SAP Business One Certification Exam Practice Test #3

10 Questions | By Niladri_harichan | Last updated: Mar 22, 2022 | Total Attempts: 1696

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Sap questions for certification

Questions and Answers

1.

You cannot use Alternative Account Name for a Account when your company works in different language. True or False?
- A.
  
  True
- B.
  
  False
2.

You can manually post to a Tax account.
- A.
  
  True
- B.
  
  False
3.

Reverse Transaction with (-)ve amount post the debit in error as a (-)ve credit and credit in error as a (-)ve debit.
- A.
  
  True
- B.
  
  False
4.

What are True to debit and credit in G/L account?
- A.
  
  The system display debit in black with blue background and credit in green
- B.
  
  The amounts are usually (+)ve . The (-)ve amount indicates reversal posting.
- C.
  
  The balances is the difference between the sum of all credit posting and the sum of all debit posting.
- D.
  
  Usually, the system display a credit balance with (-)ve sign because the credit balance represent expenditure in an asset account.
5.

You can save journal voucher as not balanced as long as it is in the draft mode.
- A.
  
  True
- B.
  
  False
6.

What are True to recurring posting in SAP B1?
- A.
  
  Recurring posting use a template that is stored with a code and a description.
- B.
  
  You must specify the next execution date for recurring posting
- C.
  
  One time recurring posting is not possible in SAP B1
- D.
  
  Journal entry that you need repeatedly but not regularly basis, access template from manual journal entry.
- E.
  
  The system duplicate the original recurring posting every time the execution date arrives. Once you use this instance and add it to the system, it will be deleted.
7.

What are True to internal reconcillation
- A.
  
  Internal reconciliation refers to the matching or clearing of open credit items to open debit items within an account.
- B.
  
  For customer account a receivable (credit) must be followed by an Incoming payment (debit).
- C.
  
  For vendor account a liability (credit) must be followed by an outgoing payment (debit).
- D.
  
  For good receipt/Invoice Receipt account (GR/IR), each incoming invoice (credit) must correspond to a good receipt (debit).
8.

You can use the Profit Center report to display an over view of the posted cost and revenues.
- A.
  
  True
- B.
  
  False
9.

You can enter Profit Center, Dimension, Project directly in the relevant line items or the journal entry but not in the marketing document.
- A.
  
  True
- B.
  
  False
10.

The system provides a dunning wizard on the purchase menu that generates dunning letter for all outstanding vendors
- A.
  
  True
- B.
  
  False