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

Q 1 - In which SAP client can be used to configure STMS?

A - 001

B - 000

C - 066

D - All of the above

Answer : B

Q 2 - Which of the following chart of accounts type contains all General Ledger accounts that are used to meet daily needs in a company?

A - Company Chart of accounts

B - Country Chart of accounts

C - Operating Chart of accounts

D - None of these

Answer : C

Explanation

It contains all General Ledger accounts that are used to meet daily needs in a company. Operating chart of accounts has to be assigned to a company code.

Q 3 - Which of the following Transaction code can be used to create a new G/L account?

A - FS00

B - OB53

C - OBD4

D - OB13

Answer : A

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 - What is the document type key to show a customer payment business transaction?

A - AA

B - AN

C - DZ

D - KA

E - DR

Answer : C

Explanation

Common Document types Key are −

Document Type Document Type Description
AA Asset Posting
AN Net Asset Posting
DR Customer Invoice
DZ Customer Payment
KA Vendor Document
KG Vendor Credit Memo

Answer : E

Explanation

You can also reverse an incorrect document and can also clear the open items. A document can only be reversed if −

  • It contains no cleared items
  • It contains only customer, vendor, and G/L account items
  • It was posted with Financial Accounting
  • All entered values (such as business area, cost center, and tax code) are still valid

How to reverse a document in SAP FI?

T-code: FB08

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 8 - Which of the following t-code can be used to post incoming payment?

A - F18

B - F28

C - F38

D - F11

Answer : B

Q 9 - Which of the following can be used to provide details of bank account which is used by company to make payment to vendors and customers?

A - Payment method per country

B - Payment method per country code

C - Bank Selection

D - House Bank

Answer : D

Explanation

It provides details of bank account which is used by company to make payment to vendors and customers.

Answer : C

sap_fico_questions_answers.htm
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