Improvement PDF

1.You have ordered 100 units of a material with a tolerance limit of 5% variances on either side.You have received 97 units of the material and you have activated the "delivery completed" indicator. 7 Units were rejected and returned back to the vendor. How does the system behave?(Select any 2...

1.You have ordered 100 units of a material with a tolerance limit of 5% variances on either side.You have received 97 units of the material and you have activated the "delivery completed" indicator. 7 Units were rejected and returned back to the vendor. How does the system behave?(Select any 2 options) a) The system cancels the delivery completed indicator. b) The system does not cancel the 'delivery completed' indicator. c) The system permits you to reset the delivery completed indicator d) The system will automatically change the delivery completed indicator again if you receive the replacement for the 7 units rejected. Ans- A and C 2.What entries does the system pass at invoice verification if non- valuated goods receipt is defined for a purchase order with account assignment?(Select any 2 options) a)Stock account debited b)Consumption account debited c)Vendor account credited d)GR/IR account debited Ans- B and C 3.State True or False:When an Invoice is Parked, System post an account entry in the books of accounts. Ans- False 4.What are the prerequisites to handle materials in batches? a)Activation of batch management in the material master and creation of stock handled in batches. b)Creation of batch master and of stock handled in batches. c)Activation of batch management flag in the material master and definition of the batch master. d) Creation of batch relevant stock. Ans-c 5.Fill in the blank:Incoterms are stored in vendor master at which level Ans- Purchasing Organization Level 6.When will you select Subsequent Debit in Invoice Document?(Select any 2 options) A Additional Cost to Vendor B) Further Cost C) Excess Payment D) Goods Returns Ans- A and C 7.What are the features of Purchase-order-Based Invoice Verification? (Select any 3 options) A) All items in Purchase order are presented. B) Invoice is matched using delivery note number. C)The invoice quantity should not be greater than the actual delivered quantity. D)Suggested quantity is the difference between total delivered quantity and total invoice quantity. Ans- A B and D 8.Where do you enter the delivery note number during invoice verification entry? A) Transaction area B) Header area C) Allocation area D) Vendor Data area Ans- C 9.From where does the system pick the default quantity of an item when you post invoice receipt? A)Invoice B) Purchase order C) Purchase order history D) System settings Ans-C 10.When you post a subsequent credit, the following are possible: (Select any 3 options) A) Quantity in invoice remains same. B) Value invoiced is reduced, C) PO history Updated. D) Material document updated. Ans- A B and C 11.Can you inform the vendor the cause of invoice reduction in the letter of complaint while performing Total-Based Invoice reduction? Ans- YES 12.Fill in the blank:Vendors current prices are stored in___ Ans- Info record 13.In Invoice Plan which Indicator should not tick in PO A GR Based IV B) Good Receipts C) GR Non Valuated D) NOne of the above Ans- B 14.Valuation level can be at: a- Inventory management b- Plant level c- COmp code and Plant level d- Purchasing level Ans.C 15. Tax value in which level Item or header Ans :Item 16.In order to create a purchase order item for a non-valuated material. Ans- Account assignment category 17.Fill in the blank:Info record can be stored at______ Ans- Plant + Purchase organization level 18.When posting an invoice for Foreign Vendor in foreign currency, the invoice document? Ans- Fixed Exchange Rate in PO 19.Can two plants have a common storage location? Ans- NO 20.Which of the following influence the field selection for the material master? a) Plant b) Industry Sector c) Material Type d) Account Group Ans C 21.Fill in the blank:Field selection in vendor key controlled by Account group 22.Source list can contain:(Select any 2 options) a) Plant b) Vendor c) Block Source d) Preferred/Fix Source ANs- C and D 23. How many company code can be assigned to a plant ___ Ans: only one 24.What will happen when you do release of material from the GR blocked stock?(Select any 2 options) a) Material document is created. b)Financial accounting document is not created. c) Purchase order history is not updated. d) Purchase order is updated. Ans- A and D 25.In MIGO "Goods Issue" can be done against (Select any 2 options) a- Planned Order b- Order c- Sales Order d- Reservation ANs- B and D 26.When you perform material receipt through movement type 101: (Select any 3 options) A)lt updates the purchase order history. B)You can post in Quality inspection stock and withdraw for consumption. C)You can post in Quality inspection stockÄ and cannot withdraw for consumption D)You can decide the stock typeto which the material is posted. Ans-A C and D