Check your knowledge

Completed

Answer the following questions to see what you've learned.

1.

Which posting groups must be set up for an item charge such as VAT?

General Business Posting Group and VAT Product Posting Group

General Product Posting Group and VAT Business Posting Group

General Product Posting Group and VAT Product Posting Group

General Business Posting Group and VAT Business Posting Group

2.

You can use the Suggest Item Charge Assignment function to automatically assign a part of the total item charge amount to several items. What are the available options to calculate the amount to assign to each item?

Equally

By Weight

By Amount

By Volume

All of these

3.

You have posted a purchase invoice from a domestic vendor for your company. On the invoice, you entered an item charge that you assigned to the items on a posted purchase receipt. Which one of the following entries is not created during posting?

VAT entries

G/L entries

Value entries

Item ledger entries

4.

If you select the Equally option when you run the item charge assignment function, what happens?

The cost of the item charge will be assigned according to the line amount of each line.

The cost of the item charge will be assigned equally to all the lines in the Item Charge Assignment window.

The cost of the item charge will be assigned equally to all the lines in the Purchase Order window.

The cost of the item charge will be assigned equally to all the lines in the Sales Order window.

You must answer all questions before checking your work.