SAP FICO Online Quiz


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Following quiz provides Multiple Choice Questions (MCQs) related to SAP FICO. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.

Questions and Answers

Answer : B

Explanation

This includes the detail of amount that is paid by customer and the amount that is paid by company to the vendors. In other words AP includes all the vendor transactions and AR includes all the customer transactions.

Q 2 - Which of the following represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company?

A - General Ledger

B - Chart of accounts

C - Credit control area

D - Company code

Answer : B

Explanation

The FI chart of accounts represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company. The master chart of accounts must be assigned to each company code.

Q 3 - Which of the following system is responsible for configuration of STMS?

A - QA system

B - SAP Landscape

C - Domain Controller

D - Production System

Answer : C

Q 4 - In Field status group, field is available in screen, but it's grayed out, you cannot fill anything in here. This is known as −

A - Suppress

B - Optional

C - Require

D - Display

Answer : D

Explanation

Suppress − The field is hidden in screen

Optional − The field is available in screen, you can keep it blank or fill it.

Require − The field is available in screen, and you have to fill it.

Display − The field is available in screen, but it's grayed out, you cannot fill anything in here.

Q 5 - You can also hold posting of a G/L document or temporarily save the document in which of the following conditions?

A - When G/L document is not complete

B - Incomplete/Incorrect Information in the document

C - To save the document at later stage

D - All of the above

Answer : D

Explanation

You can also hold posting of a G/L document or temporarily save the document in below conditions −

  • When G/L document is not complete
  • Incomplete/Incorrect Information in the document
  • To save the document at later stage

Q 7 - While creating a vendor for a company code, which of the following field is used to determine payment details - immediately, after 7 days?

A - Recon account

B - Company code

C - Sort key

D - Payt terms

Answer : D

Q 9 - While defining Exchange rates, In direct quotation, you give base currency to foreign currency as 1/65 USD = 1 INR?

A - True

B - False

Answer : B

Explanation

Exchange rates can be entered as direct or indirect quotations. In direct quotation, we give multiple of base currency to foreign currency.

Example − 1 USD = 65 * 1 INR

For indirect quotation, it will be 1/65 USD = 1 INR.

Q 10 - In Asset explorer, which of the following component is used to navigate between different depreciation areas?

A - Header

B - Overview tree

C - Tab

D - All of the above

Answer : B

Explanation

Header − in which you enter the company code and asset number.

Overview tree − with which you can navigate between different depreciation areas. Overview tree that displays objects related to the asset

Tab − in which you analyze plan values and posted values using different parameters, and compare fiscal years and depreciation areas


sap_fico_questions_answers.htm

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