121. There are 2 types of income statement a/c, they are

a) Revenue and capital a/c

b) Contingency and capital a/c

c) Assets and liability a/c

d) Revenue and expense a/c

Answer: d) Revenue and expense a/c

122. At the end of fiscal year balances of the revenue a/c will be subtracted from the balances of the expense account to get the profit or loss

a) True

b) False

Answer: a) True

123. In the Chart of accounts (COA), which level consist of several a/c groups for accounts of different types

a) Level 1

b) Level 2

c) Level 5

d) All of the above

Answer: a) Level 1

124. How many levels are there in the chart of accounts?

a) 7

b) 5

c) 4

d) 3

Answer: b) 5

125. Level 2-4 consist of active or titles accounts

a) True

b) False

Answer: a) True

126. Which level contains active accounts only?

a) Level 1

b) Level 2

c) Level 5

d) All of the above

Answer: c) Level 5

127. The system displays the group cabinet’s a/c, i.e.  Level 1 in

a) Black with grey background

b) Blue

c) Black with blue background

d) Blue with black background

Answer: c) Black with blue background

128. The system displays level 2-4 in

a) Black with grey background

b) Blue

c) Black with blue background

d) Blue with black background

Answer: b) Blue

129. The system displays level 5 in

a) Black

b) Blue

c) Green

d) Grey

Answer: a) Black

130. Accounts that you have entered in G/L a/c determination (primary a/c) are displayed in

a) Black with grey background

b) Blue

c) Green

d) Grey

Answer: c) Green

SAP Business One Certification Question Part 12

Sample questions for Business One certification

The history of SAP Business One

Why choose SAP Business One (SAP B1)

SAP Business One Free Trial