The accounts are organized hierarchically according to drawers, titles, and active accounts. If the company's Chart of Accounts is arranged in this manner: 1000 Assets 1100 Current Assets 1200 Fixed Assets 1201 Land 1202 Buildings The 'Fixed Assets' Account can be found in the_ level as account located in the drawer. A. 5th level, Active account, Liabilities B. 4th Level, Title Account, Assets C. 2nd level, Active Account, Assets D. 2nd level, Title Account, Assets In financial reports, a blue in the Chart of Accounts. A. Title Account B. Cash Account C. Active Account D. Control Account summarizes all of the balances of each active account below it and appears in Journal Entry is used to manually create journal entries for accounts and business partners. While a is a draft stage document that creates no values in the general ledger. A. Journal Report B. Journal Posting C. Journal Entries File D. Journal Voucher List of Statements: 1. If you create an A/P invoice without reference to the goods receipt PO, it will also increase the quantity in stock. 2. SAP user could view the ordered quantities in various reports and windows, such as the Inventory Status report and the Item Master Data window. Which of the statement(s) above is (are) invalid: A. Statement 1. B. Statement 2. C. Both statements are valid. D. Both statements are invalid. This allows you to record transactions that recur monthly weekly, quarterly, daily, etc.. A. Posting Tools B. Posting Template C. Recurring Postings D. Journal Voucher List of Statements 1. If a delivery already exists for the transaction and you create an invoice without reference to this delivery, errors can occur in inventory management because the delivery quantity is posted twice in the system. 2. When SAP user creates a delivery, the corresponding goods issue is also posted. Which of the following statement(s) above is (are) valid? A. Statement 1. B. Statement 2. C. Both statements are valid. D. Both statements are invalid. Aging can be easily done by the system. Doubtful debt percentage on the basis of aging is set under what module> sub-module? A. Administration > Setup > Financials B. Administration > Setup > Banking C. Administration > System Initialization > General Settings D. Administration > System Initialization > Posting Period All open purchaser orders need to be closed at the end of the year by: A. Retrieving the concerned purchase order, right click the mouse and select the "Close" option. B. Retrieving the concerned purchase order and simply select the "Delete" option. C. Retrieving the concerned purchase order, simply select the "Cancel" option. D. All of the above. This document serves as a foundation for planning production or purchase orders. A. Sales Quotation B. Sales Order C. Purchase Return D. Sales Return Closing the accounting books for a particular period in SAP Business One is done by opening A. Administration > Setup > Financials > Account Closing B. Administration > Utilities > Period End Closing C. Financials > Financial Reports > Account Closing D. We cannot close the accounting books in SAP Business One. To delete from the chart of accounts, A. Right click > Advanced > Delete Account B. Right click Remove Account C. Right click >Delete D. Right click > Delete row The types of Balance Sheet accounts includes the following except A. Asset B. Equity C. Liability D. Cost of Sales There are three types of balance sheet accounts. Which of the following are not among the balance sheet accounts? A. Assets B. Equity C. Liability D. Revenue These three (3) tabs can be found in the main menu except for A. Modules B. Drag & Relate C. Menu Bar D. My Menu List of Statement(s) 1. The return document is be used to credit the customer if the goods were delivered but no A/R invoice was issued. 2. Use the A/R credit memo to credit a customer after an A/P invoice was already issued. Which of the following statement(s) above is (are) valid? A. Statement 1. B. Statement 2. C. Both statements are valid. D. Both statements are invalid. There are modules in the main menu. A. 7 or8 B. 13 or 14 C. 11 or 12 D. 9 or 10 During document posting, when system message flags "posting date deviate from defined range" posting periods are to be created under what Administration sub-module? A. Set-up B. System Initialization C. Approval Procedures D. Licenses When creating a sales order, which of the following is the logical flow of documents? A. Goods Receipt, Accounts Payable, Incoming Payment B. Sales Order, Goods Receipt, Accounts Receivable, Outgoing Payment C. Sales Order, Goods Receipt, Goods Return, Accounts Receivable, Outgoing Payment D. Sales Order, Delivery, Goods Return, Accounts Receivable, Incoming Payment In document handling of marketing documents (Sales and Purchasing), to create a target document with contents to be copied form a base document, what form function is selected? A. Copy to B. Copy from C. Go to D. Wizard How does SAP Business One calculate the stock available in the warehouse? A. Committed Ordered B. In Stock Committed C. Committed + In Stock + Ordered D. In Stock + Ordered - Committed (In Stock - Committed + Ordered) Which column represents the quantity that is promised to customers on existing sales orders? A. Ordered B. Available C. Committed D. In Stock The A. Find mode is the default of an item or as business master data. B. Add C. Update D. Remove When an error that reads "One of the Inventory Accounts is Missing" while adding/creating a new Item Group, it is an indicative that: A. Posting Period in not updated B. Item Master is non-existing C. Erroneous login account D. Erroneous posting date List of Statements 1. A goods receipt creates a journal entry that posts the value of the received goods on the debit side of the stock account and the credit side of the inventory offset- increase account. 2. It is possible to create a sales return without first creating a delivery, a sales order, or a sales quotation. Which of the following statement(s) above is (are) valid? A. Statement 1. B. Statement 2. C. Both statements are valid. D. Both statements are invalid. The A. Find B. Add C. Update D. Remove mode is the default of marketing documents. For which business partner types can "Delivery be created"? A. Customers B. Vendors C. Leads D. Customers and Leads Before transactions are created, the users need first to? A. Build-up the Item Master and Business Partners B. Enter Sales Order and Purchase Orders C. Create a Posting Period D. Setup the Price Lists immediately. used for cash sales to one-time customers, who have to pay the full invoice amount A. A/P Invoice + Payment B. A/P Down Payment Invoice C. A/R Invoice + Payment D. A/R Down Payment Invoice Which purchasing document increases ordered quantity? A. A/P Invoice B. Sales Order C. Purchase Order D. Goods Receipt PO At the start of operation, if the procured items were received/accepted and the same are to be stored in a warehouse other than the default warehouse, SAP user first needs to A. Simply enter the warehouse code in the warehouse column of the Goods Receipt module. B. Create a new warehouse and enter the warehouse code in the Goods Receipt module. C. Create a new warehouse, access the Form Setting\ Table Format then check the Check box for warehouse, and enter the appropriate warehouse code in the Goods Receipt module. D. Create a new warehouse, access the Form Setting\ Table Format then check the Check box for warehouse, and enter the warehouse code in the Delivery module. The default access of the database you are using is A. Super user B. Limited user C. Mobile user D. General user In marketing documents, there are two documents types: A. Item & Business Partner B. Supplier & Vendor C. Service & Item D. BOM and Master Data and If SAP user intents to add additional discount on top of other discounts provided to its customer, simply access: A. Business Partner Master Data Payment Terms Total Discount % B. Business Partner Master Data\Payment Terms\Payment Terms C. Stock Management\Price Lists\Special Prices Special Prices for Business Partner D. Stock Management\Price Lists\Special Prices\Update Special Prices Globally What does SAP stand for? A. Software, Applications and Products B. Systems, Applications, and Products C. Systems, Accesses and Products D. Software, Accesses and Products List of Statements 1. SAP Business One enables the SAP user to create target documents directly from base documents. 2. SAP user can create an A/R invoice from multiple purchase orders and goods receipt POs. Which of the following statement(s) above is (are) invalid? A. B. Statement 1. Statement 2. C. Both statements are valid. D. Both statements are invalid. 7