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Sample SAP MM Answers for Certification (Set.1) 1. What are the ways in which invoice postings are possible? a. Manual posting b. Automatically through electronic transfer c.
Evaluated receipt settlement
d. Invoicing plan e. Consignment settlement
2. From where can the terms of payment be an input for invoice verification? a. User entry b. Purchase order c.
Purchase order history
d. Vendor master e. Material master
3. Which of the following does the system copy from the purchase order during invoice verification entry? a. Purchase order number b. Tax amount c.
Currency
d. Vendor e. Bank information
4. What is the process of invoice verification? a. Purchase order, service or GR referenced for incoming invoice. b. Invoice items suggested by the system against referenced document c.
Corresponding automatic account postings carried out.
d. Payment proposal list for vendor generated.
5. What happens when an invoice is posted? a. Material master always updated. b. Purchase order history updated c.
Individual line items posted to appropriate accounts
d. MM invoice document created if necessary. e. FI document always created.
6. What purpose does invoice verification serve in materials management? management? ori ginate in materials procurement to be p rocessed. a. It allows invoice that do not originate
b. Completes the materials procurement process c.
Handles the payment
d. Allows credit memos to be processed e. Handles the analyses of invoices.
7. There is a stock of 60 pc of a material having a standard price of Rs.9. A purchase order has been raised on the vendor for 40 pieces at Rs. 11 per pc. The material was received and invoice verified. What would the accounting entries show for this movement after IV? a. Stock account Rs. 360+, vendor account Rs. 360 b. Stock account Rs. 440+, vendor account Rs. 440 c.
Stock account Rs. 440+, vendor account Rs. 360 -
d. Stock account Rs. 360+, vendor account Rs. 440 e. Stock account Rs. 0, vendor account Rs. 80-
8. What happens to accounting entries when an invoice is posted? a. GR/IR account debited, vendor account credited b. GR/IR account credited, vendor account debited
9. From where does the system pick the default quantity of an item when you post invoice receipt? a. Invoice b. Purchase order c.
Purchase order history
d. System settings e. Vendor master
10. During invoice verification the system picks the rate at which tax is calculated from the vendor master record. a. True b. False
11. What are the tasks of invoice verification? a. Entering invoices and credit memos received. b. Checking the accuracy of invoices c.
Executing the account posting resulting from invoice
d. Updating open items and material prices e. Checking invoices that were blocked.
12. An invoice can refer to various objects.
a. True b. False
Sample SAP MM Questions for Certification (Set.2) 1. In which kind of posting method in IV is the cash discount amount not credited to the stock or cost account? a. Gross Posting b. Net posting
2. What controls the posting of invoice as gross or net? a. Item category b. Document type
3. How can postings be done in invoice verification for a purchase order in foreign currency? a. Fixed exchange rate at GR and IV. b. Current exchange rate at GR and IV c.
Current exchange rate cannot be changed at IV.
d. Exchange rate differences can occur e. Exchange rate difference postings are Customization based.
4. How is the quantity that has already been invoiced valuated at goods receipt if the invoice is posted before goods receipt and the subsequent GR quantity is greater than the invoice quantity? a. At purchase order price b. At invoice price
5. During the check of invoices with which of the following variances does the system perform Date variance? a. Quantity Variance b. Price variance c.
Purchase order price quantity variance
6. There is a purchase order for 100 pieces at Rs. 0.80. The 100 pieces are received. An invoice is received for 100 pieces at Rs 0.75 per piece. However at the time of receipt of invoice the stock of the material is only 30.What are the effects of the above at invoice verification?
a. Stock account is 5b. Stock account is 1.5c.
Stock account is 3.5-
d. Price difference account is 3.5e. Price difference account is 1.5-
7. Under what situation does the system compares the ratio of PO quantity(in PO price units) / PO quantity (in PO units), invoice quantity (in PO price units / invoice quantity (in PO units)? a. Goods receipt before invoice receipt b. Invoice receipt before goods receipt.
8. The initial Stock of a material is 200 pieces. There is a purchase order for 100 pieces at Rs. 0.75. The 100 pieces are received. An invoice is received for 100 pieces at Rs 0.80 per piece. What are the effects of the above at invoice verification? a. If the material is valuated at a standard price of Rs 1, the stock account will be
5+. b. If the material is valuated at a moving average price of Rs 1, the stock account
will be 5+. c.
If the material is valuated at a moving average price of Rs 1, the material master
record reflects the moving average price at Rs 0.92. d. If the material is valuated at a standard price of Rs 1, the price difference
expense account will be 5+. e. If the material is valuated at a standard price of Rs 1, the stock price difference
income account will be 5+.
9. The greater the invoice value, the lower the tolerated quantity variance. a. True b. False
10. How is the quantity valuated at IV for the materials received if the invoice quantity is greater than the GR quantity? a. At purchase order price b. At invoice price
11. What happens if an invoice item exceeds the set tolerance limit for amount check? a. The item is blocked for payment
b. The entire invoice is blocked for payment c.
The item is given blocking reason
12. Based on what does the system check the value for a schedule variance? a. Purchase Order Price b. Invoice Price c.
Invoice value
d. Quantity variance e. Days variance
Sample SAP MM Questions for Certification (Set.2) Answers 1. In which kind of posting method in IV is the cash discount amount not credited to the stock or cost account? a. Gross Posting b. Net posting
2. What controls the posting of invoice as gross or net? a. Item category b. Document type
3. How can postings be done in invoice verification for a purchase order in foreign currency? a. Fixed exchange rate at GR and IV. b. Current exchange rate at GR and IV c.
Current exchange rate cannot be changed at IV.
d. Exchange rate differences can occur e. Exchange rate difference postings are Customization based.
4. How is the quantity that has already been invoiced valuated at goods receipt if the invoice is posted before goods receipt and the subsequent GR quantity is greater than the invoice quantity? a. At purchase order price b. At invoice price
5. During the check of invoices with which of the following variances does the system perform Date variance? a. Quantity Variance b. Price variance c.
Purchase order price quantity variance
6. There is a purchase order for 100 pieces at Rs. 0.80. The 100 pieces are received. An invoice is received for 100 pieces at Rs 0.75 per piece. However at the time of receipt of invoice the stock of the material is only 30.What are the effects of the above at invoice verification? a. Stock account is 5b. Stock account is 1.5c.
Stock account is 3.5-
d. Price difference account is 3.5e. Price difference account is 1.5-
7. Under what situation does the system compares the ratio of PO quantity(in PO price units) / PO quantity (in PO units), invoice quantity (in PO price units / invoice quantity (in PO units)? a. Goods receipt before invoice receipt b. Invoice receipt before goods receipt.
8. The initial Stock of a material is 200 pieces. There is a purchase order for 100 pieces at Rs. 0.75. The 100 pieces are received. An invoice is received for 100 pieces at Rs 0.80 per piece. What are the effects of the above at invoice verification? a. If the material is valuated at a standard price of Rs 1, the stock account will be
5+. b. If the material is valuated at a moving average price of Rs 1, the stock account
will be 5+. c.
If the material is valuated at a moving average price of Rs 1, the material master
record reflects the moving average price at Rs 0.92. d. If the material is valuated at a standard price of Rs 1, the price difference
expense account will be 5+. e. If the material is valuated at a standard price of Rs 1, the stock price difference
income account will be 5+.
9. The greater the invoice value, the lower the tolerated quantity variance. a. True b. False
10. How is the quantity valuated at IV for the materials received if the invoice quantity is greater than the GR quantity? a. At purchase order price
b. At invoice price
11. What happens if an invoice item exceeds the set tolerance limit for amount check? a. The item is blocked for payment b. The entire invoice is blocked for payment c.
The item is given blocking reason
12. Based on what does the system check the value for a schedule variance? a. Purchase Order Price b. Invoice Price c.
Invoice value
d. Quantity variance e. Days variance
SAP MM Sample Questions for Certification (Set.3) Answers 1. What does the system do when you perform the function Reducing Invoices? a. Reduce an invoice b. Post invoice for the actual quantities and values c.
Post a credit memo for the amount reduced
d. Post a debit memo for the amount reduced e. Facilitate generation of a letter of complaint to the vendor.
2. A vendor is issued a purchase order for 200 pieces at 10 UNI/pc and 10% tax. There was a goods receipt of 140 Pieces. The vendor sends an invoice for 200 pieces at 12 UNI/pc. The Purchase manager decides on a partial reduction with quantity variance. What will be accounting entries for the invoice and credit memo? a. Stock account in the invoice document is 300+ b. Stock account does not get affected. c.
Input tax in credit memo is 60-
d. Vendor account in the credit memo is 660+ e. Vendor account in the credit memo is 440+
3. What can be the possible entries the system can make during invoice verification if a valuated good receipt is defined for a purchase order with account assignment and there is a price variance? a. Debit consumption
b. Credit consumption c.
Debit GR/IR
d. Credit GR/IR e. Credit Vendor
4. Which costs are entered at item level in the purchase order? a. Planned delivery costs b. Unplanned delivery costs
5. In Total Based acceptance what validations can the system do before deciding that the balance is too large for the invoice to be posted? a. First checks whether the variance falls within the defined invoice reduction limit. b. First checks whether the variance falls within the small difference. c.
If the difference is greater than the small difference it checks whether the
variance falls within the defined invoice reduction limit. d. If the positive difference is greater than the small difference it checks whether
the variance falls within the defined i nvoice reduction limit. e. If the invoice reduction limits are set to do not check, the system compares the
variance with the acceptance limit. 6. When does the system propose current account assignment? a. Goods receipt b. Invoice Verification
7. A purchase order has been issued on a vendor for two materials. 150 units of material A has been ordered at 4 UNI/pc. 20 units of material B has been ordered at 45 UNI/pc. The vendor has supplied all the materials. The invoice for the supply has been received and posted. He now sends an invoice that includes 875 UNI as freight charges and 125 UNI as custom duty that was not planned. The system has been configured to distribute delivery costs amongst items. How will the cost be apportioned when the invoice is posted? a. Stock account for Material A 380 +, Stock account for Material B 570 + b. Stock account for Material A 500 +, Stock account for Material B 450 + c.
Freight clearing 875+
d. Custom clearing 125 +
8. In customizing for invoice verification how can you configure unplanned delivery costs?
a. Distribute among the items b. Post to separate G/L account
9. In which method does the unplanned delivery cost appear in the purchase order history? a. When distributed among items b. When posted to separate G/L accounts
10. What are the features of subsequent debit/credit? a. Changes total invoice value of a PO item. b. Changes total invoice quantity. c.
Entries can be made only if an invoice has already been posted for the item
d. Refers to a specific invoice. e. Flagged in the Purchase order history
11. Mentioned below are the details for a purchase order:Purchase order: 50 pcs
at
2.00
UNI/pcGoodsreceipt:
noneInvoice:
50
pcs
at
2.00
UNI/pcSubsequent Invoice: 50 pcs = 20.00UNIWhat will be accounting entries when you post the invoice and make the subsequent debit/credit? a. Invoice: Vendor Account 100b. Invoice: GR/IR account 100+ c.
Subsequent debit/credit: Stock account: 20+
d. Subsequent debit credit: GR/IR account 20+ e. Subsequent debit/credit: Vendor account 20-
12. When you post invoice items without reference to purchase orders on which tab page will you enter the currency? a. G/L account b. Material c.
Basic Data
d. Payment e. Detail
