Month end closing process finance quiz. Every month end transactions that have been made are combines so as to come with monthly financial statements. Preparation of monthly statements not only makes it easy to prepare end year statements but also helps to track movement of the firm financial position. Do take up this quiz and see how well you understand what you should do on month end. Allt he best!
The rate with a validity date closest to the posting date without being in the future is the rate used.
Rate have to be entered before the "old" period is closed.
Rates are only entered once a month on the 15th.
Only one rate type can exist for each currency combination.
Rate this question:
True
False
Rate this question:
FK10N
KKAK
MMPV
VKM1
Rate this question:
True
False
Rate this question:
Run asset depreciation, then billing due list, and then calculate overhead.
Review blocked billing docs, then process vendor payments, and then execute order settlement.
Calculate overhead, calculate WIP, calculate variances, and then execute order settlement.
Review PO listing for goods received, not invoiced, calculate variances, and then post parked docs.
Rate this question:
Can only be executed one time, the first day of the new period.
Can be set by module individually, all FI modules collectively and can be opened or closed as often as deemed necessary.
Can only be controlled by sub-module, not collectively.
Is part of MMPV.
Rate this question:
Completing an invoice
Simulating an invoice
Posting an invoice
Answers A and C
Rate this question:
F.19
F-32
VF04
ME2L
Rate this question:
True
False
Rate this question:
Quiz Review Timeline (Updated): Mar 20, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
TYBAF || Valuation Of Goodwill
This quiz covers key concepts in the valuation of goodwill, including EPS, MVA, super profit, and normal profit calculations, aimed at TYBAF students.
Questions:
20 |
Attempts:
308 |
Last updated:
Mar 21, 2023
|
E-Quiz On Acc & Bst
This E-Quiz on Accounting and Business Studies assesses key financial concepts such as asset liquidity, accounting principles, and transaction recording. It is designed to enhance...
Questions:
25 |
Attempts:
126 |
Last updated:
Jan 18, 2023
|
FINAL EXAM- FUNDAMANTALS OF ACCOUNTING
This final exam tests fundamental accounting principles, covering balance sheets, economic events, asset categorization, and cost-related terms.
Questions:
74 |
Attempts:
242 |
Last updated:
Mar 21, 2023
|
BBA LLB SEC E_QUIZ2_Principles Of Accounting
Maximum Marks for this Quiz will be 30.
Ten questions carry 2 marks with a negative mark of .5 (1/4) for each wrong answer. (10x2)
Two questions have 5 marks with a...
Questions:
12 |
Attempts:
192 |
Last updated:
Mar 15, 2023
|
ACCOUNTING 1 MIDTERM PRE-EXAMINATION
This pre-examination for ACCOUNTING 1 MIDTERM assesses knowledge on inventory systems, cost of goods sold, and financial statements accuracy. It evaluates understanding of key...
Questions:
80 |
Attempts:
619 |
Last updated:
Mar 22, 2023
|
How Much Do You Know About Small Business Accounting?
Though small business accounting and business accounting fall under the same field, small business is quite different. It deals with smaller-scale companies and so is not as broad...
Questions:
10 |
Attempts:
217 |
Last updated:
Jun 17, 2023
|
Wait!
Here's an interesting quiz for you.