SAP Business One Certification Exam Practice Test #2

8 Questions | Total Attempts: 1500

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SAP Business One Quizzes & Trivia

Welcome to SAP Business One Certification Exam Practice Test #2. Developed by the German company SAP SE, SAP Business One is business management software designed for smaller companies and enterprises, which automates key business functions in financials, operations, and human resources. What do you know about it?


Questions and Answers
  • 1. 
    If you try to deposit an amount in bank from your cash register greater than the account  balance, the system will block you.
    • A. 

      True

    • B. 

      False

  • 2. 
    What are True to Bank Statement Processing.
    • A. 

      Posting of external reconcillation of bank debits and credits

    • B. 

      Creating, posting and internal reconciliation of Business partner incoming and outgoing payments made by direct debit or bank transfer and already entered in SAP B1

    • C. 

      Posting and internal reconciliation of interim account used in payment with payment means of bank transfer.

    • D. 

      External reconciliation of transaction that is not already posted in SAP B1.

  • 3. 
    At the end of the fiscal year the balances of asset will be displayed on the active side and balances of liability account and equity account on the passive side. True or False?
    • A. 

      True

    • B. 

      False

  • 4. 
    After the end of the fiscal year the balances of the expense account will be subtracted from the balances of the liability account to come up with the profit and loss account True or False?
    • A. 

      True

    • B. 

      False

  • 5. 
    What are True to Account Currency
    • A. 

      If you enter the Local currency in the currency field. You can enter the line items in local currency and the system manages the account balance in the local currency and the system currency in parallel.

    • B. 

      If you enter any specific Foreign currency in the currency field. You can enter the line items in the specified foreign currency or local currency. The system manages the account balance only in the specified foreign currency and local currency.

    • C. 

      If you enter multi- currency in the currency field. You can enter the line items in any currency. The system manages the account balance only in the system currency and local currency.

    • D. 

      For multi-currency account account you can conduct external bank reconciliation in the local currency.

    • E. 

      At any point you can change multi-currency account to a particular currency account.

  • 6. 
    The Inventory turn ratio is a metric determining inventory usage:
    • A. 

      True

    • B. 

      False

  • 7. 
    The system does not need any suspense account for incoming credit card payment, incoming cheque, and bank transfer.
    • A. 

      True

    • B. 

      False

  • 8. 
    For the assembly BOM, the finished product appears in the sales order document.
    • A. 

      True

    • B. 

      False

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