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C_TB120_2504 Practice Exam Questions and Answers

SAP Certified Associate - SAP Business One

Last Update 4 days ago
Total Questions : 81

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Question # 1

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.

Options:

A.  

The cost difference 5 is posted to a variance account.

B.  

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

C.  

The cost of 25 is posted to the stock account.

D.  

A cost of 20 is posted to the stock account.

Discussion 0
Question # 2

What does the system create automatically when you add a new cost center?

Options:

A.  

Sort Code

B.  

Dimension

C.  

Distribution rule

D.  

G/L account

Discussion 0
Question # 3

What is a requirement for a profit and loss account?

Options:

A.  

The balance has to be carried forward from one fiscal year to the next fiscal year.

B.  

It must be set as a cash account.

C.  

The balance has to be cleared at the end of each fiscal year.

D.  

It must be located in the first three drawers of the chart of accounts.

Discussion 0
Question # 4

A user creates an incoming payment for a customer and selects two invoices to be paid. When the user tries to post the payment the system message that is shown in the attached screenshot appears.

What are possible reasons for this system message? Note: There are 2 correct answers to this question.

Question # 4

Options:

A.  

The user did NOT choose a payment means

B.  

The amount in the Payment Means window does NOT match the total amount of invoices

C.  

The customer uses a foreign currency and the exchange rate is NOT set up

D.  

The invoices ate NOT due yet

Discussion 0
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: There are 2 correct answers to this question.

Options:

A.  

Journal entry reduces cash account

B.  

Stock value increases.

C.  

Allocation account from GRPO clears

D.  

Vendor's balance increases

Discussion 0
Question # 6

You manage serial numbers for Tablet items in your warehouse. When you look at the Serial Number Transaction report, you notice that no serial numbers exist for the transactions of a Goods Receipt PO (GRPO).

What could be the reason for the missing serial numbers for the GRPO transactions?

Options:

A.  

The serial numbers were already defined in the Purchase Order base document.

B.  

The serial number expiration date has passed.

C.  

After the GRPO was added the Manage Item By definition was set to None.

D.  

The serial number management method of the item is set to On Release Only.

Discussion 0
Question # 7

What condition must be fulfilled before the system recommends issuing a level 2 dunning letter?

Options:

A.  

A level 1 letter has already been issued.

B.  

The dunning level of a customer is 2 or higher.

C.  

Interest should be defined in the dunning terms.

D.  

The open debt exceeds the customer's credit limit.

Discussion 0
Question # 8

What tools are available to personalize documents by hiding or showing standard fields? Note: There are 2 correct answers to this question.

Options:

A.  

User-defined values

B.  

Edit Form Ul

C.  

Form Settings

D.  

Document Settings

Discussion 0
Question # 9

Which two fields are examples of dimensions used in semantic layer views? Note: There are 2 correct answers to this question.

Options:

A.  

Posting dale

B.  

Item code

C.  

Item quantity

D.  

Document total

Discussion 0
Question # 10

In the header of the item master data record for Item A2222. only the Purchasing Item checkbox is selected. The item category checkboxes for Inventory Item and for Sales Item are unchecked.

Why would items have these settings?

Options:

A.  

They are used in the drop ship process

B.  

They are components in an assembly bill of materials

C.  

They are office supplies

D.  

They are used as consignment items

Discussion 0
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