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.
Q 1 - Which of the following statement is correct about G/L accounts?
A General Ledger contains all the transaction details of a company. It acts as primary record to maintain all accounting details. Common general ledger entries are customer transactions, purchases from vendors, and internal company transactions.
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?
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 - How many posting periods you can define in a fiscal year in controlling component CO?
Credit control can include one or more company codes and to enable it to do this, you must assign the respective credit control area to the company codes.
Q 8 - In SAP FI, you can post a vendor invoice in foreign currency so you can do currency analysis. If you post in FI, you can directly post back date invoices?
Open A/R invoices, including invoices that are partially credited or partially paid
Invoices that include installments
A/R credit memos
Incoming payments that are not based on invoices
Q 10 - Which of the following report in AR account analysis, which of the following can be used to analyze customer open transactions company wise, group wise, Credit control etc. User can define open transactions criteria based on due date, Payment history, Currency analysis, overdue items etc.?
This report will help to analysis customer open transactions company wise, group wise, Credit control etc. User can define open transactions criteria based on due date, Payment history, Currency analysis, overdue items etc.
