Fi - Cash & Bank (Post Session)

In an automatic payment run, it is possible to carry out the process for a specific vendor, customer, or invoice. This means that the system can be programmed to automatically initiate payments for selected vendors or customers based on predefined criteria, such as due dates or payment terms. By doing so, the payment process becomes more efficient and less manual intervention is required. Therefore, the given answer "True" is correct.

Multiple cheque lots can be maintained for a single House bank in order to facilitate better management and tracking of cheque transactions. This allows for easier identification and reconciliation of cheque payments, as well as providing a system for organizing and storing cheques. By maintaining multiple cheque lots, the House bank can assign different lots for different purposes or departments, ensuring efficient handling of cheque transactions.

The statement suggests that in order to use the cheque printing payment method, option C is mandatory. This means that without selecting option C, the cheque printing payment method cannot be used. Therefore, the correct answer is true.

The bank key is a unique identifier that is required to create a house bank. This key helps to differentiate between different banks and is necessary for the system to recognize and process banking transactions correctly. Without a bank key, the system would not be able to identify the specific bank and therefore would not be able to create a house bank. Hence, it is true that the bank key is mandatory for creating a house bank.

In SAP, it is possible to maintain multiple GL (General Ledger) accounts for one house bank. This allows for better tracking and management of financial transactions related to the house bank. Each GL account can be associated with specific types of transactions or business processes, providing more detailed and accurate reporting. This feature enhances the flexibility and efficiency of financial management within the SAP system.

In an automatic payment run, the accounting impact is based on the posting date. The posting date is the date when the transaction is recorded in the general ledger. It determines the period in which the transaction will be accounted for and affects financial reporting. The run date is the date when the payment run is executed, the document date is the date when the transaction document is created, and the next run date refers to a future payment run. None of these dates have a direct impact on the accounting treatment of the transaction.

The statement is true because refunds to customers can be made through both cash and bank. When a customer requests a refund, it can be processed by giving them cash if they made the original payment in cash. Alternatively, if the payment was made through a bank transfer, credit card, or any other electronic method, the refund can be processed by transferring the funds back to the customer's bank account. Therefore, both cash and bank options are available for refunding customers.

FF67 is the correct Tcode for carrying out bank reconciliation. This Tcode is used in SAP to perform the bank reconciliation process, which involves comparing the bank statement with the company's internal records to ensure that they match. By using FF67, users can enter and reconcile bank statement items, clear open items, and update the company's financial records accordingly. This Tcode helps in maintaining accurate and up-to-date financial information by reconciling the bank transactions.

FBL1N is the correct answer because it is a transaction code in SAP that is used to display the supplier ledger line items. It allows users to view detailed information about individual line items in the supplier's account, such as the document number, posting date, amount, and other relevant details. FBL3N, FBL43, and FBL41N are not transaction codes used for displaying supplier ledger line items, making them incorrect options.

The statement is true because voiding a check can be done at any time, whether it is before the check has been printed or after it has been printed. Voiding a check essentially renders it invalid and unusable, regardless of its printing status.

The given answer states that "Cheque Payment" cannot be posted through the Cash Journal- FBCJ transaction. This implies that all the other options (Cash Payment, Cash Receipt, Cheque Receipt, and None of the above) can be posted through the Cash Journal- FBCJ transaction.

The correct answer is "Both A&C" because in SAP, lots are maintained at the House bank level and also at the Bank Key level. The House bank represents the physical bank where the company holds its accounts, while the Bank Key represents the identification number assigned to each bank. Therefore, lots can be assigned to specific House banks and Bank Keys in order to track and manage transactions effectively. The other options, Account ID and None of the above, are not relevant to the maintenance of lots in SAP.

This statement suggests that it is possible to reuse a deleted cheque number from the system for another document. This implies that the system does not permanently remove or invalidate deleted cheque numbers, allowing for their reuse.

Multiple bank statements cannot be processed in a single run. Each bank statement needs to be processed separately to ensure accurate and efficient processing of the transactions and account balances. Processing multiple statements together may lead to confusion and errors in reconciling the transactions and maintaining the accuracy of the financial records. Therefore, the statement is false.

The Automatic payment transaction identification field is used to distinguish between several runs on the same date. This means that if there are multiple payment runs happening on the same day, the field helps to identify and differentiate between them. It helps in maintaining clarity and organization in the payment processing system.