1.

The length of G/L account number should be mentioned in

a. G/L account groups
b. G/L account
c. Chart of accounts
d. None of the above
2. The G/L account becomes a complete G/L account
a. if we have added the company code segment to chart of account segment
b. if we have created both company code segment and chart of account segment centrally
c. if we have created chart of account
d. if we have copied the chart of account segment from other company code

3. If we are using the same chart of account in more than one company code
a. the company code segments are same in all company codes
b. the account name and account number is the same in all company codes
c. the currency in company code segment in all company codes is the same
d. the group account number is different in all company codes
4. The appearance of the company code segment of a G/L account is based on
a. account group entered in the chart of account segment
b. group account number entered in chart of account segment
c. assignment of group chart of account in chart of account
d. none of the above
5. The appearance of an account master data is based on
a. account number
b. field status
c. chart of account
d. none of the above
6. Creation of duplicate accounts in A/P can be prevented by using
a. the match code before creating the new account
b. sensitive dual control
c. switching on automatic duplication check
d. none of the above
7. Which of the following statements are true, when you are considering the major controls
of document types
a. the account types allowed for postings
b. the field status of head text and reference number
c. posting keys
d. none of the above
8. Which of the following statements are true
a. posting keys are defined at client level
b. account types allow line item postings based on the posting key
c. field status definition ‘suppressed’ and ‘required’ cannot be combined
d. field status groups are examples of variant principle
9. Which of the following are true if we are using the same posting period variant for several
company codes
a. opening and closing of periods to be done for each company code
b. we cannot use the same posting period variant for several company codes
c. we can maintain different special periods for each company code
10. Which of the following statements are true
a. we can open two period ranges during the time of closing process
b. based on the document date entry, system will determine the posting period and fiscal year
c. if you display the balances of an account, the transaction figures for the posting periods are
displayed
11. By mentioning the base line date, cash discount periods, and cash discount percentage
rate in payment terms, system will calculate
a. due date of the invoice and cash discount
b. due date only
c. cash discount only
d. none of the above
12. Using the account clearing function, choose and match those existing open items from an
account that balance to zero. The system marks them as cleared and creates a clearing
document. The clearing document number and the clearing date is entered in the cleared
open items. The clearing date can be the current date or a date that the user determines.
State whether this statement is true or false
13. Which of the following statements are true
a. we cannot have separate cash journal for each currency
b. special general ledger indicators use the subsidiary ledger master records but are connected
to the general ledger via alternative reconciliation accounts
c. a down payment request is a noted item. It does not change any account balances. You can
dun and pay automatically on the basis of down payment requests
14. The specifications for permitted payment differences can be found in both types of
tolerance groups. They control the automatic posting of cash discount adjustments and
unauthorized deductions.
State whether this statement is true or false
15. All reconciliation accounts and all general ledger accounts with open item transactions in
foreign currency must be assigned to the revenue/expense accounts for realized losses and
gains.
State whether this statement is true or false
16. R/3 system contains
a. data base server only
b. application server only
c. presentation server only
d. all of the above
17. All data and programs are contained in
a. application server
b. database server
c. none of the above
18. SAP business object consists of
a. attributes
b. methods
c. attributes and methods
d. none of the above
19. Maximum number of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. six
20. Fiscal year can be
a. year dependent
b. year independent
c. both year dependent and year independent
21. Fiscal year which is a calendar year can have
a. 12 normal periods
b. less than 12 normal periods
c. more than 12 normal periods
22. Shortened fiscal year can have
a. 12 periods
b. more than 12 periods
c. less than 12 periods
d. should have less than 12 periods
23. Company code can have
a. one local currency only
b. two local currencies
c. any no. of local currencies
d. none of the above
24. Postings in a company code are done in G/L account of
a. consolidation chart of accounts
b. operative chart of accounts
c. country chart of accounts
d. all of the above
25. Retained earnings account is
a. specific to company code
b. specific to client
c. specific to chart of accounts
d. none of the above
26. Which of the following statements is true
a. company can use indirect exchange rate only
b. company use direct exchange rate only
c. company can use both direct and indirect exchange rates
27. State which of the following is true in relation to SAP features
a. business areas are company code specific
b. business areas are assigned to company codes
c. business areas are used for reporting across company codes
d. none of the above
28. Posting in a G/L account is controlled by
a. account group of the G/L account
b. field status group in the chart of accounts segment
c. field status group in the company code segment
d. all of the above
29. Which of the following is true
a. company code can have one retained earnings account only
b. company code can have more than one retained earnings account
c. chart of accounts can have more than one retained earnings account
d. chart of accounts can have one retained earnings account only
e. none of the above
30. Which of the following is true
a. account group controls the document field status
b. account group controls the number range of G/L accounts
c. account group controls the master record field status
d. all of the above
31. Which of the following are correct with respect to your G/L account house bank name
a. the g/l account house bank name shall be the same as in the bank directory
b. the g/l account house bank name need not be the same as the bank’s name in the bank
directory
c. the g/l account house bank name is user-definable
d. the g/l account house bank name is defined at the chart of account level
e. the g/l account house bank name is modifiable at the company code segment
of the chart of accounts
32. Your house bank number cannot be set to be defaulted from house bank key
State whether this statement is true or false
33. The G/L account for a bank is linked to
a. a house bank
b. many house banks
c. one house bank p0lus one account id
d. one house bank plus multiple account ids in the same bank
e. many house banks and many account ids
34. One bank account is mapped in SAP to
a. account id
b. house bank
c. bank key
d. G/L account
e. Country plus bank key
Answers
1. C
2. A
3. B
4. A
5. D (ACCOUNT GROUP)
6. A, C
7. A, B
8. A, C, D
9. A-F, B-F, C-F
10. A-T, B-F, C-T
11. A
12. T
13. A-F, B-T, C-T
14. T
15. T
16. D
17. A,B
18. C
19. D
20. C
21. A
22. D
23. A
24. B
25. C
26. C
27. C
28. C
29. B,C
30. C
31. A-F, B-T, C-T, D-T, E-F
32. T
33. A,C
34. A,B

1. The length of G/L account number should be mentioned in Chart of accounts.

2. The G/L account becomes a complete G/L account if we have added the company code
segment to chart of account segment.

3. If we are using the same chart of account in more than one company code the account
name and account number is the same in all company codes.

4. The appearance of the company code segment of a G/L account is based on account
group entered in the chart of account segment.

5. Creation of duplicate accounts in A/P can be prevented by using the match code before
creating the new account & switching on automatic duplication check.

6. By mentioning the base line date, cash discount periods, and cash discount percentage
rate in payment terms, system will calculate due date of the invoice and cash discount.

7. The specifications for permitted payment differences can be found in both types of
tolerance groups. They control the automatic posting of cash discount adjustments and
unauthorized deductions.

Ans: True

8. All reconciliation accounts and all general ledger accounts with open item transactions in
foreign currency must be assigned to the revenue/expense accounts for realized losses and
gains.

Ans: True

9. R/3 system contains

Ans: 1. Data base server 2. Application server 3. Presentation server only.

10. All data and programs are contained in Application server & Database server

11. SAP business object consists of attributes and methods

12. Maximum number of sessions a user can open when he logs on to SAP?

Ans: six

13. Fiscal year can be both year dependent and year independent.

14. Fiscal year which is a calendar year can have 12 normal periods.

15. Shortened fiscal year can have should have less than 12 periods.

16. Company code can have one local currency only.

17. Postings in a company code are done in G/L account of operative chart of accounts.

18. Retained earnings account is specific to chart of accounts.

19. Company can use both direct and indirect exchange rates - True

20. Business areas are used for reporting across company codes - True

21. Posting in a G/L account is controlled by field status group in the company code
segment

22. Company code can have more than one retained earnings account - TrueChart of
accounts can have more than one retained earnings account - True

23. account group controls the master record field status - True

24. Which of the following are correct with respect to your G/L account house bank name

a. the g/l account house bank name shall be the same as in the bank directory - False
b. the g/l account house bank name need not be the same as the bank’s name in the bank
directory - True
c. the g/l account house bank name is user-definable - True
d. the g/l account house bank name is defined at the chart of account level - True
e. the g/l account house bank name is modifiable at the company code segment of the
chart of accounts - False

25. Your house bank number cannot be set to be defaulted from house bank key - True

26. The G/L account for a bank is linked to one house bank plus one account id

27. One bank account is mapped in SAP to Account id & House bank
1. G/L master record is always for all company codes in the system
2. currency is a required field entry while creating G/L master
3. we cannot control the postings to the G/L by way of tax codes entry for a G/L account
4. tax codes are created and operated at country level
5. tax codes are created at company code level
6. tax codes are time dependant
7. jurisdiction codes are not used at all while creating tax codes
8. in AP and AR, account group cannot be created with external number ange

9. reconciliation account definitions are available in general data of vendor master

10. reconciliation account definitions are available in payment data of general data in
customer master
11. payment terms are company code dependent
12. it is not possible to calculate the due date on fixed dates like end of month with days
calculation
13. SAP cannot automate the payment method entry into the vendor invoice entry screen
14. all special G/L transactions are posted to G/L accounts
15. it is possible to get the report of customers created by a user in a company code
16. clearing does not create any document
17. payment cannot be made by adjusting a special G/L transaction which is posted in G/L
18. partial payment creates another entry without any link to the original entry
19. down payment creates another entry without any link to the original entry
20. residual payment creates another entry keeping all entries open
21. it is not possible to use two check series for making payment
22. it is not possible to void unused checks
23. reversal of voided checks is a standard functionality of SAP
24. it is not possible to show the checks with a value range and issued by a user
25. it is not possible to create a due date for a down payment
26. SAP does not allow bill of exchange accounting
27. payment request clears the entries in AP and AR
28. posting key is linked to field status in FI posting
29. payment to anybody by passing a G/L entry without AP/AR is a standard functionality of
SAP
30. we cannot create manual checks for payment to business partners and update in the
system
31. bank statement entry into the SAP does the automatic clearing
32. through bank statement entry, we can enter the entries like bank debits for bank charges,
commission, etc. which will make a direct posting into the G/L
33. chart of accounts view of G/L account keeps the data like general data in customer
account – common data
34. whenever an FI entry is made, we want document header text to be a mandatory entry.
Customizing is available in G/L master and field status groups
35. it is not possible to see document currency and company code currency at the same time
during document display option
36. document date, posting date, value date, base line date, system date and due date in the
entry screen of customer/vendor invoice are the same
37. it is possible to define the standard translation method of foreign currency in the posting
key
38. system allows you to enter the date interval – from and to- in case of foreign currency
translation rates
39. it is user definition whether SAP will control the open item selection
40. it is a real problem in SAP-in financial statement version we are not able to find the G/L
accounts which are not assigned
41. MIS reports based on financial books like ratios can be done through financial statement
version
42. all FI entries will be repeated in CO module also
43. physical inventory is a MM/PP module transaction and hence no accounting entry is
passed in G/L but real stock is adjusted in MM/PP
44. payment to vendor of a specific bill cannot be blocked in SAP
45. customer makes multiple checks for one invoice, and hands it over to the company which
is running with SAP with all modules. It is not possible to enter in SAP by keeping all the check
details and updating against one invoice
Answers
1. F
2. T
3. F
4. T
5. F
6. T
7. F
8. F
9. F
10. F
11. F
12. F
13. F
14. T
15. T
16. F
17. F
18. T
19. T
20. F
21. F
22. F
23. T
24. F
25. F
26. F
27. F
28. T
29. F
30. F
31. T
32. T
33. F
34. F
35. F
36. F
37. F
38. F
39. T
40. F
41. F
42. F
43. F
44. F
45. F
1. Which of these statements on document principles are correct?
a. R/3 can assign the document numbers always
b. A business event triggers only one document within R/3
c. Each business event creates an accounting document within R/3
d. R/3 will link related documents in the system

2. In the payment process, automatic options to the users are

a. select open invoices to be paid/collected, post payment document
b. post payment documents/print payment media
c. select open invoices to be paid or collected, post payment document, print payment media

3. Which of the following are true.

a. any payment block can be removed in payment proposal edit
b. only line item payment block is removed during the payment proposal
c. items that cannot be paid are detailed in the exception list

4. Which of these statements on payment program are correct

a. there are four steps in payment process, viz., parameters, proposal, program, print
b. once the parameters have been specified, the print program is scheduled to generate
payment media

5. Every run of the payment program is identified by two fields

a. run date
b. identification

6. Which of the following statements are true

a. The run date is recommended to be the actual date when the program is executed
b. The field identification is used to run print program

7. Which of the following statements are correct

a. the G/L account name for house banks must match the names given to the house bank in
the bank directory
b. the G/L account names for house banks are user definable
c. the G/L account names for house banks could be the bank name and account number
d. the G/L account names for house banks are defined in bank directory
e. at company code level, G/L account names for house banks can be different from those in
chart of account

8. Which of the following statements are true in respect to payment program configuration in
all codes area
a. sending company code and paying company code are same always
b. by specifying the vendor/customer special G/L transaction to be paid, we can
process specified special G/L transaction only
c. by activating payment method supplement, we can print and sort payments

9. Which of the statements are true in respect to configuration of payment program bank
determination area
a. without ranking order, system will not process the payment
b. bank/payment method combination is must to define ranking order
c. without maintaining the value date in bank selection, system will not process the payment

10. If we are using check management, which of the statements is true

a. define check lots in order to print checks
b. check lots are used only for automatic payments

11. True/false
a. all company codes in the payment run parameters must be in the same country
b. a payment method can only be used if it is entered in the account master record
c. the payment proposal can only be edited, deleted and recreated as often as desired
d. the exception list is a part of the payment proposal

12. When running the dunning program

a. we can edit proposal
b. we cannot delete the proposal
c. we can recreate the proposal until the dunning clerk is satisfied with the result
d. after completing the dunning proposal list, dunning data is updated in master records

13. Which of the following statements are true

a. one time accounts cannot be dunned
b. we can assign two dunning procedures to customer master records
c. dunning procedure can process only standard transactions
d. interest can be posted at the time of dunning

14. The maximum dunning level can be defined in the dunning procedure is
a. four
b. six
c. nine

15. An item whose days in arrears are smaller or identical to the grace periods, dunning
program will consider for the dunning notice.
TRUE/FALSE

16. Which of the following statements are false

a. we cannot specify per dunning level that interest is to be calculated
b. we cannot print a dunning notice in a legal dunning procedure, although no further account
movements have occurred
c. we can set a minimum amount for the dunning charges on each dunning level

17. What information does a dunning run change?

a. the date of the last dunning run in the customer master record
b. the dunning level in the customer master record
c. the dunning level in documents for which dunning notices are created
d. from (layout set) specifications in the customer master record for the text in the next
dunning letter
e. the dunning procedure in the customer master record for the next dunning run

18. Which of these statements are true

a. we can calculate interest on G/L accounts under interest on arrears method
b. each interest id must be assigned on interest calculation type

19. Two steps to define financial statement versions are

a. enter it in the directory of financial statement version
b. define hierarchy levels and assign accounts

20. Which of the following statements are true

a. a financial statement version consist of maximum 9 hierarchy levels
b. we cannot assign account group according to balance
c. drill down report is a tool that enables to analyze sub ledger transaction figures only

21. Individual value adjustment for doubtful receivables are possible

a. through special G/L transactions
b. through normal transactions
c. both of the above

22. Foreign currency valuation is possible

a. only vendor/customer open items
b. only balance sheet items
c. both of the above

23. Which of the statements are true

a. when we are valuating open items without update for reversal of the adjustment posting
after key date, user can define another posting date in place of key date +1
b. when we have regrouped the receivables/vendors, system carries out adjustment postings
c. allocating costs to financial accounting through external settlement, the G/L is updated
online/realtime

24. Depreciation posting can be executed

a. through batch input session
b. direct FI postings
c. any one of the above

25. To set up the financial statement version in your company, maximum limit is 9.
TRUE/FALSE
Answers
1. A-T, B-F, C-F, D-T
2. A-T, B-T, C-T
3. A-T, B-T, C-T
4. A-T, B-F
5. A-T, B-T
6. A-T, B-F
7. A-F, B-T, C-T, D-F, E-F
8. A-F, B-T, C-T
9. A-F, B-T, C-F
10. A-T, B-F
11. A-T, B-F, C-T, D-T
12. A-T, B-F, C-T, D-F
13. A-F, B-F, C-F, D-F
14. A-F, B-F, C-T
15. FALSE
16. A-F, B-F, C-T
17. A-T, B-T, C-T, D-F, E-F
18. A-F, B-T
19. A-T, B-T
20. A-F, B-T, C-F
21. A-T, B-F, C-F
22. A-T, B-T, C-T
23. A-T, B-T, C-T
24. A-T, B-T, C-T
25. FALSE