Cert 15 - Accounting

A customer invoice with two different invoice lines is posted. Both invoice lines are recorded on the same account and are subject to the same 15% tax.

• 2 journal items

• 3 journal items

• 4 journal items

• 5 journal items

How can you prevent the creation or the modification of journal entries up to a specific accounting date?

• How can you prevent the creation or the modification of journal entries up to a specific accounting date?

• By closing a period

• Be setting a lock date to lock a fiscal period

• By posting all journal entries

What happens if an account is managed in a different currency than the company's currency?

• Odoo stores the debit/credit of all journal items in the account currency only

• Odoo automatically converts amounts and stores them in the company currency only

• Odoo stores the foreign currency amounts, then stores the converted amounts as the debit/credit in the company currency

What happens if a currency is not set on an account?

• The account can be used for transactions in any currency

• The account can only be used fortransactions in the main company currency

• t's not possible. A currency is required for each account

When using the bank reconciliation tool, what happens if you match a bank statement line with an existing payment?

• It creates a new journal entry

• It updates the suspense account of the payment and links the entry to the bank transaction

• It does nothing, as the payment already exists

How are total tax amounts rounded on an invoice?

• “Globally” based on the untaxed amount of the invoice

• “Per line" on each invoice line

• Either "globally” or "per line" as defined in the app's settings

• Either "globally” or "per line" as defined in the invoice's options

How do you compute the total due by a customer?

• The sum of all unpaid invoices from this customer

• The balance related to this customer in receivable accounts

• The sum of invoices minus the sum of payments of this customer

Is it possible to change the reference of a posted journal entry?

• Yes

• No

When are follow-up actions triggered?

• A given amount of days after the invoice date defined on an invoice

• A given amount of days after the due date defined on an invoice

• Once a month, on a specific day, if the due date defined on the invoice has passed for at least seven days

What feature should you use to ensure that the right taxes are applied on an invoice based on the customer's country?

• Tax Groups

• Journal Groups

• Account Groups

• Fiscal Positions

• Incoterms