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WorksheetsByD Fin 3
Total questions: 10
Worksheet time: 7mins
Q.In which work center do you create a bank statement?
Payment Management
Receivables
Liquidity Management.
Payables
Which of the following statements regarding postings are true?
There are 2 correct answers to this question.
Journal entry vouchers can be used to update the material cost.
Journal entry vouchers are always generated automatically.
Each source document that affects accounting is automatically recorded as a journal entry per set of books.
Journal entries are manual postings in the general ledger.
In which work center can you create a manual VAT entry?
Tax Entries
Tax Management
General Ledger
Payables
A Petty cash account always needs to be defined against an employee
True.
False.
In which work center exchange rates can be updated?
Supplier Invoice
Application and User Management
Business Configuration
General Ledger work center.
For an outgoing check payment, Bank account ledger gets debited at the time of
Use can decide at the time of recording the Outgoing Payment
Clearing the check in the bank statement
Issuing the check to party
Q. SAP ByDesign supports the following inventory valuation methods:
Weighted Average, Standard Cost
Weighted Average, Standard Cost, FIFO
Weighted Average, Standard Cost, Simple Average
Standard Cost, Moving Average
Using which option, the user can reconcile an On Account payment to a supplier against the supplier's invoice from?
Supplier Account Monitor
Internal Reconciliation
GR/IR Clearing run has to be made
None of the above
If customer has multiple set of books, he can not pass Journal Entry Vouchers in only one set of books, he needs to pass it for all the set of books.
True
False
Which form enables user to post a bank payment directly against a G/L a/c?
Payment run
New Bank Advice available in Payment Management Work Center
New Outgoing Check
None of the above
