SAP FICO Online Quiz



Following quiz provides Multiple Choice Questions (MCQs) related to SAP FICO. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.

Questions and Answers

Answer : B

Explanation

This includes the detail of amount that is paid by customer and the amount that is paid by company to the vendors. In other words AP includes all the vendor transactions and AR includes all the customer transactions.

Q 2 - Which of the following is used to differentiate transactions that comes from different line of business in a company?

A - Business Area

B - Credit Control

C - Functional Area

D - General Ledger

Answer : A

Q 4 - What is the account type for a Vendor account in FI?

A - A

B - D

C - K

D - M

E - S

Answer : C

Explanation

A = Assets

D = Customers

K = Vendors

M = Materials

S = General Ledger Account

Q 5 - What is the document type key to show a customer payment business transaction?

A - AA

B - AN

C - DZ

D - KA

E - DR

Answer : C

Explanation

Common Document types Key are −

Document Type Document Type Description
AA Asset Posting
AN Net Asset Posting
DR Customer Invoice
DZ Customer Payment
KA Vendor Document
KG Vendor Credit Memo

Q 6 - In SAP FI, it is possible to block a customer account in AR so that postings are no longer made to that account. You have to block a customer account after marking a customer master record for deletion?

A - True

B - False

Answer : B

Explanation

You have to block a customer account before marking a customer master record for deletion.

Q 7 - In SAP FI, Credit control is used to specify and control the customer credit limits. It is not possible to divide a company code into several credit control areas?

A - True

B - False

Answer : A

Explanation

In SAP FI, Credit control is used to specify and control the customer credit limits. A credit control area can include one or more company codes. It is not possible to divide a company code into several credit control areas.

Q 8 - To release a task, which of the following transaction codes can be used?

A - SE05

B - SE07

C - SE09

D - SE04

Answer : C

Answer : D

Explanation

The dunning system covers below documents −

  • Open A/R invoices, including invoices that are partially credited or partially paid
  • Invoices that include installments
  • A/R credit memos
  • Incoming payments that are not based on invoices

Q 10 - In Asset explorer, which of the following component is used to navigate between different depreciation areas?

A - Header

B - Overview tree

C - Tab

D - All of the above

Answer : B

Explanation

Header − in which you enter the company code and asset number.

Overview tree − with which you can navigate between different depreciation areas. Overview tree that displays objects related to the asset

Tab − in which you analyze plan values and posted values using different parameters, and compare fiscal years and depreciation areas

sap_fico_questions_answers.htm
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