be mentioned in

A. G/L account groups

B. G/L account
C. Chart of accounts
D. None of the above

80) Posting keys are used to decide

A. dr/cr indicator, field status of transaction screen, account types

B. dr/cr indicator, account types
C. dr/cr indicator, field status of transaction screen, account types, special G/L
D. applicability
E. dr/cr indicator, field status of transaction screen

81) How many parallel currencies are possible and at what level they are assigned?

A. 2 local currencies, chart of account

B. 3 local currencies, chart of account
C. 2 local currencies, company code
D. 3 local currencies, company code

82) In which of the following processes do the original invoices remain as open items
A. residual payment
B. partial payment
C. charge off difference
D. distribute difference

83) Accounting for down payment request involves

A. statistical items
B. parked items
C. noted items
D. regular items