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1. The balance audit trial displays the balance at the closing of the period and changes to the account at the period end
A) True
B) False
2. Lowest priority for derivation of Functional area is:
A) Balance Sheet Accounts Master Data
B) Validation
C) Manual Entry
D) CO document
E) Master Record of CO object
3. If new transactions have been posted to the account since the last valuation run, these are valuated during the current run.
A) True
B) False
4. Controlling area can include one or more company codes
A) false
B) true
5. The asset history sheet is a very important and comprehensive year end report or intermediate report
A) True
B) False
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: E | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
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