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NO.1 The implementation consultant is defining the chart of accounts for Green Studios. James, the
C EO of
Green Studios, asks what the consultant will do to reflect his customer's transactions in the chart of
accounts.
Please choose the correct answer.
Response:
A. Add all customer accounts as business partner master data.
B. Add an accounts receivable control account to the assets drawer
C. Add an accounts receivable control account to the cost of sales drawer.
D. Add an account for each customer in the assets drawer.
Answer: B
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NO.2 What postings are made when a delivery document is created for an item controlled by the
moving average method?
Please choose the correct answer.
Response:
A. A credit to revenue and a debit to cost of goods sold
B. A credit to the inventory account and a debit to cost of goods sold
C. A debit to the inventory account and a credit to cost of goods sold
D. A credit to the inventory account and a debit to the customer account
Answer: B
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