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 Account Receivable and payables?
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 - You can use fast entry screens in SAP FI to enter?
Q 3 - To effectively manage and control large number of G/L accounts, you can use Chart of accounts group?
Q 4 - Which of the following is used to determine Account types (A, D, K, M, and S) and also the type of posting?
Posting Keys in SAP FI is used to determine Account types (A, D, K, M, and S) and also the type of posting. It is 2 digit numerical key.
Q 5 - Which of the following transaction is used to define a document number range in document type?
Q 6 - In SAP FI, one time customer master record is required for customers?
Q 7 - There is a customer with an outstanding amount of 1500 and makes a payment of 500 then there will two separate open items of 1500 Debit and 500 Credit in FI system?
In SAP FI, you can also post partial payments from customer. These partial payments are posted as separate open items.
Customer can see clearly what all invoice has been issued to customer and what payments he has made. But it keeps the multiple open items, until the invoice is fully paid/ cleared.
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?
Q 9 - When a customer misses the payment for the outstanding invoice by payment due date, you can generate letter using SAP FI and send it to customer address for reminding the customer outstanding payment. This is known as?
Q 10 - In Asset explorer, which of the following component is used to navigate between different depreciation areas?
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