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1. In the item master, which choices are available for setting default G/L accounts?
A) By item group
B) By item properties
C) By warehouse
D) By item level
E) By costing method
2. Kathryn from Roses and Sunflowers gift shop creates a purchase order for an item, which is out of stock. The current stock level for the item is zero. There are no open purchase orders or sales orders for this item. After she has selected the item in the purchase order, she notices that there is a 4 in the 'Quantity' field. Why?
A) The value in the 'Items per Purchase Unit' field on the 'Purchasing Data' tab is 4.
B) The value in the 'Required (Purchasing UoM) Inventory Level' field is 4.
C) The value in the 'Factor 2' field on the 'Purchasing Data' tab is 4.
D) The value in the 'Quantity Per Packaging Unit' field on the 'Purchasing Data' tab is 4.
3. One of the items has a definition of 10 in the 'Factor 2' field on the 'Purchasing Data' tab page in the item master. When I enter a purchase order and select this item, the system automatically proposes 10 in the 'Quantity' field. The problem is that if I change the value in the 'Quantity' field, the system does not multiply the value I type by 10, but leaves it unchanged. What can I do to ensure that the system automatically multiplies the value I enter by 10?
A) To change the quantity in the purchase order, while maintaining the automatic calculation, double-click the row number of an item to display all the fields of the row in a separate window. In the 'Factor 1' field, enter the relevant quantity. The system now multiplies the value from factor 1 by the value 10 from the item master.
B) Open the item master and enter the relevant quantity in the 'Factor 2' field on the 'Purchasing Data' tab page. Open the purchase order and select the item. The system now automatically displays the value that you entered in the 'Factor 2' field.
C) It is not possible to change the quantity of an item with a definition of factors. When you change the quantity in documents containing such items, the system then ignores both the factors defined in the item master record and the factors related only to the value the user enters.
D) For the purchase order, mark the 'Factor 1' field in Form Settings as visible. The 'Factor 1' field is now displayed in the 'Purchase Order' window. Type the required quantity for this item in this field. The system now multiplies the value from 'Factor 1' by the value 10 from the item master.
E) In the purchase order, show the 'Factor 2' field and flag the active box. The 'Factor 2' field is now displayed in the 'Purchase Order' window. Type the required quantity for this item in this field. The required quantity is now multiplied by the value 10 from the 'Factor 2' field from the item master.
4. The accountant needs to post to a period that is locked. The posting was inadvertently forgotten and must be assigned to the locked period. How should the accountant proceed?
A) If the accountant has the correct authorization, he/she can post to locked periods.
B) The accountant must unlock the period, carry out the posting, then lock the period again.
C) The accountant must ask the owner of the company to unlock the period. Only the super user can unlock a closed period.
D) The accountant must set the period to active, carry out the posting, then lock the period again.
5. The company's accountant regularly posts similar transactions, such as rent and salary. What is the most efficient way to post?
A) Use the Repeat checkbox in the Journal Entry window.
B) Use the Journal Vouchers function.
C) Use the Payment Wizard.
D) Use the Recurring Postings function.
E) Use the Recurring Billing function.
Solutions:
| Question # 1 Answer: A,B,C,D,E | Question # 2 Answer: A,B,C,D | Question # 3 Answer: A,B,C,D,E | Question # 4 Answer: B | Question # 5 Answer: D |
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