Knowledge quiz
It’s time to put what you’ve learned to the test, get 8 questions right to pass this unit.
Q1.
Cost of sales accounting classifies costs according to the area of operations that incurred the revenue or expense.
Choose the correct answer.
A
True
B
False
Q2.
Cost of sales accounting uses which dimension for reporting?
Choose the correct answer.
A
Profit center
B
Functional area
C
Cost center
D
WBS element
Q3.
Segment reporting can be completed using which of the following dimensions?
There are three correct answers.
A
Customer-defined
B
Cost Center
C
Segments
D
Profit Center
E
General Ledger Accounts
Q4.
Journal entries without a ledger group designation are posted to?
Choose the correct answer.
A
All standard ledgers
B
All extension ledgers
C
Only the leading ledger
D
Only the non-leading ledgers
Q5.
Financial statements can be produced only for the leading ledger.
Choose the correct answer.
A
True
B
False
Q6.
The functional area is usually derived from master data of the cost object (cost center, work breakdown structure (WBS))?
Choose the correct answer.
A
True
B
False
Q7.
Segment reporting can be used for both external and internal reporting.
Choose the correct answer.
A
True
B
False
Q8.
Ledger groups are assigned to an accounting principle
Choose the correct answer.
A
True
B
False
Q9.
The Entry View of a journal entry is how the document is posted to the general ledger.
Choose the correct answer.
A
True
B
False
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