An asset class consists of two main sections: (Choose Two)
A. A master data section with control data and default values for the administrative data in the asset master record
B. A depreciation section with control parameters and default values for depreciation terms for each depreciation area
C. None of the above
D. All of the above
Which of the following statement(s) about one time account are correct
A. One time account group must use different number range
B. Must use account group defined for one time vendor.
What controls the number assignment assigned to a financial document in R/3 (single)
A. The field status group
B. The number range assigned to the Posting key
C. The number range assigned to the document type
D. The number range assigned to the account group.
Which of the following statements are correct regarding Internal Orders?
A. Additional order status categories can be created in the order master.
B. Once an order has been released, only closing entries can be made.
C. Transactions can be allowed or disallowed depending in the order status
Which of the Following statements about automatic payment are correct? (Choose Three)
A. Direct debiting or bank collection can be used in automatic payment procedures to clear customer invoices
B. In automatic payment procedures, all incoming invoices as of the second dunning level are paid automatically
C. Special G/L transactions(down payment)can be posted using the payment program
D. The payment program can pay vendor invoices using wire transfers and checks
E. Open items posted to G/L accounts can be cleared using the payment program
Which of the following statement(s) are correct?
A. The main purpose of a payment advice note is that it can be used to automatically search for and then compare open items as part of the clearing process, thus eliminating the need to make individual selection entries.
B. Posting keys are used to define the screen layout for document entry and take priority over other field status groups.
C. Two of the currencies available in the Fl system are the transaction currency and the company code currency, these are defined at country level within configuration.
D. Validations and substitutions can be carried out in Fl but not in the Special Purpose Ledger
The asset class definitions apply to all company codes in a client
A. True
B. False
Which of the following statements is true? (Single)
A. A business area and a company code are assigned to each other in the corporate structure IMG
B. A controlling area and a company code must have the same local currency.
C. A plant must be allocated to a company code
D. A Company code can belong to more than one controlling area.
You can use cross company code dunning notice to combine overdue items from different company codes in dunning run
A. false
B. true
Dunning run configuration. (Choose Three)
A. For one time account special configuration needs to be maintained in dunning procedure.
B. Dunning programs not used for one time account.
C. Dunning procedure control how dunning is carried out.
D. Dunning procedure is configured at client level.
E. Dunning procedure can process standard and or special GL transaction.
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