1.

What data is required for the automatic account determination for tax
amounts?
a) Rules B) Posting Key C) Tax Account
2. Which cash discounts are used in the net procedure?
a) Cash Discount clearing Account b) Cash Discount Loss account
3. Which cash discount accounts are used in the gross procedure?
a) Cash Discount revenue a/c b) Cash Discount expense a/c
4. Terms of payment are a field in the ____________ and _________segment of
the customer master record?
5. What are the two prerequisites that must be fulfilled in order to process
postings?
a) The company must allow negative posting.
b) The reversal reasons must be defined for negative posting.
6. Name the two possible ways to reverse account in my SAP ERP Financials.
a) Normal reverse posting b) Reversal by negative posting
7. You can differentiate between document change rules according to the
following criteria.
a) Account type b) Transaction class c) company code
8. List some sources of values that are defaulted by the system for document
entry.
a) User master records b) parameter memory c) system data
d) a/c master record c) a/c functions
9. Posting periods are opened and closed automatically.
a) False b) True
10. A posting period variant must contain at least one line with the entry valid for
all accounts (+)
11. The field status group controls the field display during document entry.
12. An a/c ID can only be used once for each H.B. (True/False)
13. A complete customers account consists of the following parts:
a) General Data b) Company Code segment c) sales segment.
14. Internal number assignment means that the my Sap ERP system assigns the
number automatically.
15. A GL a/c consists of which segment?
a) COA Segment b) COCD segment
16. You can display the following line items in a G/L account.
a) Open items b) Cleared items c) Note items d) Par lad items
17. The following sub-ledgers are connected to the general ledger via
reconciliation a/c.
a) a/c R b) AP c) Asset d) Contracts AR & AP
18. Reconciliation a/c is assigned to the Business Partners master records to
record all transactions in the sub ledger.
19. Name the tools for maintaining the exchange rates.
a) Inversion b) Base currency c) Exchange rate
20. Name three commonly used Exchange rate types and what they are used for
a) Average b) Bank selling c) Bank buying