The reconciliation account: One or more is correct. A. Can be defined for customer, vendor and asset account types. B. itself is not designed for direct posting C. Is defined on the client portion of the company code. D. Ensures…
Which payment terms are defaulted when posting an invoice depends on where the Invoice is created: One or more is correct. A. If the invoice is created in Fl the payment terms from the company code segment are defaulted B.…
If a closed year is subsequently released for posting, it can only be closed again once the year- end closing program has been re-run. A. false B. true
How many levels the GL account master record have and what are they? A. 1 Levels GL master record. B. 3 Levels client, chart of account C. 2 Levels company code and chart of account level. D. 2 Levels company…
What is it validation? One or more is correct A. Allows you to define your own account number. B. Allows you to define your own account document. C. Allows you to define your own conditions for substituting specific fields. D.…
All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the G/L account for realized losses and gains. Which of the following options exist for this assignment One or more is correct.…
Usage of financial statement version is optional for group chart of account A. false B. true
What is the highest organizational unit which usually perform dunning? A. Chart of account B. Client C. Business Area. D. Company Code.
Tax calculation by system are usually posted via separate line item to a special tax account in standard scenario A. true B. false
(FI-AM| Different company codes can be linked to one chart of depreciation A. false B. true