Fi - Accounts Payable

In SAP, it is necessary to clear GR/IR (Goods Receipt/Invoice Receipt) accounts. These accounts are used to record the differences between goods received and invoices received. Clearing these accounts ensures that the accounting records accurately reflect the actual goods and services received and the corresponding invoices. Failure to clear GR/IR accounts can result in discrepancies and inaccuracies in financial reporting. Therefore, it is important to regularly reconcile and clear these accounts to maintain the integrity of the accounting system.

The correct answer is PO value=GR value=Invoice value. The 3-way matching process in SAP refers to the comparison and reconciliation of three important documents in the procurement process - the purchase order (PO), the goods receipt (GR), and the invoice. In this process, the system checks if the value of the PO matches the value of the GR, and if both of these values match the value of the invoice. This ensures accuracy and consistency in the procurement process, helping to prevent errors and discrepancies.

The letter "K" stands for "Vendor" in account type.

At the transaction level, it is possible to negotiate and modify the payment terms based on the specific agreement between the parties involved. This flexibility allows for customization and adaptation to the unique circumstances of each transaction. Therefore, the statement is true.

FBL1N is the correct answer because it is a transaction code used in SAP to display vendor line items. The other options, FBL5N, FBL3N, and FAGLL03, are transaction codes used for different purposes and not specifically for displaying vendor line items.

The correct answer is FB60. FB60 is the T Code used to post invoices for purchases that are not made through a purchase order. It is a transaction code in SAP that allows users to enter vendor invoices directly into the system. By using FB60, the user can enter all relevant information related to the invoice, such as vendor details, invoice amount, and payment terms. This T Code is commonly used in the accounts payable process to ensure accurate and timely recording of vendor invoices.

The correct answer is MIRO. MIRO is the T Code used for Invoice Verification for purchases made through a Purchase Order. This transaction code allows users to verify and process invoices received from vendors against the purchase orders. It enables the comparison of the goods received and services rendered with the corresponding invoices, ensuring accuracy and compliance with the purchase order terms.

The correct answer is A. The special GL indicator for Revenue advance is A. This indicator is used to identify and track revenue advances in accounting systems. It allows for the proper classification and reporting of revenue that has been received in advance of being earned.

The T code for advance payment to a vendor is F-48.

The statement suggests that there will be separate vendor codes for Capital and Revenue suppliers, but the correct answer is False. This means that there will not be separate vendor codes for Capital and Revenue suppliers.

Payment terms are calculated from the posting date. The posting date refers to the date on which a transaction is recorded in the accounting system. Payment terms determine the time frame within which a payment is expected to be made after the posting date. Therefore, the posting date is the relevant date for calculating payment terms.

MR8M is the correct answer because it is the T code used for reversing invoices posted through MM. The other options (FB08, MM03, and MIR4) are not relevant for reversing invoices.

MIR4 is the correct answer because it is the T code used in SAP for displaying finalised documents that are based on purchase orders. The other options, MIRA, MIRO, and MIGO, are not relevant for this specific task.

The correct answer is F-54. This is because F-54 is the T code for advance adjustment. The other options (F-48, F-49, F-53) are not relevant to advance adjustment.

XK02 is the correct answer because it is the T code used to view the vendor master. The other options (MK06, DK03, XK03, None of the above) are not the correct T codes for this purpose.