It’s time to put what you’ve learned to the test, get 7 questions right to pass this unit.
Q1.
Each business partner must be assigned to a grouping when you create the business partner.
Choose the correct answer.
A
True
B
False
Q2.
When posting an incoming payment from a customer, the payment document is posted on the customer account and the assigned reconciliation account is updated automatically, too.
Choose the correct answer.
A
True
B
False
Q3.
Activity types are allocated using a secondary cost element, which is stored in the activity type master record.
Choose the correct answer.
A
True
B
False
Q4.
Before you create an asset master record, you must specify an asset class. What does the asset class provide for the asset?
There are two correct answers.
A
Default cost assignment objects
B
Control parameters
C
Allowed posting transactions
D
Account determination (key)
Q5.
Which of the following statements are true for a chart of accounts?
There are two correct answers.
A
A chart of accounts is assigned to the company code.
B
Each general ledger is set up according to a chart of accounts.
C
A chart of accounts cannot be used by multiple company codes.
Q6.
Which of the following component classifies the costs and revenues posted to Management Accounting?
Choose the correct answer.
A
Cost Element Accounting
B
Product Cost Controlling
C
Profit Center Accounting
D
Overhead Cost Controlling
Q7.
Postings made in Accounts Payable, Accounts Receivable and Asset Accounting are simultaneously recorded in the General Ledger.
Choose the correct answer.
A
True
B
False
Q8.
Which G/L account types are relevant for Management Accounting?