You receive a credit memo from your vendor. How do you enter this credit memo in the SAP R/3 system? If a difference between the PO price and price shown in the invoice is involved, you enter the transaction as a subsequent credit. If a difference between the quantity delivered and the quantity invoiced is involved, you post the transaction as a credit memo. If a difference between the PO price and price shown in the invoice is involved, you can enter the transaction as an invoice. In the process, you enter a negative amount at item level and set the subsequent debit indicator. You establish the link to the originally posted invoice document and post a partial cancellation/reversal for the amount of the credit memo. Which of the following ways of handling cash discount are possible? Deduction of cash discount at time of payment runs in Financial Accounting. Net/gross posting at time of invoice receipt. Net/gross posting at time of invoice release. Net/gross posting at time of purchase order entry. How can you prevent an invoice for a total amount of 10,000 euros and three item amounts of 3,000,2,000, and 5,000 euros from being posted? You assign an authorization with amount restrictions for the posting of incoming invoices You define a tolerance group specifying an amount per document of 10,000 euros as the upper limit for posting transactions in Customizing for Invoice Verification, and enter this tolerance group in the user master records of the relevant invoice verification clerks. You activate the item amount check in Customizing for Invoice Verification and have the invoice blocked if the tolerance of 10,000 euros is exceeded. You activate amount-dependent document parking in Financial Accounting and specify 10,000 euros as the amount per document as of which a block is imposed during parking. Which of the following statements regarding the posting of a subsequent debit is true? A subsequent debit cannot be posted before an invoice receipt. A subsequently posted debit changes the total invoiced value but not the total invoiced quantity. A subsequent debit can be posted with reference to a previously posted invoice. A subsequent debit cannot be posted before a goods receipt. To reduce your process costs, you want to automatically release as many of your blocked invoices as possible. Which of the invoices listed below can be automatically released? Invoices that were blocked due to a quantity variance, provided that the entire invoiced quantity has in the meantime been posted as a goods receipt. Invoices that were blocked due to a price variance provided that the PO price now matches the invoice price. Invoices that were blocked due to a date variance provided that the delivery date has in the meantime been reached. Stochastiscally blocked invoices. Manually blocked invoices. Which of the following statements regarding input tax handling are correct? If the tax codes are preplanned in the purchase order, the tax is determined automatically in invoice verification. You can use different tax codes in an invoice in invoice verification. The input tax cannot be calculated automatically in an invoice document. It is always entered manually by the invoice verification clerk. You can use input and output tax codes in an invoice in invoice verification. Which of the following statements regarding the GR/IR clearing account are correct? The GR/IR clearing account is always managed in local currency. The GR/IR clearing account is managed purely on a value basis. You use GR/IR clearing account maintenance to handle free-of-charge deliveries. You should specify a percentage as default value for the quantity variance in Customizing. This ensures that only items with minor quantity variances are selected. This prevents the uncontrolled posting of large quantities/values to the GR/IR account. Which of the following statements regarding invoice verification is correct? The baseline date is the date to which the deadlines for the deduction of cash discount relate. Invoices are stochastically blocked at item level, not header level. Taxes cannot be paid on planned freight costs. In the standard system, postings can never be made to the price difference account in the case of moving average price materials. . When can the GR/IR account not be cleared? If the GR quantity does not match the IR quantity. If the GR value exceeds the PO price. If the GR quantity exceeds the PO quantity. If the GR quantity is less than the PO quantity. In which cases is it necessary or unnecessary to maintain the GR/IR clearing account? If the quantity invoiced is greater than the quantity delivered, account maintenance is necessary in the event that no further goods receipt is expected. If the quantity delivered is greater than the quantity invoiced, account maintenance is necessary in the event that no further invoice is expected. Account maintenance is generally unnecessary in the case of purchase orders with account assignment. Account maintenance is necessary in the event of price differences between goods receipt and invoice receipt. Account maintenance is necessary following cancellations of invoice documents. Which of the following statements regarding invoices that are "on hold" are correct? When the "hold" function is used, an MM invoice document is generated. You can change a document that is "on hold" as often as you like. A document that is "on hold" can be deleted. "Held" invoices are marked as such in the PO history. When the "hold" function is used, information is passed on to Financial Accounting. Which statements regarding Evaluated Receipt Settlement (ERS) are true? Invoices cannot be entered manually for PO items for which ERS has been defined. The goods receipt must have been posted. The 'Evaluated Receipt Settlement indicator must be set in the vendor master record. There can be no quantity or price variances between the automatically generated invoices and the goods receipt. You are faced with the following situation: price control: V (MAP) / PO price: 10 / warehouse stock on hand: 0 / goods receipt of 50 pc / goods issue of 10 pc / invoice receipt for 50 pc@20. What is posted at the time of invoice receipt? GR/IR: 500 / stock: 400/ price differences: 100/to vendor liability: 1000 GR/IR: 500 / stock: 500 / to vendor liability: 1000 GR/IR: 1000 / to vendor liability: 1000 GR/IR: 600 / stock: 400 / to vendor liability: 1000 Goods usage: 1000/to vendor liability: 1000. A vendor is issued a purchase order for 200 pieces at 10 UNI/pc and 10% tax. There was a goods receipt of 140 Pieces. The vendor sends an invoice for 200 pieces at 12 UNI/pc. The Purchase manager decides on a partial reduction with quantity variance. What will be accounting entries for the invoice and credit memo? Stock account in the invoice document is 280+ Input tax in credit memo is 72- Vendor account in the credit memo is 792+ Stock account does not get affected Vendor account in the credit memo is 440+. A purchase order has been issued for 60 pieces at 5.00UNI/pc. Goods receipt for the purchase order is 40 pieces. He receives an invoice for 60 pieces at the PO price along with a 10% tax. The purchase manager decides that the invoice has to be reduced. How does the system behave if this invoice is reduced? The input tax is credited with 30 UNI in the invoice The input tax is debited with 10 UNI in the credit note The vendor account is credited with 110 UNI in the credit memo Vendor account is debited with 220 UNI in the invoice The clearing account for the invoice is credited with 100 UNI. A purchase order has been issued on a vendor for two materials. 150 units of material A has been ordered at 4 UNI/pc. 20 units of material B has been ordered at 45 UNI/pc. The vendor has supplied all the materials. The invoice for the supply has been received and posted. He now sends an invoice that includes 875 UNI as freight charges and 125 UNI as custom duty that was not planned. The system has been configured to distribute delivery costs amongst items. How will the cost be apportioned when the invoice is posted? Stock account for Material A 380 +, Stock account for Material B 570 + Stock account for Material A 500 +, Stock account for Material B 450 + Freight clearing 875+ Custom clearing 125 +. Which of the following statements regarding the entry of an invoice with reference to a purchase order are correct? The creditor (vendor) is adopted from the purchase order The system always shows only those items that have not yet been invoiced. The system always suggests the entire ordered quantity. You have set up the stochastic check in Customizing for Logistics Invoice Verification as follows: At a threshold value of 10,000 euros, there is a 50% likelihood of an invoice being blocked. What is the likelihood of an invoice with a value of 15,000 euros being blocked? 50% 100% 67.5% 75%. Which of the following statements regarding tolerance group are correct? Invoice form the relevant vendor can be reduced Both an absolute and a percentage tolerance limit can be defined for small diferences Invoices from vendor in which tolerance specified in the tolerance group is exceded can be posted. However they are block for payment. Invoice with a certain tolerance range can be acepted on a blanket basis. In the creditor master records for your vendors, you can store tolerance groups for logistics invoice verification. Which possibilities do specification of a tolerance group open up? Invoces from the relevant vendor can be automatically reduced Invoices from the relevant vendor in which the tolerance specified in the tolerance group can be posted, However, they are blocked for payment Both an absolute and a percentage tolerante limit can be defined for small differences Invoices within a certain tolerante range can be accepted on a blanket basis. Which of the following statements regarding goods receipt in Inventory Management are correct? An account document can be generated for the receipt of inventory items An account document is always generated for the receipt of inventory items An account document must be generated for the receipt of inventory items. Where can I locate the latest Purchase Order price and the latest purchase order number for a material? Info record List display for order price history Quotation Request for quotation. In Total Based acceptance what validations can the system do before deciding that the balance is too large for the invoice to be posted? First checks whether the variance falls within the small difference If the positive difference is greater than the small difference it checks whether the variance falls within the defined invoice reduction limit If the invoice reduction limits are set to do not check, the system compares the variance with the acceptance limit First checks whether the variance falls within the defined invoice reduction limit If the difference is greater than the small difference it checks whether the variance falls within the defined invoice reduction limit. What settings are possible in customizing to enable the system to react to variances based on purchase order and purchase order history? Only park Accept or park with tolerances Accept Reduce. In which type of invoice verification is it not possible to post an invoice before the first goods receipt? GR-Based IV PO-Based IV Non valuated goods receipt. What transaction, listed below, allows the SAP system to create an invoice when it identifies that a material document or a goods receipt has been created with reference to a PO? Evaluated Receipt Settlement Collective Invoice Processing Automatic Payment Process GR-Based-IV. If you decide to check for duplicate invoices in LIV, what does the system verify? Company code Invoice date (document date) Reference Amount Currency Posting date. What are the ways in which invoice postings are possible? Manual posting Automatically through electronic transfer Invoicing plan Consignment settlement. What should you do to extend the payment period when you release the invoice? Change baseline date for payment Release manually Select blocking procedure. Where does the system picks the rate at which tax is calculated in invoice verification? Purchase Order Customizing Invoice item. From where does the system pick the default quantity of an item when you post invoice receipt? Purchase order history Invoice Purchase order System settings Vendor master. What happens to accounting entries when an invoice is posted? GR/IR account debited, vendor account credited GR/IR account credited, vendor account debited None of the above . What happens if the balance exceeds the tolerance limits in Invoice Verification in the background? The invoice documents are saved with the items created The invoice document must not be processed manually later The invoice document can be processed in the background again. What authorizations can you set for each user in Invoice verification? Company codes in which postings can be made Plants in which postings can be made The blocking reasons that can be deleted Whether variances can be accepted manually without item reference. Assignment of user to tolerance group. What is associated with message determination settings in customization of Invoice verification? Condition tables Access sequences Requirements Release group Tolerance limits. What does the transaction key BSX represent? Inventory Posting GR/IR clearing posting Price difference posting . From where do the transaction keys for delivery cost postings come? Completes the materials procurement process It allows invoice that do not originate in materials procurement to be processed Handles the payment Allows credit memos to be processed Handles the analyses of invoices. . What are the tasks of invoice verification? Entering invoices and credit memos received Checking the accuracy of invoices Executing the account posting resulting from invoice .Checking invoices that were blocked Updating open items and material prices. What is the process of invoice verification? Purchase order, service or GR referenced for incoming invoice Invoice items suggested by the system against referenced document Corresponding automatic account postings carried out Payment proposal list for vendor generated. Which of the following statements on the cancellation of invoice documents are correct? If an invoice is cancelled, the system automatically creates a crédit memo During the cancellation process, the account movements generated when the invoice was posted are always reversed If a credit memo is cancelled, the system automatically creates an invoice A cancellation (reversal) document can itself be cancelled (reversed) You cannot reverse a reversal document. In his invoice, your vendor charges you with freight costs amounting to 1,000 euros. The associated PO did not cover these costs. How can you enter them when posting the invoice in logistics invoice verification? As unplanned delivery costs in the invoice document header Post them to a separate G/L account Manually distribuye them among the existing PO items With the aid of the transaction/event key for unplanned delivery costs. what changes can be made to a posted material document and what effects do these change have? The item text can be changed at item level Changes affecting the value of the material document also update the associated accounting document Because the movement type is maintained at header level, it can be changed The quantity entered and the storage location can be change at item level The posting date in the document header is adjusted with every change. Which other documents can you reference when entering an invoice that references a purchase order? Service entry sheet Delivery notes Bills of lading Material documents. Invoices can be posted gross or net. Which of the following statements apply to posting net? If you post net, the system adjusts the moving average price in the material master record To be able to post invoices net, you must use a special document type For materials with standard price, if you post net the cash discount amount is posted to the cash discount The cash discount amount is not taken into account until the payment run If you post an invoice net, there is no conection of the input tax. Which messages can be generated in the logistic invoice verification area in the standard system? e-mail purchasing in the event of a price variance Invoice receipt slip e-mail controller following GR/IR account maintenance Credit memo to vendor in ERS. You want the system to display the number of the accounting document in addition to the number of the invoice document after an invoiced is posted. Where do you make this setting? In your user parameters In customizing for logistics invoice verification In Personal settings in the Enter Invoice transaction In the plant parameters. What are the special features of GR-based invoice verification in comparison with PO-based invoice verification? In the case of GR-based invoice verification you cannot enter an invoice if a goods receipt has not yet been posted The indicator for GR-based invoice verification must be set no later than at the time the goods receipt is entered In the case of PO-based invoice verification you can access the external delivery note number used by the vendor The indicator for GR-based invoice verification is located in the PO header and relates to all the items of the PO. In logistics invoice verification, you can choose between different document types when entering invoices. What does the document type determine? Number assignment for accounting document Which account types are allow Number assignment for invoice document Whether invoice reduction is allow for a document type Whether a document is posted gross or net. You whish to enter an invoice without reference to a purchase order. Which header data must exist in order that you can post an invoice directly to a certain GL account? Baseline date for payment Invoicing party Currency G/L account number. Which of the following statements regarding invoice verification are correct? During invoice verification, an invoice can be entered without referente to a PO and posted to material account (that is to say, it can influence the moving average price of a material. Invoices generated via ERS do not need to be unblocked due to quantity and price variance If the Evaluated Receipt Settlement (ERS) indicador has been set in a vendor master record, all material purchased form this vendor are subject to evaluated receipt settlement. This does not apply to materials for which ERS has been excluded in the relevant info records If the Evaluated Receipt Settlement (ERS) indicador has been set in a vendor master record, all material purchased form this vendor are subject to evaluated receipt settlement. This does not apply to materials for which ERS has been excluded in the relevant material master records Invoices that are blocked due to too-early delivery (thats is, due to a delivery date variance) are automatically released on the delivery date specified in the PO (without intervention by the user). Messages generated in Logistics Invoice verification area in the standard system Credit memo to vendor in ERS e-mail to purchasing in the event of a price variance Compliment Consignment. characteristics in invoice verification The base line date is the date to which the cash discount deadlines refers Invoice are stochastically blocked at header level Taxes can apply to planned freight costs. Caracteristics of unplanned delivery costs posted to the materials stock account You must enter the unplanned delivery costs in the entry screens header You cannot manage price control standard (S) You must configure the customizing for the logistic invoice verification so that when unplanned delivery costs are posted, they have to be posted to in the way of distribute among invoice items Stock must be available.