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Chart of accounts is a variant ANS: true chart of accounts is a variant principle define chart of accounts for every company code, chart of accounts can assign to any number of company codes but every company code will have one chart of account 2. For what purpose we require chart of accounts? We require chart of accounts to create account groups 3. What is the group of fields in a company code segment? In company code segment there are / control data, bank/interest, information 4. G/L accounts have external number assignment. 6. Where we can specify, if the account is a balance sheet or profit & loss account? While creating the ledger accounts we will specify the account is balance sheet or p&l account in create g/l accounts 7. Segment is derived from business area 8. What are important document types? Document header and line items are important document types 9. What types of number assignment are there for any document? Internal and external number assignment 10. SAP system works on the basis of _r/3___ 11. FI document is not generated for purchase order and unplanned depreciation 12. Posting key controls line items in the document header 13. Field status hierarchy and assignment level? 14. The variant principle is used for ____ 15. If the payment difference is too high, how it can be processed? Mention the steps in detail with all the available options. 16. If posting period is defined in fiscal year variant then what is defined in posting period variant? In posting period variant we will define open and close periods 17. Posting period variant is valid for how many company codes? Posting period is valid for only one company code 18. During closing of fiscal year, how many posting periods must be open mandatory? During closing of fiscal year one posting period must be open mandatory 19. Explain what is the role of account types in posting periods? Account types are ADKMS are used in the posting periods if to restrict respective customer or vendor posting period to open or close 20. Posting period and fiscal year is fetched from _____ 21. Document splitting is feature/steps ____ 22. Prerequisites for the field changes? field status groups, field status variants, g/l accounts 23. What are the rules of document reversal? Mention all of them. 24. Terms of payments is agreed between customer and vendor 25. These credit memos are due on baseline date, what are they? Non-Invoice memos 26. Types of Cross company code transaction ____. Mention all of them. 27. What is required for enabling cross company code transactions? To enable cross company code transaction we require same chart of accounts and same fiscal year 28. What are the various options available for account clearing? Explain in detail

Open item clearing, clear items 29. Tolerances is divided into three tolerance for employees, tolerance for g/l accounts, tolerance for cutomers/vendor accounts 30. Permitted payment differences controls what? 31. Explain in detail that when the processing of payment differences will be automatic and when the same will be manual? Payment differences will be manual for special types of vendor accounts 32. If the tolerance limit is outside mention all the possible ways? If the tolerance limit is outside we can make partial payment, or residual payment 33. Online splitting is another name for document splitting 34. Fields in chart of accounts segment Three types of fields in chart of accounts segment 1 type/ description 2. Keywords/translations, 3. Information 35. What is the name of the totals table in new GL accounting? FAGLFLEXT 36. Which ledger is integrated with CO module? Leading and non leading ledger 37. We must always assign all scenarios to ledger 38. What is the effect of non-assignment of any scenario to the ledger? 39. The report RFBELJ00 is used for : choose the correct answer a. Accounts payable b. General ledger c. Compact document journal d. Accounts receivable 52. Customer and vendors have two segments what are they? General data and company code data 53. General Data & Company code data consists of ? General data we will have basic information of the g/l account which is at client level where as in company code data we will have information like correspondence, bank/interest calculation 54. AR/AP account group controls? Master data of customer and vendor accounts 55. AR/AP controlling field status? Reconciliation 56. Clearing customer Vs Vendor? We clear the customer and vendor accounts by giving the account number in the customer master records transactions 57. A chart of Accounts (Multi) A. Can be allocated to multiple company code A. Can be defined as the group chart of accounts B. Contains definitions for G/L accounts C. Can only allocated to one company code. 58. Which is correct? (Multi) a) Customer master is divided by client level & co. code level . b) In case of one time customers-the address is stored in the document. 59. When you create a G/L account the following entries must always be assigned to the account.(Multi) a) Account Group

b) Balance sheet a/c & P&L statement type. c) Short text. d) Sample account number e) Consolidation trading partner. 60. Where are the posting periods defined? (Single) a) Posting period variant b) Fiscal year variant c) Field status variant d) Closing period variant

61. What controls whether a line item is a debit or credit and specifies the type of account for a line item.(Single) a) Posting key b) Document type c) Account group d) Field status 62. Closing of period is controlled by(Single) a) Posting period variant b) Fiscal year variant c) Field status variant d) Closing period variant 63. When entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered (single) a) Posting date b) Document date c) Entry date d) Baseline date 64. Every document in R/3 (excluding Special GL transaction like noted items) must have (Single) a) Doc header & balance

b) Doc header & 2 line items c) Doc header & maximum 999 line items d) At least 2 line items & 2 text lines 65. In a cross company transaction how many documents would be generated? (Single) a) No transactions b) More than 2 c) Two d) Only one 66. Balance carry forward.(Single) a) B/S accounts b) P/L accounts c) Cannot be done until audit report comes d) Sales tax has to be completed

67. Which of the following is an example of transaction data? (Single) a) Incoming Invoices b) GL account master records c) Vendors d) Banks 68. What date can be changed after posting? (single) a) Baseline date b) Posting date c) Document date d) Value date 69. When Posting Expenses treatment of tax posting a) Sending Company Code or target Company code is responsible or where we make the payment that company code is responsible b) Sending Company Code or Source company code or where we post only tax item that company is responsible. 70. Functions of fiscal year variant (2) a) Posting periods (16 normal periods and special periods)

b) Opening Periods c) Posting periods (56 normal and special periods) d) Controlling and managing (Special periods and day to day operations)