SAP Certified Associate - SAP Business One (C-TB120-2504) Free Practice Test

Question 1

The accountant wants to see a breakdown of customers' balances by country in the financial reports. How can this be set up and which report should be used?

A. Set up an accounts receivable control account for each country, and use the balance sheet report.

B. Set up a customer group for each country, and use the profit and loss report to display the breakdown by country.

C. Set up an accounts receivable control account for each country and use the profit and loss report.

D. Set up a customer group for each country, and use the balance sheet report to display the breakdown by country.

Correct Answer: A

Question 2

What payment means can be used for outgoing payments in the Payment Wizard? Note: There are 2 correct answers to this question.

A. Credit card

B. Cash

C. Checks

D. Bank transfer

Correct Answer: C,D

Question 3

A company manufactures electronic parts. They want to begin individually tracking the items at the point when they leave the warehouse and the point that they are delivered to a customer.
What settings are required on the item master record? Note: There are 2 correct answers to this question.

A. Management Method: On Release Only

B. Management Method: On Every Transaction

C. Manage Item by: Batches

D. Manage Item by: Serial Numbers

Correct Answer: B,D

Question 4

A user was assigned data ownership authorizations as shown in the attached screenshot.
What will this user be able to do? Note: There are 2 correct answers to this question.

A. View invoices owned by employees who report directly to this user.

B. View and update invoices owned by employees who report directly to this user.

C. View invoices owned by this user's manager.

D. View and update invoices owned by this user's manager.

Correct Answer: B,C

Question 5

In a perpetual inventory system, what is the effect of posting an A/P Invoice that is copied from a Goods Receipt PO (GRPO)? Note: T here are 2 correct answers to this question.

A. Stock value increases.

B. Journal entry reduces cash account.

C. Vendor's balance increases.

D. Allocation account from GRRPO clears.

Correct Answer: C,D

Question 6

In routed production order stages, which stage element can be affected by the routing date calculation field value?

A. Status

B. Start date

C. Run time

D. Waiting days

Correct Answer: B

Question 7

A company uses perpetual inventory and produces items in-house that are controlled by the standard cost valuation method. The standard cost value is set to 20. During the past month, the actual cost to produce this item increased to 25 due to labor costs.
What is the effect on accounting and inventory each time this item is produced? Note: There are 2 correct answers to this question.

A. A cost of 20 is posted to thee stock account.

B. The cost of goods sold for the item will be set at 25.

C. The cost difference 5 is posted to a variance account.

D. The cost of 25 is posted to the stock account.

Correct Answer: B,C

Question 8

Which document triggers the reduction of an asset master data's Net Book Value to zero?

A. Goods issue

B. A/R invoice

C. A/P invoice

D. Inventory Revaluation

Correct Answer: D

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SAP Certified Associate - SAP Business One (C-TB120-2504) Free Practice Test