1) Which G/L accounts are updated at goods receipt when purchasing a stock material?
a. Stock account
b. Vendor sub-ledger
c. Bank account
d. GR/IR
2) Which of the following are not effects of a goods receipt?
a. Update quantity in material master
b. Debit stock account for a stock item
c. Debit GR/IR account
d. Transport request if WM activated
e. Price variances posted
3) In ME21N, you can create a purchase order with reference to which of the following items?
a. RFQ
b. Source List
c. Purchase Requisition
d. Contract
4) During the Invoice Verification process, user can use the following document as a reference.
a. Purchase Requisition
b. Purchase Order
c. Inquiry
d. Material Document
e. Accounting Document
5) Purchase Orders include all of the following organization data except.
a. Company Code
b. Purchasing Group
c. Purchasing Organization
d. General Data
6) An account payable is posted to accounting upon creation of the following document.
a. Purchase Requisition
b. Purchase Order
c. Good Receipt
d. Invoice verification
e. All of the above
7) Purchasing in which the purchasing organization is not assigned to any company code is called:
Answer:
8) Invoice verification is the final step in the procurement cycle
(True/False).
9) Upon invoice verification, the system automatically carries out the payment process
(True/False).
10) Which of the following are functions of the purchasing organization?
a. Negotiate general conditions of purchase with vendors
b. Set pricing conditions
c. Represents an independent accounting unit
d. Responsible for purchasing for a specific group of
materials
e. Legally responsible for completing purchasing contracts
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Answers:
1) a d
2) c e
3) a c d
4) b d
5) d
6) d
7) Cross company Code
8) False (it is payment)
9) False
10) a e
