SAP Business One Certification Exam Practice Test #3

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| By Niladri_harichan
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Niladri_harichan
Community Contributor
Quizzes Created: 11 | Total Attempts: 13,257
Questions: 10 | Attempts: 2,105

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SAP Business One Quizzes & Trivia

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

    Correct Answer
    B. False
    Explanation
    You can use Alternate acoount name.

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  • 2. 

    You can manually post to a Tax account.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    you cannot manually post to a Tax account.

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  • 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

    Correct Answer
    B. False
    Explanation
    Reveres Transaction with (-)ve amount post the debit in error as a (-)ve debit and credit in error as a (-)ve credit.

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  • 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.

    Correct Answer(s)
    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.
    Explanation
    A. The system display debit in black and credit in green and in parenthesis. D. The credit balance represent liabilities in an asset account.

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  • 5. 

    You can save journal voucher as not balanced as long as it is in the draft mode.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    In accounting, a journal voucher is a document used to record financial transactions. When a journal voucher is in draft mode, it means that it has not been finalized or approved yet. During this stage, it is possible for the journal voucher to be unbalanced, meaning that the debit and credit amounts do not match. Therefore, the statement is true because a journal voucher can be saved as not balanced as long as it is in draft mode.

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  • 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.

    Correct Answer(s)
    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
    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.
    Explanation
    C. One time posting is possible in SAP B1

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  • 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).

    Correct Answer(s)
    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).
    Explanation
    A. Internal reconciliation refers to matching and clearing of... B. For customer account a receivable (debit) must followed by an incoming payment (credit).

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  • 8. 

    You can use the Profit Center report to display an over view of the posted cost and revenues.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    The Profit Center report can be used to provide an overview of the posted costs and revenues. This report helps in analyzing the financial performance of individual profit centers within an organization. It allows management to track and monitor the profitability of each profit center and make informed decisions based on the information provided. Therefore, the statement is true.

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  • 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

    Correct Answer
    B. False
    Explanation
    Also in the marketing document.

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  • 10. 

    The system provides a dunning wizard on the purchase menu that generates dunning letter for all outstanding vendors

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The dunning wizard are for sales and customers...

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