SAP FI Certification Questions with correct answers

Which statement supports the term "open item management" A. Items in accounts with open item management can only be indicated as open and not cleared B. Accounts with open item management must have line item display activated C. Once open item management has been activated it cannot be cancelled D. Open item management should be activated for bank accounts CORRECT ANSWER Which statement supports the term "open item management" B. Accounts with open item management must have line item display activated Which of the following statements support the definition of account group A. Determines in which number range the GL accounts number must reside B. Number intervals for GL accounts master record must be the same as used for accounts receivable and accounts payable C. When creating a new GL account, the account group is an optional entry D. The account group controls the appearance of the Chart of Accounts segment and Company code segment of a GL account CORRECT ANSWER Which of the following statements support the definition of account group A. Determines in which number range the GL accounts number must reside What is the maximum number of line items FI document can have A. Two B. 999 C. 1 D. 100 CORRECT ANSWER What is the maximum number of line items FI document can have B. 999 A period of a document is defaulted from A. Document Date B. Document entry