GV-Business Partner Master Data(vidhyadhar)

A Customer / Vendor Master record can be created in three steps. Sequence the steps in the correct order. ( Click on a button on the left side, drag it to the appropriate button on the right side for matching and click again on the right side button). Assignment of Number Range. Creation of Account Group. Creation of Master record.

If you can directly assign a number to your customer / vendor master record, then you may dispense with the creation of customer / vendor account groups. False. True.

The process of creating of a business partner and the all the related steps always happen. in the IMG screen since creation is a configuration activity. partly in the IMG screen and partly in the Easy Access screen. in the Easy Access screen since it is an end-user activity.

In Financials, you do not have the option to delink a wrongly created business partner from an account group and attach to a different account group. False. True.

The Status of a business partner master related field in the company code segment can be set and managed at (more than one option is / are likely to be correct). Account Group Level. Account Group and Transaction specific Levels. Account Group, Transaction Specific and Company Code Levels. Account Group Level and Company Code Levels. Account Group and Business partner Account Code level. All of the above.

Changes to address related sensitive fields of a vendor master record pending approval result in. a vendor payment through Automatic Payment Program in which the check is sent to the vendor's old address ( viz. address prior to change). a vendor payment through Automatic Payment Program in which the check is sent to the vendor's revised address ( viz. changed address). the system generating two checks ( one with the old address and another with the revised address) for the user to deliver a single check of his / her choice and cancel the other check. None of the aforesaid options is / are possible.

Every business partner in SAP is assigned a code number. Every Account group under which the business partner is created is assigned ( more than one option(s) is / are correct ). always an alpha numeric number range which is external ( viz. user assigned ). always an alpha numeric number range which is internal ( viz. system assigned ). a number range which is external and internal. a number range which is external or internal. a number range with overlap not rejected by SAP. a number range with overlap not allowed by SAP.

Every Customer master record (with a general data segment already created) is said to be complete for accounting purposes when (more than one option may be correct). the company code and section and Purchase Organization are created. the purchase organization is created from the SD Module. the company code segment is created in the Sales Area segment. the company code segment and Sales Area Segment are created. the company code segment stands created and creation of master record is an activity in financials. purchase organization and sales area segments are created for the same customer.

The same vendor number range interval can be assigned to more than one vendor account group. False. True.

A one time business partner account group can be used to create a single business partner master record skeletally. which can represent different one-time transaction business partners explicitly defined in the company code segment of such master record. which can be assigned a single code number for representing different one time transaction business partners defined at document level.

Pick out the default and most appropriate (correct) answer from the following statements: < Two answers out of the following nine statements are most appropriate (correct) , by default >. Usually, An Alternative Payer references an entity who would pay you on behalf of your Customer who supplied materials and (or) services to you. Usually, An Alternative Payer references an entity whom you would pay on behalf of your vendor who supplied materials and (or) services to you. Usually, An Alternative Payer references an entity whom you would pay on behalf of your customer who supplied materials and (or) services to you. Usually, An Alternative Payer references an entity who would pay you on behalf of your vendor who acquired materials and (or) services from you. Usually, An Alternative Payer references an entity who would pay you on behalf of your Customer who acquired materials and (or) services from you. Usually, An Alternative Payee references an entity who would pay you on behalf of your Customer who supplied materials and (or) services to you. Usually, An Alternative Payee references an entity whom you would pay on behalf of your vendor who supplied materials and (or) services to you. Usually, An Alternative Payee references an entity whom you would pay on behalf of your customer who supplied materials and (or) services to you. Usually, An Alternative Payee references an entity who would pay you on behalf of your vendor who acquired materials and (or) services from you.

Customer / Vendor number, as the case may be, is a field which belongs to the. the Sales Area / Purchase Organization Segment , respectively. Company Code segment. General Data segment. Customer / Vendor Account Group.

Customer / Vendor Number, as the case may be, is created. up to a future fiscal year, by furnishing the year as 9999. each year, by furnishing the fiscal year so as to start numbering at the beginning of each year. is never time-centric.

Updation of data in a field called Corporate Group in the General Data segment of the business partner master record is also called as a group key which helps in consolidating multiple business partners under a single roof in terms of reporting receivables from and payables to the group. True. False.

Reliance Retail , engaged in retail trade , operates throughout India via numerous branches. Their operations involve decentralized procurement but centralized payment from their head office in Ahmedabad. All branches of this trader are treated as distinct customers in your books using the H O - Branch concept. Reliance Retail - Ahmedabad is the customer whom you treat as Head office . If you have activated a check box called "Decentralized processing " in the company code segment of this customer in Ahmedabad...... You can receive payments from individual branches and not from the Head Office of your customer ( your customer's policy of centralized payment does not apply to you ). You can send dunning notes to the Head Office as well as the individual branch offices of your customers though payments are received from individual branches. You can send dunning notes to the head office as well as the individual branch offices of your customers though payments are received from their Head Office.

Under a vendor account group USVN ( for Vendors in USA ) Microsoft Inc. has been creatd as a vendor ( with Vendor Code: USMS10010 ) to many Indian organizations. Most Indian organizations have endorsed Ms. Melinda Gates as the their payee. However, your organization treats Mr.Bill Gates as the payee.... ( pick the correct statement(s).......More than one statement may be correct ). Other organizations have configured Ms. Melinda Gates as the alternative payee in the company code segment. Other organizations have configured Mr. Bill Gates as the alternative payee in the general data segment. Your organization has configured Ms. Melinda Gates as the alternative payee in the general data segment. Your organization has configured Mr. Bill Gates as the alternative payee in the company code segment. configuration in the general data segment gets priority over the one in the company code segment. configuration in the company code segment gets priority over the one in the general data segment. It is possible to find out from the current number field how many American vendors have been created. It is impossible to find out from the current number field how many American vendors have been created. Your organization has configured Mr. Bill Gates as the alternative payee in the general data segment.

Let us assume that you are the CEO of Intel Processors Inc. While you sell processors to Micro soft Inc., you also procure monitors from Micro soft for your organization's use. While you owe 2 Million dollars to Micro soft inc. they in turn owe you 2.35 Million dollars. Your organization wants to net the receivables from Microsoft against your dues to them. (Pick the correct answers....more than one may be correct). You furnish Microsoft ( Customer Code ) in the related Vendor Master Record and Vice Versa in the General Data segment (of the respective business partner master records). You furnish Microsoft ( Customer Code ) in the related Vendor Master Record and Vice Versa in the Company Code segment (of the respective business partner master records). You Activate a check box "Clearing with customer " in the related vendor master record and vice versa , which has to be done in the General Data segment (of the respective business partner master records). You Activate a check box "Clearing with customer " in the related vendor master record and vice versa , which has to be done in the Company Code segment (of the respective business partner master records).

Pick out the incorrect statement(s) from below: When you use the Permitted Payee / Allowed Payee in the vendor master record, your alternative payee need not be part of your vendor master. When you use the Permitted Payee / Allowed Payee in the vendor master record, your alternative payee must already exist in your vendor master. When you use the Individual entries in the customer master record, your alternative payee can be determined and updated while posting the transaction document and the entity need not already exist in your business partner master. When you use the Individual entries in the customer master record, your alternative payer can be determined and updated while posting the transaction document and the entity need not already exist in your business partner master.

Each customer master record contains fields for dunning and other correspondence purposes (grouped under respective tabs) as. Shareable data at Client level. Shareable data General data segment level. Shareable Company code segment level. Non-shareable data at Client level. Non-shareable data General data segment level. Non-shareable Company code segment level.