[Intensive Odoo 1 - 12/2022] W7 - Accounting 0

What is a Chart Of Accounts in Odoo?

• A diagram to visualize the relation between different accounts

• A list of account.journal records

• A list of account.account records

• A group of transactions that have the same business purpose

Which statement can be a factor to classify a transaction is a Vendor Bill?

• Its Journal > Type is "Purchase"

• Its Move Type is "out_invoice"

• Its Name (Number) starts with "BILL/"

• Its Journal entries are linked to "Account Payable"

Within an account,

• total credit = total debit

• balance = credit - debit

• Account Type is required

In a Customer Invoice, changing Payment Term will affect:

• Account Receivable lines

• Customer

• Product Unit Price

• Payment Method

Document Layout in the general settings is used to print:

• Customer Invoice

• Vendor Bill

• Purchase Order

• Sales Order

Select the correct statement(s): In a journal entry:

• Name (number) is automatically generated

• Total Debit = Total Credit

• Total Balance = 0

• Journal is a required field

By default, there are (a)   different types of an account.move record.

Customer/Sales starts with​ (b)   , for example,​ (c)   is the Customer Credit Note.

Vendor/Purchase starts with​ (d)   , for example, (e)   is the Vendor Bill

• 7
• out
• out_refund
• in
• in_invoice
• out_invoice
• in_
• in_refund
• 6
• 5

Which statement(s) are incorrect about a customer invoice?

• In an invoice line, product is required

• Cannot change the Invoice Number, once it has been generated

• Invoice Date could be in the past

• An Invoice can be paid by several payments

The Vendor Bill BILL/04/0004 contains 4 units of the same product A. The purchase tax applied is 15%. The minimum number of journal items of this bill is:

• 1

• 2

• 3

• 4

Can we create a new vendor bill from the menu Accounting > Accounting > Journal Entries?

• Yes, as always

• No, because this menu does not allow to create new records

• No, because the Vendor Bill Journal is not allowed to be selected

• Yes, only if the setting "Merge with Entries" is enable in the Vendor Bill Journal