Which cash discount accounts are used in the gross procedure?(tfin50_1 pg 229) Cash discount revenue account Cash discount clearing account Cash discount expense account Cash discount loss account.
Using the editing options, you can configure your screens for the following areas(tfin50_1 pg184) Document entry Open items Master screen Parameter ID Document display.
You define tax accounts, that is, accounts to which tax items are posted, in the field Tax Category by entering one of the following signs:(tfin50_1 pg 241) All are wrong > For output tax < For output tax >For input tax < For input tax.
To set up a new cash journal for a company code, you have to enter the appropriate
values for the following fields:(tfin50_1 pg 327) The four digit cash journal identification and name The G/L accounts to which you want to post the cash journal business transactions The Six digit cash journal identification and name The currency in which you do not want to run the cash journal The company code in which you want to use the cash journal.
When entering a document, among other items, you enter the posting date(tfin50_1 pg 150) correct incorrect.
If you display the balance of an account, the transactions figures for the posting
periods are displayed.(tfin50_1 pg 150) correct incorrect.
which satements are correct? (tfin50_1 pg 228) Credit memos can be linked to invoices to ensure that invoice and credit memos are due on the same date. The day limits define the dates of the cash discount periods. The day limits define the dates of the cash payment periods Every installment of an installment plan must have its own terms of payment. "Terms of Payment" is a field in the client and sales area segment of
the customer master record.
With hold document Which statements are false?(tfin50_1 pg 406) Documents held by the system do not have to be complete. No document number is assigned Held documents can be completed and posted or deleted at a later point of time There is a risk of forgetting held documents and therefore not posting them completely. data of the document is available for evaluation/reports.
Which statements are correct? (tfin50_1 pg 262) A cross-company code transaction consists of at least two documents. Cross-company code clearing accounts must be G/L accounts. The company codes of a cross-company code transaction may have different local currencies. Tax amounts of a cross-company code transaction are automatically distributed to the company codes in which the expenses/revenues occurred.
The procedure for customer down payments is as follows:Which sequence is correct-(tfin50_1 pg 364)
a)The down payment is cleared
b)The vendor invoice is created.
c)The down payment made is entered.
d)The down payment request is posted.
e)The payment is cleared during the payment of the balance. a,d,c,e,d a,d,e,c,d d,c,b,a,e a,c,e,b,d d,e,a,d,c.
Which statements are correct for automatic offsetting entries? (tfin50_1 pg 358) The system automatically makes the offsetting entries Automatic offsetting entries (statistical) are always made on the different offsetting account. If you clear open items in the respective account, the system do not clears the respective items in the offsetting account. The number of the account for the offsetting entry is defined in Customizing.
With parking document which statement is true?(tfin 50_1 pg 407 look fig 176) Documents can be completed, changed, posted or deleted at a later point
of time Substitutions are supported by the document parking feature The Park Document functions are less effective than the Hold Document No document number is assigned No update of the transaction figures Parked documents which are no longer required should not be deleted.
Tasks Related to the Workflow are (tfin50_1 pg 437) Blocking purchase requisitions Changing material masters Approving leave Creating customer accounts Creating purchase orders.
The mySAP ERP system generates the exchange rate differences automatically.(tfin50_1 pg 322) correct incorrect.
G/L accounts must be defined for exchange rate losses or gains.(tfin50_1 pg 322) correct incorrect.
which "Tax category" field in G/L accounts may have 'XX" of the following entries in the Which statement is correct?(tfin50_1 pg 242) For non tax-relevant postings (e.g. bank postings) For postings that require an input tax code (for example, reconciliation account for payables from goods and services) For postings that require any tax code For postings that require an output tax code (for example, reconciliation account for receivables from goods and services) For postings with the predefined tax code.
The following rules apply for the calculation of baseline date: Which one is false?(tfin50_1 pg 214) Default Posting date No default Document date Entry date.
Which statements is incorrect? (tfin50_1 pg 306,307) Reason codes can be assigned to Residual items Reason codes can be assigned to Partial payments Reason codes can be assigned to Difference postings If the payment difference is outside of the tolerances it has to be processed manually If the payment difference is outside of the tolerances it has to be processed Automatically If you know the reason for a payment difference, you can enter a reason code The customer/vendor tolerance groups contain entries that control the residual items.
Which statement is false for "posting with clearing"?(tfin50_1 pg 273) The customer pays the invoice and the payment is assigned to the open item "Posting with clearing" can be carried out for several accounts, account types, and for any currency simultaneously. You can carry out the "posting with clearing" transaction manually or automatically using the automatic payment program. When you use the "posting with clearing" function, enter the clearing document amount and then select the open items that are to be cleared. You can not carry out the "posting with clearing" transaction manually or automatically using the automatic payment program.
Which statements are correct?(tfin50_1 pg 282) The automatic clearing program (SAPF124) cannot carry out automatic postings. A clearing document must have at least two line items. Clearing a credit memo with an open invoice is an example of account clearing. Documents with open items cannot be archived because open items represent incomplete transactions.
The conditions for changing a field are predefined. You can change them as
follows:select True one (tfin50_1 pg 193) The posting period is still open The line item is not yet cleared The document is a credit memo for an invoice The document is a credit memo from a down payment The line item is either a debit in a customer account or a credit in a vendor account.
When you process a document you cannot enter or change terms of payment(tfin50_1 pg 210) correct incorrect.
To reduce the number of clearing accounts, you can use just one company code
as the clearing company code.(tfin50_1 pg 258) correct incorrect.
When the cross-company code document is posted, the system generates a cross-company code document number to link all of the new documents together.(tfin50_1 pg 258) correct incorrect.
To enable the automatic tax account determination you have to assign the
following data to the account/transaction keys that generate the tax items during
posting:(tfin50_1 pg 240) Posting key 40 Tax accounts Posting key 31 Posting key 50 Rules that determine which fields the account determination is based on posting key 21.
which one allow users to set default values for fields whose value does not
change very often(tfin50_1 pg 183) Customer IDs Parameter IDs.
You can not change the cash discount after you post the invoice.(tfin50_1 pg 218) correct incorrect.
Which statements are correct for cash discount net procedure?(tfin50_1 pg 219) The cash discount clearing account must be managed on an closed item basis. If the invoice is paid after the cash discount deadline, the cash discount loss is posted to a separate account. When the invoice is paid, the system carries out a clearing posting to the cash discount clearing account. When you use the net procedure, the cash discount amount is automatically posted when the invoice is posted. If you post a vendor invoice with a document type for the net procedure, the amount posted to the expense or balance sheet account is increased by the cash discount amount.
Which G/L accounts may have "+" of the following entries in the "Tax Category" field: For non tax-relevant postings For postings that require an input tax code (for example, reconciliation account for payables from goods and services) For postings that require an output tax code (for example, reconciliation account for receivables from goods and services) For postings that require any tax code For postings with the predefined tax code The properties of the tax code define whether or not the tax posted is an input or an output tax.
Cross-company code documents can not be reversed(tfin50_1 pg 258) correct incorrect.
Which one do use for the tax jurisdiction code for city level?(tfin50_1 pg 237) 25 000 0000 0 25 022 0000 0 25 022 1105 0 25 022 1105 1.
Which statement is true? (tfin50_1 pg 155.156) Posting periods are opened and closed automatically. No more than two periods can be open at the same time. The authorization group in the posting period variant applies only to authorization for posting in special periods. The account range in the posting period variant consists of G/L accounts.
Which statements are correct for cash journal?(pg336,337) In the cash journal you can create a business transaction linked to a one-time
account. You can not copy and delete cash journal entries saved and display the deleted cash journal entries. The follow-on documents that are posted as a result of cash journal entries are
displayed. You cannot save cash journal entries locally in the cash journal subledger, and copy
or delete them. The cash journal is one of the Enjoy business transactions that you can process on
a single screen. you can also enter checks in the cash journal you can enter, display, and change cash journal entries.
For special General ledger Classes - Other Transactions includes the following ,which one is false?(pg 357) individual value adjustments interest Down payment user defined gurantee of payment.
The automatic clearin program does not clear: check True one(pg 275) Noted items Down payments can not be cleared if down payment clearing items of the same amount have already been posted. open items items with withholding tax entries Statistical postings and certain special G/L transactions relating to bills of exchange.
The SAP Financial Accounting component uses one posting transaction for several
different postings (pg165) correct incorrect.
One gain/loss account can be assigned:(pg 319) To all currencies and currency types One currency and currency type.
Which statements are correct? (pg 201) The normal reversal posting causes an additional increase in the transaction figures The negative posting also posts the incorrect debit as a credit and the incorrect credit as a debit. The normal reversal posting causes the system to post the incorrect debit as a credit and the incorrect credit as a debit. Normally the system do not uses the normal reversal posting to reverse documents. Negative postings can not be used to perform transfer postings of incorrect line items.
As users make changes to documents, the following information is logged:which one is false?(pg 192) The field that was changed The data he entered The new and old values The time and date of the change The user who made the change.
Certain fields in both the document header and the line items can be changed.(pg 192) correct incorrect.
Which statements are correct ? (pg 451) A company code can be assigned several wokflow variants. A task can be assigned one possible processor only. It is possible to design multilevel workflow sequences. The same workflow variant can be assigned to several company codes. A document number is assigned by means of the document type with the "Hold Document" function.
which one do you use for the tax jurisdiction code for country level? (pg 237) 25 000 0000 0 25 022 0000 0 25 022 1105 0 25 022 1105 1.
Which statement is correct? (pg 368) bills of exchange are a type of long-term financing bills of exchange are atype of short-term financing.
You can enter terms of payment in the, Which one is False? (pg 210) company code segment the sales area segment purchasing organization segment HR segment.
The Business Workplace consists of following screen areas: which one is False? (pg 439) Selection tree Worklist Financial Accounting Work item preview.
What happened When an open item on a customer or vendor account is cleared, the possible cash discount is posted automatically (pg 218) to an account for "customer cash discount" to an account for "cash discount expense" to an account for "credit to vendor to an account for "cash discount received".
"Which Tax Category" G/L accounts may have "*" entries in the: Which statement is correct? (pg 242) For non tax-relevant postings For postings that require an input tax code (for example, reconciliation account for payables from goods and services) For postings that require an output tax code (for example, reconciliation account for receivables from goods and services) For postings that require any tax code For postings with the predefined tax code.
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