TEST VII BILLING

State whether following statements are true or false

(a)
(b)

You can change the proposed billing document type (that came from the sales document
type), when you create the billing document.
True
False

(a)
(b)

Billing list reference number does not overwrites the individual reference number in
accounting. True or False
True
False

You can see the document flow from the report list for orders (VA05) without having to go into
the order, just by going to the menu: environment > document flow

3
(a)
(b)

True
False

Answer the followings ( Only one option is correct )

4
(a)
(b)
(c)
5

The posting status of he accounting document can be seen on which level of the billing
document?
Header
Item
Header and Item
Which of the following statement is incorrect in regards to debit and credit memos

(a)

It can be referenced to a Sales document or to a billing document

(b)

The can be created with reference to credit memo requests and debit memo requests

(c)
(d)

It can be created without reference to a previous document

It can be referenced to a delivery

(e)

In order to be created, a billing block must be removed from the reference document

(a)
(b)

Which of the following is incorrect

The billing document type control the number assignment and the partners
The billing document type control the Revenue Account determination

(c)

The billing document type control the Cancelation billing type and the posting block

(d)
(e)
7

The billing document type control the texts and output

The billing document type control the Account determination for goods issue posting through
table 30 of MM

(a)

Which of the following statements are incorrect

You can use an invoice to refer to an order and a delivery at the same time

(b)

You can use an invoice to refer to an order

(c)

You can use an invoice to refer to an delivery

(d)

You cannot use an invoice to refer to an order and a delivery at the same time

(a)
(b)
(c)
(d)
(e)

When several invoices are created for one delivery, this is known as:
A split invoice
A complete invoice
A collective invoice
An invoice split
An invoice collection

(Debit/credit memo to Invoice)

(Return to Invoice)

Which of the following components do not form part of the process to set up the billing plan
(a)
(b)
(c)
(d)
(e)

10
(a)
(b)
(c)
(d)
(e)

Date description
Date category
Date proposal
Rule for date proposal
Item category
Revenue Account Determination use the following criteria to determine the General Ledger
Account. Select the correct answer
Chart of accounts, Sales Area, Account assignment of the customer, Account assignment of
the material, Account key
Chart of accounts, Sales Area, Account assignment of the customer, Account assignment of
the material, Account number
Chart of accounts, Sales organization, Account assignment of the customer, Account
assignment of the material, Account key
Chart of accounts, Division, Account assignment of the customer, Account assignment of the
material, Account number
Chart of accounts, Division, Account assignment of the customer, Account assignment of the
material, Account key

Answer the followings ( More than one option may be correct )

(a)
(b)
(c)
(d)
(e)

The system can determine the business area in various ways? Which of the following can be
used in the derivation of the business area
Company code
Sales Area
Plant and Item Division
Sales organization, Distribution channel and Item Division
Shipping point

(a)
(b)

Which of the following statements are correct

Every company code need to have it's own set of chart of accounts
More than one company code can use the same chart of accounts

11

12

(c)

Because of the unique assignment of the sales organization and company code, the system
will automatically derive the company code when you enter the sales organization in the FI
document

(d)

Because of the unique assignment of the sales organization and company code, the system
will automatically derive the company code when you enter the sales organization in the
sales order

(e)

A business area must always be defined.

(a)
(b)
(c)
(d)

Which of the following is examples of a Billing document type

Invoice, pro forma invoice and Invoice lists
Debit, credit memo and cancellations
Returns, external transactions
Inter-Company delivery and billing

13

14

Which of the following statements are incorrect

(a)

When you cancel a billing document the system copies the data from the reference
document into the cancellation and offsets the entry in accounting

(b)
(c)

When a billing document is cancelled it resets the document status

When a billing document is cancelled it do not update the document flow

(d)

When you cancel a billing document the system copies the data of the original into the
cancellation document and the cancelled document will have a "cancelled" indicator

(e)

The cancelation document will contain the referenced document number and the original
document will have an "cancelled" indicator

15

Which of the following statements are incorrect

(a)

The invoice correction represents a combination of a credit and a debit memo request

(b)

The invoice correction can be created without reference to a billing document

(c)

First the debit memo items is listed followed by the credit memo items. The debit memo
items cannot be changed

(d)
(e)
16

When creating an invoice correction, the items are automatically duplicated and the resulting
Item categories must have opposite +/- values
You can delete the credit and debit memos together and all unchanged pairs can be deleted
at once in this way

(b)
(c)

Which of the following statements is incorrect

You can create as many pro forma invoices as you would require, since the billing status in
the reference documents is not updated
Data from pro forma invoices is not transferred to accounting
Data from pro forma invoices is transferred to accounting

(d)

You need to post the goods issue before creating a delivery related pro forma invoice

(a)

17

Identify the correct statement.

(a)

You can create an invoice with reference to a delivery or a goods issue document

(b)

You cannot create credit memos with reference to a credit memo request.

(c)

The possible reference documents are determined by billing document type.

(d)

Pro forma invoices are generally needed for exports.

(e)

After creating a pro forma invoice, the postings are automatically made in the FI module.

(a)
(b)
(c)

Which of the following statement is incorrect in regards to cash sales

The delivery is created automatically when you save the cash sale order
The goods issue is posted afterwards as a separate transaction
The system automatically print the billing document (Receipt)

(d)

The accounting entry will be blocked and must be released by the responsible employee

(e)

The delivery must be created after the cash sale order

18

19

When processing a billing due list, you have the following options. Select the correct answers
(a)
(b)
(c)

The invoice run can be started as a simulation run.

For performance reasons, the invoicing run via billing due list processing can only be carried
out in batch.
The invoice run can be carried out for delivery-related and order-related billing documents
simultaneously.

(d)

Order-related and delivery-related billing documents must always be created separately.

(e)

Order-related and delivery-related billing documents must always be created in the

background.

20
(a)
(b)
(c)
(d)
(e)
21

Select the incorrect statement regarding Invoice lists

Invoice list contain various billing documents and can be sent to a payer on specified days or
intervals
All the Billing types to be included in the invoice list must be assigned to the invoice list type
For the system to work you need to define a factory calendar to indicate on which days the
invoice list must be created and this factory calendar must be added to the payer's master
data
Invoice list update accounting & post the accounting documents for the billing documents in
the list
Invoice list cannot be cancelled as a list. The individual billing documents need to be
reversed if you want to cancel the billing list
Which of the following statements are true regarding billing plans?

(a)

The following are the three type of billing plans: periodic, contractual, milestone.

(b)
(c)
(d)

Billing plan types can be in the header and item levels.

Billing plans can be used to handle down payment functionality.
The date category can be changed in the item
The Billing plan types that is created at header level is the master plan and billing plans at
item level need to be linked to the master billing plan

(e)

22

Which of the following is incorrect regarding down payments used in billing plans
(a)
(b)
(c)

Down payment can be settled in full or settled partially

Down payment can only be settled in full
For partial and final invoices, the down payments that have been made are transferred to the
billing documents as down payments for clearing

(d)

Tax is determined and displayed when the down payment request is being made.

(e)

When the invoice is printed, the down payment amount due for clearing will not be displayed
as the clearing is carried out automatically during invoice printing

23
(a)
(b)
(c)
(d)
(e)
24
(a)

Select the incorrect statement

For every installment a billing document will be generated
Each installment create a separate accounts receivable item so that each payment can be
cleared against an installment
Installment payment terms must be set up in customizing and you need to indicate the
number and amount of the installments in percentage and payment terms for each
installment payment
Incoming payment dates are regulated or stipulated in an installment plan
Settlement dates are regulated or stipulated in a down payment plan
Which of the following statements are correct
A company code represents an independent accounting unit with balance sheet and profit
and loss statements as required by law

(b)

A business Area reports financial information across company codes and is used for internal
reporting

(c)

General ledger accounts, for company code reporting, cannot be posted by business area

(d)
(e)
25
(a)
(b)
(c)

26

Business Area has a fixed assignment and is determined per order item according to certain
rules
Only one business area can be determined for the billing document
Which of the following statements are correct
Sales documents types update accounting document types
You can set a posting block on Billing documents and accounting documents will only be
generated after the billing block has been released
You specify in the billing document type what accounting document should be proposed for a
transaction. If you leave this field blank the system will automatically propose RV doc type.

(c)
(d)

Which of the following are true regarding the billing date?

It can be changed in the billing document.
The customer master is where you maintain the calendar if billing is to be done on specified
dates.
It is proposed automatically, but can be overridden.
If using delivery related billing, the billing date is based on goods issue.

(e)

If using order related billing, the billing date in the order forms the basis for the billing date.

(a)
(b)

27

Identify the correct answer:

(a)

The billing document created in SD is always automatically released to FI

(b)

An F1 billing document is created on the first day of the month.

(c)

The selling price of a material is entered as master data on the functional side of SD

(d)

The Item category in the sales document will indicate to the system whether it is order
related billing or delivery related billing

28

Which of the following statements about billing are incorrect?

(a)

Invoice dates for creating invoices at certain times are maintained in the calendar

(b)

You cannot carry out pricing again during billing

A transaction-specific requirement, such as "deliveries must be combined in a collective
invoice" can be set to control billing

(c)
(d)

If there are several payers for one delivery, several billing document is created for each payer

TEST VII

BILLING(ANSWERS)

2
3
4

b
a
a

3
3
1

5
6
7
8

d
e
d
d

1
1
1
1

9
10
11

e
c
b,c,d

1
1
5

12
13

b,d
a,b,c

5
4

14
15
16
17
18
19
20
21
22
23
24
25

c,d
b,c
c,d
c,d
d,e
a,c
d,e
b,c
b,e
a,e
a,b
b,c
a,b,c,d
,e
c,d
a,c

5
5
4
5
5
5
5
5
5
5
5
3

26
27
28

TOTAL

5
4
4
100