Question 1

There are three parts to this bin location code: M02-A14-S02

What does each part represent?

APart 1: Warehouse sublevel 1
Part 2: Warehouse sublevel 2
Part 3: Shelf location

BPart 1: Warehouse sublevel 1
Part 2: Warehouse sublevel 2
Part 3: Warehouse sublevel 3

CPart 1: Warehouse code
Part 2: Warehouse sublevel 1
Part 3: Warehouse sublevel 2

DPart 1: Warehouse code
Part 2: Aisle location
Part 3: Attribute of the bin location

Answer : B

Question 2

An accountant needs to record a household payment on a monthly basis. Every month, the payment amount as wen as the petty cash and the expense accounts are the same In the journal entry. What is the best practice to achieve this?

AUse recurring invokes

BUse recurring postings

CUse posting templates

DUse journal vouchers

Answer : B

Question 3

You are browsing documents and encounter a document with the status Draft for Document Update [Pending].

What does this mean in the context of an approval process?

ADocument was approved but has not yet been saved by the originator

BA document with status Draft for Document Update was approved and can now be added by the originator

CDocument in approval process was canceled by the originator and now cannot be added or updated

DOriginator has made a change to a document and document now meets criteria for an approval

Answer : D

Question 4

Which marketing document is required in the purchasing process?

AOutgoing Payment

BPurchase Order

CA/P Invoice

DGoods Receipt PO

Answer : C

Question 5

While reviewing open transactions in a vendor account balance, the accountant notices an outgoing payment the company paid in advance and two A/P invoices that relate to this payment.

Which action should be taken in order to connect the two invoices with the payment?

AExternal reconciliation for the bank account

BInternal reconciliation for the bank account

CInternal reconciliation for the vendor master data record

DExternal reconciliation for the vendor master data record