SAP FICO Online Free modal test1

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1. Account groups are used to control the following properties
field status of transaction fields	field status of master fields
field status of master fields and number range	field status of master fields, number range and whether accounts are p&L or B/S

2. You can post transactions to an account in any currency only if
account currency is not maintained	account currency is same as local currency of the company code
account currency is different from company code currency	under all circumstances

3. You can carry forward P&L account balances to______.
Multiple retained earnings accounts, automatically	Single retained earnings account, automatically
Multiple retained earnings accounts, through period end processing	Single retained earnings accounts, through period end processing

4. Default exchange rate picked up during FI document is
exchange rate maintained for type ‘B’	exchange rate maintained for type ‘M’
exchange rate maintained for type ‘G’	there is no default exchange rate type

5. You can clear open items only when they have same
business area, amount, opposite dr/cr indicator and same entry in fields that are configured for automatic clearing	amount, opposite dr/cr indicator
business area, amount and opposite dr/cr indicator	amount, opposite dr/cr indicator and same entry in fields that are configured for automatic clearing

6. Foreign currency valuations on G/L accounts are performed on the following accounts
all accounts	all accounts managed on open item basis
all accounts managed on open item basis and all accounts with account currency different from local currency	accounts managed on open item basis having foreign currency transactions and all accounts with account currency different from local currency

7. You can display account balances of several related accounts through
account groups	sort key
worklists	totals variant

8. You run BA/PC adjustments for _______.
balancing BA level balance sheet for inter business area transactions	balancing company code level balance sheet for inter company transactions
posting adjustment entries for changed reconciliation accounts	posting vendor/customer reclassification at business area level

9. Fast entry screens in FI are used to enter ______.
customer and vendor line items	G/L line items
G/L, customer and vendor line items	Invoice receipt against GR

10. Easily entered document entry templates are called _______.
sample document	account assignment models
worklists	recurring documents

11. Posting keys are used to decide
dr/cr indicator, field status of transaction screen, account types	dr/cr indicator, account types
dr/cr indicator, field status of transaction screen, account types, special G/L applicability	dr/cr indicator, field status of transaction screen

12. How many parallel currencies are possible and at what level they are assigned?
2 local currencies, chart of account	3 local currencies, chart of account
2 local currencies, company code	3 local currencies, company code

13. When you reverse a posted document, the document number must be
internal	external
internal or external	manually assigned

14. Cross company code transactions are carried out between company codes 0001 and 0002 in the year 1999. The accounting document created for 0001 is 9800005210 and that for 0002 is 9800004236. This is created from company code 0001. The cross company code number generated is
000198000052100001	980000423600020001
9800005210000199	9800004236000299

15. Financial statements can be generated in
local currency	document currency
controlling area currency	any currency for which customization is maintained

16. The views maintained for vendor master data are ______.
general data, company code data	general data, company code data, purchasing data
general data, company code data, business area data	general data, company code data, business area data, plant data

17. Group key assigned to vendor master records control the following
it is a combination of up to three fields based on which open invoices are selected for automatic payment	basis for grouping several vendors for balance display
basis for classifying vendors for standard reporting	it is a combination of up to three fields based on which open invoices are selected for manual payment

18. Posting through a special ledger indicator affects
the main reconciliation account of the vendor or customer	the alternative reconciliation account mapped to the main reconciliation account of the vendor/customer
the alternative reconciliation account and the main reconciliation account of the vendor/customer	offsetting entry to the main reconciliation account of the vendor/customer

19. Check management with relation to outgoing payments is possible for open items for
vendors	vendors and customers
vendors, customers and G/L accounts	vendors and G/L accounts

20. If you do not want to enter a document with provision for updating the ledger on approval from authorized officials, you use the following functionality
parked document	sample document
account assignment model	recurring document