SAP MM Certification Questions and Answers: Set 4

Here, I am posting sample of SAP MM questions ans answers set with only True-False. First try to answers yourself and check the correct answers at bottom. Note: In real time exam, you will not get question on true-false, these SAP MM questions and answers will helps you to clear your concept on respective topic. Some of the answers are not reliable for given SAP MM questions set, however you can find real time actual SAP MM questions with my Premium Set of SAP MM Certification Questions and Answers, because there are lot of chance to get exact SAP MM questions from it and which have accurate

1. What are the ways in which invoice postings are possible in SAP MM Process?

1. Manual posting
2. Automatically through electronic transfer
3. Evaluated receipt settlement
4. Invoicing plan
5. Consignment settlement

2. From where in SAP MM Process, can the terms of payment be an input for invoice verification?

1. User entry
2. Purchase order
3. Purchase order history
4. Vendor master
5. Material master

3. Which of the following does the system copy from the purchase order during invoice verification entry?

1. Purchase order number
2. Tax amount
3. Currency
4. Vendor
5. Bank information

4. What is the process of invoice verification?

1. Purchase order, service or GR referenced for incoming invoice.
2. Invoice items suggested by the system against referenced document
3. Corresponding automatic account postings carried out.
4. Payment proposal list for vendor generated.

5. What happens when an invoice is posted?

1. Material master always updated.
2. Purchase order history updated
3. Individual line items posted to appropriate accounts
4. MM invoice document created if necessary.
5. FI document always created.

6. What purpose does invoice verification serve in materials management?

1. It allows invoice that do not originate in materials procurement to be processed.
2. Completes the materials procurement process
3. Handles the payment
4. Allows credit memos to be processed
5. 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?

1. Stock account Rs. 360+, vendor account Rs. 360-
2. Stock account Rs. 440+, vendor account Rs. 440-
3. Stock account Rs. 440+, vendor account Rs. 360-
4. Stock account Rs. 360+, vendor account Rs. 440-
5. Stock account Rs. 0, vendor account Rs. 80-

8. What happens to accounting entries when an invoice is posted?

1. GR/IR account debited, vendor account credited
2. 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?

1. Invoice
2. Purchase order
3. Purchase order history
4. System settings
5. Vendor master

10. During invoice verification the system picks the rate at which tax is calculated from the vendor master record.

1. True
2. False

11. What are the tasks of invoice verification?

1. Entering invoices and credit memos received.
2. Checking the accuracy of invoices
3. Executing the account posting resulting from invoice
4. Updating open items and material prices
5. Checking invoices that were blocked.

12. An invoice can refer to various objects.

1. True
2. False

Click for Answers