Among the questions have multiple solutions. The solutions are on the finish of the query Your opinions and strategies or inquires about SAP Enterprise One are welcomed.

1.There are three varieties of steadiness sheets accounts, which isn’t among the many steadiness sheets a/c
a. Belongings a/c b. Legal responsibility a/c c. Income a/c d. Fairness a/c

2. On the finish of the fiscal yr, the balances of asset a/c can be displayed on the energetic aspect, whereas legal responsibility can be on the passive aspect of the steadiness sheet….True or False

three. There are 2 varieties of revenue assertion a/c, they’re
a. Income and capital a/c b. contingency and capital a/c c. belongings and legal responsibility a/c d. Income and expense a/c

Four. On the finish of fiscal yr balances of the income a/c can be subtracted from the balances of the expense account to get the revenue or loss .…True or False

5. Within the Chart of accounts (COA), which stage encompass a number of a/c teams for accounts of various varieties a. Stage 1 b. Stage 2 d. Stage 5 e. the entire above

6. What number of ranges are there within the chart of accounts a. 7 b. 5 c. Four d. three

7. Stage 2-Four encompass energetic or titles accounts…True or False

eight. Which stage incorporates energetic accounts solely a. Stage 1 b. Stage 2 d. Stage 5 e. the entire above

9. The system shows the group cupboards a/c, i.e. Stage 1 in a. black with gray background b. blue c. black with blue background d. blue with black background

10. The system shows stage 2-Four in a. black with gray background b. blue c. black with blue background d. blue with black background

11. The system shows stage 5 in a. black b. blue c. inexperienced d. gray

12. Accounts that you’ve entered in G/L a/c dedication (main a/c) are displayed in a. black with gray background b. blue c. inexperienced d. gray

13. If you happen to want to create your personal chart of account as an alternative of utilizing the system you choose Consumer Outlined within the Primary Initialization tab ….True or False

14. A management a/c hyperlinks enterprise accomplice to the final ledger…True or False

15. The system shows the entire account steadiness in enterprise accomplice document. The road merchandise shows a. debit steadiness in pink and credit score in black with parentheses b. debit steadiness in black and credit score in inexperienced with parentheses c. debit steadiness in blue and credit score in inexperienced with parentheses d. debit steadiness in black and credit score in inexperienced with parentheses

ANSWERS

1. C 1. REVENUE A/C 2. TRUE three. D Four. TRUE 5. A, LEVEL 1 6. B, 5 LEVELS 7. TRUE eight. D, LEVEL 5 9. C, BLACK WITH BLUE 10. B, BLUE 11. A, BLACK 12. C, GREEN 13. TRUE 14. TRUE 15. B

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