SAP Business One Certification Exam Practice Test #5
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When production order is completed the receipt from production is credited, stock account of product is debited, by the actual value of finished product and WIP account is credited.
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True
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False
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This practice test for SAP Business One Certification encompasses key topics like production orders, inventory management, and G\/L account reconciliation.
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- 2.
What are True to Manual reconciliation?
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You can manually reconcile one G/L account at a Time.
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You cannot reconcile multiple Business Partner account.
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Partial reconciliation is not possible by manual reconciliation.
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For Business Partner you can also create an incoming or outgoing payment as an adjustment.
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Journal entries posted by the reconciliation process have the origin "JR", when the system process cash discount,exchange rate difference, deferred Tax and withholding Tax.
Correct Answer(s)
A. You can manually reconcile one G/L account at a Time.
A. For Business Partner you can also create an incoming or outgoing payment as an adjustment.
A. Journal entries posted by the reconciliation process have the origin "JR", when the system process cash discount,exchange rate difference, deferred Tax and withholding Tax.Explanation
B. You can reconcikle multiple BP account.
C. Partial reconcillation is possible in manual reconcillation.Rate this question:
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- 3.
Which are True to Production Order?
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Production Order is a command to produce or repairs a production items
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The production order supports the planning and assembly of a production item
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It Tracks all the material transaction and cost that are involved in the production process.
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Special production Order is used for continious production order
Correct Answer(s)
A. Production Order is a command to produce or repairs a production items
A. The production order supports the planning and assembly of a production item
A. It Tracks all the material transaction and cost that are involved in the production process.Explanation
D. Standard production order is used for continuous production orderRate this question:
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- 4.
The Inventory turn ratio, is a metric determining inventory usage.
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True
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False
Correct Answer
A. TrueExplanation
The inventory turnover ratio is a measure used to assess how efficiently a company is managing its inventory. It calculates the number of times inventory is sold and replaced in a given period. A higher inventory turnover ratio indicates that a company is selling its inventory quickly and efficiently, while a lower ratio suggests that inventory is not being sold as quickly. Therefore, the statement that the inventory turnover ratio is a metric determining inventory usage is true.Rate this question:
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- 5.
Level 2 to 4 consists of active and title account.
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True
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False
Correct Answer
A. FalseExplanation
2 to 4 consists of active or title accountRate this question:
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- 6.
Which are the input tools in SAP B1?
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User defined tools
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Pick and pack tools
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Selection list
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Drag down list
Correct Answer(s)
A. Selection list
A. Drag down listExplanation
The input tools in SAP B1 are selection list and drag down list. These tools allow users to choose from a predefined list of options when entering data into the system. A selection list provides a dropdown menu with a list of options, while a drag down list allows users to select an option by dragging it down from a list. These input tools help streamline data entry and ensure accuracy by providing predefined options for selection.Rate this question:
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- 7.
The system does not need any suspense account for any incoming credit card payment, incoming cheque, and bank transfer.
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True
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False
Correct Answer
A. FalseExplanation
Outgoing payment does not require suspense accountRate this question:
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- 8.
Which of the following statements are True for open Item created?
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The system makes posting directly to bank account
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You deposit cash,cheque and credit cards.
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You post payments using bank transfer
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You use bank processing statement option
Correct Answer(s)
A. The system makes posting directly to bank account
A. You deposit cash,cheque and credit cards.
A. You post payments using bank transfer
A. You use bank processing statement optionExplanation
The open item created allows the system to make postings directly to the bank account. It also allows for the deposit of cash, cheques, and credit cards. Additionally, payments can be posted using bank transfer, and the bank processing statement option can be used.Rate this question:
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- 9.
Which are True to report organizer in XL reporter?
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You can save the executed report into a report book
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You can also distribute a finished report via E-mail
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You cannot create a report definition i.e, displayed and edited in report designer.
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The report organizer does not allow you to assign the report to main menu in business one
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You can execute report definition to get a finished report in M.S Excel
Correct Answer(s)
A. You can save the executed report into a report book
A. You can also distribute a finished report via E-mail
A. You can execute report definition to get a finished report in M.S ExcelExplanation
C. you can....
D. The report organizer allows you .....Rate this question:
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- 10.
What are True to BOM in Production?
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Sales and assembly BOM are collection of individual items in a set without a specific price
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They cannot have more than one level
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The components are items that you can also sell individually
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The Sales BOM and Assembly BOM represent a finished product that is assembled at the Sales stage
Correct Answer(s)
A. The components are items that you can also sell individually
A. The Sales BOM and Assembly BOM represent a finished product that is assembled at the Sales stageExplanation
A. with a specific price.
B. Have more than one levelRate this question:
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- 11.
For the assembly BOM the finished product appears in the sales order document.
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True
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False
Correct Answer
A. TrueExplanation
In an assembly Bill of Materials (BOM), the finished product is indeed included in the sales order document. This means that when a customer places an order for the finished product, all the components and sub-assemblies required to produce the finished product are listed in the sales order document. This helps in accurately tracking and fulfilling the customer's order by ensuring that all necessary parts are included in the production process.Rate this question:
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- 12.
For both the Sales BOM and Assembly BOM you do not manage the finished product as an inventory item, but rather as a sales item.
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True
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False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer, True, is that both the Sales BOM (Bill of Materials) and Assembly BOM do not treat the finished product as an inventory item. Instead, they consider it as a sales item. This means that the focus is on selling the product rather than managing it as a stock item.Rate this question:
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- 13.
What are True to Report Composer?
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You cannot print the report composer
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You cannot convert into finished report in MS Excel
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The report can be converted into report definition and the report designer for more advance editing
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You can make queries about data in data base and arrange them into a quick preliminary report
Correct Answer(s)
A. The report can be converted into report definition and the report designer for more advance editing
A. You can make queries about data in data base and arrange them into a quick preliminary reportExplanation
A.You can...
B. You can....Rate this question:
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- 14.
The component for Sales BOM and assembly BOM must be sales item.
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True
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False
Correct Answer
A. TrueExplanation
The statement is true because both the Sales BOM (Bill of Materials) and Assembly BOM (Bill of Materials) components must be sales items. This means that the items included in these BOMs are products that can be sold to customers. It is important for these components to be sales items as they are directly related to the sales process and the final products that will be sold to customers.Rate this question:
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- 15.
Template BOM can have each of the three attributes purchase, sales and inventory items.
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True
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False
Correct Answer
A. TrueExplanation
Template BOM can have each of the three attributes purchase, sales, and inventory items. This means that the template Bill of Materials can include information related to purchases, sales, and inventory items. This statement is true as it states that all three attributes can be present in the template BOM.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Sep 18, 2009Quiz Created by
Niladri_harichan
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