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SAP MM INVOICE VERIFICATION

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Title of test:
SAP MM INVOICE VERIFICATION

Description:
SAP MM INVOICE VERIFICATION

Author:
Prashanth Venkategowda
(Other tests from this author)

Creation Date:
24/11/2017

Category:
Personal

Number of questions: 12
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Content:
What purpose does invoice verification serve in materials management? It allows invoice that do not originate in materials procurement to be processed Completes the materials procurement process 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 Updating open items and material prices Checking invoices that were blocked.
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.
What are the ways in which invoice postings are possible? Manual posting Automatically through electronic transfer Evaluated receipt settlement Invoicing plan Consignment settlement.
What happens when an invoice is posted? Material master always updated. Purchase order history updated Individual line items posted to appropriate accounts MM invoice document created if necessary FI document always created.
What happens to accounting entries when an invoice is posted? GR/IR account debited, vendor account credited GR/IR account credited, vendor account debited.
There is a stock of 60 pc of a material having a standard price of Rs.9. A purchase order has been raised on the vendor for 40 pieces at Rs. 11 per pc. The material was received and invoice verified. What would the accounting entries show for this movement after IV? Stock account Rs. 360+, vendor account Rs. 360- Stock account Rs. 440+, vendor account Rs. 440- Stock account Rs. 440+, vendor account Rs. 360- Stock account Rs. 360+, vendor account Rs. 440- Stock account Rs.0, vendor account Rs. 80-.
From where does the system pick the default quantity of an item when you post invoice receipt? Invoice Purchase order Purchase order history System settings Vendor master.
During invoice verification the system picks the rate at which tax is calculated from the vendor master record. TRUE FALSE.
which of the following does the system copy from the purchase order during invoice verification entry? Purchase order number Tax amount currency Vendor Bank information.
From where can the terms of payment be an input for invoice verification? User entry Purchase order Purchase order history Vendor master Material master.
An invoice can refer to various objects TRUE FALSE.
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