A delivery document is created for a shipment of 10 printers to Madison and Daughters Inc. One of the
employees creates an A/R invoice but forgets to reference the existing delivery document. Madison and
Daughters Inc. uses perpetual inventory.
What unplanned effect will occur by posting these two unrelated documents in the system?
Please choose the correct answer.
Response:

• A. The invoice will reverse the previous entry to the cost of sales account.
• B. There will be a posting to an inventory variance account.
• C. The inventory account will be credited for 20 printers.
• D. The customer will be charged for 20 printers.

The purchasing manager would like to receive a weekly report that lists all stock items that fall below a
critical point. What is the standard way of doing this in SAP Business One?
Please choose the correct answer.
Response:

• A. Create a user-defined alert with a query that lists all the items below the minimum level, and set the
  required frequency as weekly for the alert.
• B. In the Document Settings window, select the checkbox to warn when stock is released below the
  minimum level. The purchasing manager will automatically receive a weekly report.
• C. Create a custom report using Crystal Reports to show items below the minimum level and set the
  report to run once a week.
• D. Activate the predefined alert for minimum stock deviation. The purchasing manager will receive a
  report on weekly basis whenever stock falls below the minimum level.

What types of payments can you generate using the Payment Wizard?
There are 3 correct answers to this question.
Choose:

• A. Incoming and outgoing payments by cash
• B. Outgoing payments by credit card
• C. Incoming payments by bank transfer
• D. Outgoing payments by bank transfer
• E. Outgoing payments by check

What is the journal voucher?
Chose the correct answer
Response:

• A. Ledger Folder
• B. Draft
• C. A/P invoice
• D. Journal entry draft (folder)