Fi - Ar & TCS (Post Session)
Questions and Answers
- 1.
In SAP, one cust will have only one code but transaction can be segregated between "T" & "C" business based on
- A.
Transaction type
- B.
Business Area
- C.
Controlling Area
- D.
All the above
- E.
None of the above
Correct Answer
B. Business AreaExplanation
In SAP, a customer will have only one code assigned to them. However, transactions can be segregated between "T" (Trading) and "C" (Controlling) businesses based on the Business Area. Therefore, the correct answer is "Business Area" as it determines the segregation of transactions for a customer between different business types.Rate this question:
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- 2.
Transactions related to customers posted thru Spl GL will be reflected in
- A.
Debtors GL (Recon) A/C
- B.
Alternate GL A/C
- C.
Both A & B
- D.
Debtors RG A/C
- E.
None of the above
Correct Answer
B. Alternate GL A/CExplanation
Transactions related to customers posted through Spl GL will be reflected in the Alternate GL A/C. This means that any transactions related to customers that are posted using the Spl GL will be recorded and reflected in the Alternate GL A/C. The Debtors GL (Recon) A/C is not the correct answer because it is not specifically mentioned in the question. Debtors RG A/C is also not the correct answer as it is not mentioned in the question. None of the above is also not the correct answer as the correct answer is specifically stated as the Alternate GL A/C.Rate this question:
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- 3.
Cust Ledger can be displayed only with
- A.
Open transactions
- B.
Special GL transactions
- C.
Cleared transactions
- D.
Noted items
- E.
All the above
Correct Answer
D. Noted itemsExplanation
The Cust Ledger can be displayed only with noted items. This means that only transactions that have been marked or noted in some way will be shown in the ledger. This could include transactions that have been flagged for further review or transactions that have been specifically highlighted for some reason. By selecting this option, the user will be able to view only those transactions that have been marked as noted, providing a more focused and specific view of the ledger.Rate this question:
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- 4.
In customer master Reconciliation A/c is maintained at ……………
- A.
General Data
- B.
Company Code Data
- C.
Controlling Area Data
- D.
Sales Data
- E.
None of the above
Correct Answer
B. Company Code DataExplanation
In customer master, the Reconciliation A/c is maintained at the Company Code Data level. This means that the reconciliation account for a customer is specific to a particular company code within an organization. The company code data includes all the financial information and transactions related to that specific company code, including the reconciliation account. Therefore, the correct answer is Company Code Data.Rate this question:
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- 5.
Customer Account type category in SAP is identified by using…….
- A.
K
- B.
B
- C.
S
- D.
D
- E.
None of the above
Correct Answer
D. DExplanation
The customer account type category in SAP is identified by using the "D" option.Rate this question:
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- 6.
Payment Due Date in SAP is determined by using ……
- A.
Tax code
- B.
Payment Term
- C.
Payment key
- D.
Posting Key
- E.
None of the above
Correct Answer
B. Payment TermExplanation
The Payment Due Date in SAP is determined by using the Payment Term. The Payment Term is a predefined term that specifies the conditions and timing for payment. It includes information such as the number of days allowed for payment, any discounts or penalties applicable, and the payment method. By assigning a specific Payment Term to a transaction, SAP calculates the Payment Due Date based on the terms defined in the Payment Term. Therefore, the Payment Term is the correct answer for determining the Payment Due Date in SAP.Rate this question:
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- 7.
FI Customer Invoice can be raised thru Tcode………
- A.
FB60
- B.
FB70
- C.
FB65
- D.
FB75
- E.
None of the above
Correct Answer
B. FB70Explanation
FB70 is the correct answer because it is the transaction code used in SAP to raise a customer invoice. The other options (FB60, FB65, and FB75) are transaction codes used for different purposes such as vendor invoices, credit memos, and down payments, respectively. Therefore, FB70 is the appropriate transaction code to raise a customer invoice.Rate this question:
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- 8.
To display Cust ledger process Tcode
- A.
FBL1N
- B.
FBL3N
- C.
FBL5N
- D.
FBL3R
- E.
None of the above
Correct Answer
C. FBL5NExplanation
The correct answer is FBL5N because FBL5N is the transaction code used to display the customer ledger in SAP. The other options, FBL1N, FBL3N, and FBL3R, are transaction codes used for different purposes in SAP and are not relevant to displaying the customer ledger.Rate this question:
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- 9.
How many numbers of line items in one single entry you can have?
- A.
19
- B.
99
- C.
999
- D.
1000
- E.
None of the above
Correct Answer
C. 999Explanation
In one single entry, you can have a maximum of 999 line items. This means that you can include up to 999 different items or transactions in a single entry. The other options provided, such as 19, 99, and 1000, are not the correct answers as they do not represent the maximum number of line items that can be included in one single entry.Rate this question:
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- 10.
In SAP, one customer will have separate cust code for TCIL & Conv business ?
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
In SAP, one customer will not have separate customer codes for TCIL and Conv business. This means that the customer code will remain the same for both TCIL and Conv business.Rate this question:
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- 11.
Journal entries can be posted by debiting / crediting directly to Debtors control GL code ?
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Journal entries cannot be directly posted to the Debtors control GL code. Debtors control GL code is used to track the total amount owed by customers, and it is updated through the posting of sales invoices and receipts. Journal entries are used to record other transactions that do not directly affect the Debtors control account. Therefore, the correct answer is False.Rate this question:
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- 12.
Down payment in SAP is done with special GL indicator ?
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
In SAP, down payment is indeed done with a special GL indicator. This indicator helps in tracking and distinguishing down payments from regular payments. It allows for proper accounting and reporting of down payments, ensuring accurate financial records.Rate this question:
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- 13.
System Allows to change the due date during collection posting ?
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The system does not allow changing the due date during collection posting.Rate this question:
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- 14.
FI customer invoices can be raised without Sales Order ?
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
In some cases, customer invoices can be raised without a sales order. This typically occurs when a customer has requested a service or made a purchase without placing a formal order. In such situations, the company may still need to create an invoice to bill the customer for the products or services provided. This process is common in industries where sales orders are not always necessary, such as professional services or retail businesses.Rate this question:
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- 15.
SAP will allow to post customers collection in TCIL Bank under "C" business area ?
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
SAP will not allow posting customers' collection in TCIL Bank under the "C" business area.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
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Mar 19, 2014Quiz Created by
Rajeshmishra
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