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1. Which activities can you perform with a recurring journal entry? There are 2 correct answers to this question.
A) Create monthly postings on any date of a month.
B) Obtain an overview of related future postings.
C) Determine the number of postings.
D) Set rules to distribute amounts to be posted.
2. Which of the following standard correspondence types can you use to exchange information with customers and suppliers? There are 2 correct answers to this question.
A) Invoices
B) Bill of exchange charges statements
C) Payment notices
D) Dunning letters
3. How does the system behave when an invoice is processed as a residual payment? Please choose the correct answer.
A) The payment difference is written off.
B) All documents remain in the account as open items.
C) The original document and payment are cleared.
D) The payment difference is posted to a different account
4. Identify the three types of tolerances in accounting. There are 3 correct answers to this question.
A) G/L account tolerance groups
B) Special account tolerance groups
C) Customer/vendor tolerance groups
D) Employee tolerance groups
5. Which of the following parameters can be changed on a timedependent basis? There are 3 correct answers to this question.
A) Useful life (year or period)
B) Depreciation key
C) Variable depreciation portion
D) Depreciation start date
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: C,D | Question # 3 Answer: C | Question # 4 Answer: A,C,D | Question # 5 Answer: A,B,C |
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