SAP Business One Certification Test

12 Questions | By Niladri_harichan | Updated: Mar 22, 2022 | Attempts: 1628

Questions

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SAP Business One is business management software designed for small and medium-sized enterprises, sold by the German company SAP SE. Take this sample test designed specially for SAP Business.

Questions and Answers

1.

What are True to installment in payment terms?
- A.
  
  The system automatically creates a single line item in the journal entry for every installment.
- B.
  
  The payment wizard handles them as separate invoices and you can reconcile them separately.
- C.
  
  The customer receivable aging report, vendor liability aging report, the cash flow report, and open line item list also treat them as a single invoice.
- D.
  
  These line item all appear in the payment screen you can pay them one after the other.
- E.
  
  The system adds the whole tax amount to the last installment or the system distribute the tax amount among all installment.
2.

What are True to credit memo with reference to an invoice with installment.
- A.
  
  The system must assign the credit memo amount to the installment.
- B.
  
  You can view but can't modify the installment number and division in the invoice.
- C.
  
  You can distribute the credit amount equal to the installment.
- D.
  
  You can distribute the credit amount to first but not to the last installment.
3.

You can create posting periods for future fiscal years at any time. True or False?
- A.
  
  True
- B.
  
  False
4.

You can define more than one series for a document type.
- A.
  
  True
- B.
  
  False
5.

What are the ways by which reversal of adjustment posting be made as period-end-preparation?
- A.
  
  You post adjustment on the last day of the old period and enter any day of the new period as the reversal date.
- B.
  
  You create the period-end reports based on the adjusted general ledger.
- C.
  
  You reverse the adjustment posting with the reverse transactions.
- D.
  
  You can mark journal entries made for your closing operation.
6.

In doubtful debts, the system opens a journal entry and creates a first line item. The line item posts the amount of doubtful debt on the credit side of the customer account and debit side of the control account for doubtful debts.
- A.
  
  True
- B.
  
  False
7.

What are True to editing the financial report template.
- A.
  
  Every financial report template has exactly five levels
- B.
  
  Level one to four consists of titles
- C.
  
  The G/L account are located on the fifth level
- D.
  
  The total of G/L account cannot be displayed on a higher level, You cannot make the higher titles invisible.
- E.
  
  In the financial report template the profit and loss statements, the system cannot insert a subtotal on every level
8.

The security level that exists in the cash flow statement is for:
- A.
  
  Cash
- B.
  
  Credit and vouchers
- C.
  
  Cheque received
- D.
  
  Customer Liabilities
- E.
  
  Payable to Vendors
9.

Posting that you have not yet made when the cash flow report is compiled cannot be included manually and assigned a security level further you cannot decide and include recurring posting or journal vouchers into consideration.
- A.
  
  True
- B.
  
  False
10.

The credit and debit line item on the bank account is always managed as an open item.
- A.
  
  True
- B.
  
  False
11.

The Payment Wizard Runs cover:
- A.
  
  AP and AR document
- B.
  
  Transaction that are fully paid
- C.
  
  Transaction that are not credited or reconciled.
- D.
  
  Un-reconcilled/allocated payments on account
12.

What are True to payment wizard:
- A.
  
  The system creates a recommendation report or a list of suggested payments.
- B.
  
  You can accept but cannot reject the recommendation.
- C.
  
  You can save the recommendation and proceed at a later date or you can execute the payments.
- D.
  
  The button Non-Included transaction creates a list of all open items that could not be included in the payment.