Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

The debit and credit values of the posting template are entered as percentage

Choose the correct answer.

True

False

How does SAP Business One determine which sub-period a transaction belongs to?

Choose the correct answer.

By the transaction type

From the transaction posting date

According to the sub-period type

From the transaction document type

You try to cancel an existing journal entry but the cancellation option is not available. What could be the reason?

There are two correct answers.

The journal entry was already canceled.

The journal entry was created automatically from a marketing document.

The journal entry was created from a journal voucher.

The posting date of the journal entry is in the past.

A journal voucher has to be balanced.

Choose the correct answer.

True

False

An accountant would like to save a draft when entering a large journal entry, in order to avoid data loss. What do you recommend?

Choose the correct answer.

In the journal entry, choose the option to save as draft.

Create a journal voucher.

Use a posting template.

How can you choose a business partner in a manual journal entry row?

There are two correct answers.

Press CTRL+TAB

Press TAB

Choose the list of business partners option from the context menu

Press ENTER

You added an Incoming Payment for partial payment of an A/R invoice. How does this affect reconciliation?

Choose the correct answer.

The customer debt is not reconciled yet. Reconciliation occurs only when the customer pays in full.

The customer debt is reconciled partially for the amount paid.

No reconciliation occurs because a partial payment can only be reconciled manually.

For each period, you have to define new values in the G/L Account Determination window.

Choose the correct answer.

True

False

Once you reverse a reconciliation, all the related postings are reversed as well.

Choose the correct answer.

True

False

10.

The recurring postings function is designed for fixed amount journal entries created on a regular basis.

Choose the correct answer.

True

False